Milton Friedman in His Own Words

A reader of my recent article, “The Curse of the Withholding Tax,” received, directly from Milton Friedman, this quote from his memoirs, Two Lucky People (Univ. of Chicago Press, 1998, p. 123), about his role in the withholding tax: “Far more important, without a system of current collection, it would have been impossible to collect the amount of income taxes that we collected during the war. At the time, we concentrated single-mindedly on promoting the war effort. We gave next to no consideration to any longer-run consequences. It never occurred to me at the time that I was helping to … Continue reading Milton Friedman in His Own Words