"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless"
- Milton Friedman
About this Quote
The quote by Milton Friedman is a criticism of government's ability to devalue currency. It recommends that when federal government prints cash, it might have the appearance of being of value with the paper and ink looking completely great, however in reality, it is useless due to the devaluation outcome of excessive cash being printed. The quote implies that federal government action can damage the worth of a currency, which eventually hurts its residents.
This quote is written / told by Milton Friedman between July 31, 1912 and November 16, 2006. He/she was a famous Economist from USA, the quote is categorized under the topic Politics. The author also have 34 other quotes.
