Milton Friedman quote about policy from Capitalism and Freedom - In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism.
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“ In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism. ”
 Milton Friedman, Capitalism and Freedom (1962). copy citation

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Author Milton Friedman
Source Capitalism and Freedom
Topic policy stability taxation
Date 1962
Language English
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Milton Friedman quote about policy from Capitalism and Freedom - In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism.
Milton Friedman quote about policy from Capitalism and Freedom - In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism.