“Inflation is taxation without legislation.” Milton Friedman
January 21, 2009
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“Inflation is taxation without legislation.” Milton Friedman
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Be careful that this doesn’t turn into a cum hoc ergo propter hoc logical fallacy.
Comment by Brad Warbiany — January 21, 2009 @ 2:06 pmI see that the Dow went up by 279 points today. It must be because Bush was still president for half a day :)
http://www.marketwatch.com/news/story/story.aspx?guid=%7B347E11FB%2D85D8%2D417D%2D9AEF%2D08FF1EB64698%7D&siteid=rss
Comment by Stephen Littau — January 21, 2009 @ 2:50 pm