Milton Friedman

Milton Friedman

American economist, statistician, and writer who taught at the University of Chicago for more than three decades
A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy.More Milton Friedman quotes [03/29/2018 05:03:36]
So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.More Milton Friedman quotes [03/29/2018 05:03:36]
The big issue is whether the United States will succeed in its venture of reshaping the Middle East. It is not clear to me that using military force is the way to do it. We should not have gone into Iraq. But we have.More Milton Friedman quotes [03/29/2018 05:03:36]
The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.More Milton Friedman quotes [03/29/2018 05:03:36]
The government doesn't have any money. The only power it has is to take from some and give to others.More Milton Friedman quotes [03/29/2018 05:03:36]

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