compendium of quotes from Milton Friedman (1912-2006), American economist, Nobel Prize in Economics in 1976. It is famous for his work on the currency. He was an ardent defender of liberal ideas.
"The state has the sole function of protecting our liberty against foreign enemies and against our citizens themselves: it maintain law and order, it enforces private contracts, and promotes competition. "
Milton Friedman, Capitalism and Freedom, 1962
" That does not mean that unions do not have their importance. As industrial monopoly, they play a significant role in making significant and many different wage rates that the market alone would establish. "
Milton Friedman, Capitalism and Freedom, 1962
" It is necessary to adopt a stable price level as at the time, goal of monetary policy, guide and criterion for success. "Milton Friedman
, Prices and Economic Theory, 1962
" The only way to keep a volume of unemployment below the natural rate is an acceleration in inflation continues, in which inflation effective is always ahead of expected inflation. "
Milton Friedman, Price and Economic Theory, 1962
" The prices convey information, they encourage resource users to be guided by this information, and encourage owners of these resources consider this information. "Milton Friedman
, Prices and Economic Theory, 1962
" Inflation is like alcoholism. When a man engages in a drinking bout, the same evening it feels good. Only the next day he feels bad. "
Milton Friedman, Inflation and Monetary System, 1968
" The only way for the Government to fight against inflation is to spend less and make less money. The only remedy is to reduce the increase in the quantity of money. "
Milton Friedman, Inflation and Monetary System, 1968
" The way to deal with inflation is to stop all spending. "
Milton Friedman, Inflation and Monetary System, 1968
" Set prices, and problems will multiply, leave prices to determine for themselves, and the problems disappear like magic. "
Milton Friedman, Inflation and Monetary System, 1968
" Economists do not need to know a lot. But we know one thing: how to cause shortages and surpluses. "
Milton Friedman, Inflation and Monetary System, 1968
" I oppose any government interference in the economy. "
Milton Friedman, interview of Que Pasa (Santiago), 1975
"One of the biggest mistakes is possible to judge a policy or program on their intentions, not results. "
Milton Friedman, interview with Richard Heffner show Open Mind, 1975
" History is clear: there is no way [...] to improve the situation of ordinary people who happen the ankle productive activities released by a system of free enterprise. "
Milton Friedman television interview with Phil Donahue, 1979
" Competitive market, when left running, protects the consumer better than all the government machinery came successively superimposed on the market. "
Milton Friedman, Free to Choose, 1980
" Inflation is a dangerous and sometimes fatal disease. "
Milton Friedman, Free to Choose, 1980
" The fear of tax audits, the stifling bureaucratic harassment of the state are powerful weapons against freedom of speech. "
Milton Friedman, Free to Choose, 1980
"A society that puts equality before freedom will end up having neither equality nor freedom [...] A society that puts freedom above all things will eventually get, without having sought greater equality in along with more freedom. "
Milton Friedman, Free to Choose, 1980
" The real issue raised by most critics of advertising is not the fact that advertising manipulates the taste but the fact that the general public tastes are detestable - ie different tastes of the critics. "
Milton Friedman, Free to Choose, 1980
" The Federal Reserve has probably caused the Great Depression by contracting the volume of money in circulation by one third between 1929 and 1933. "
Milton Friedman interviewed on National Public Radio, 1996
" Ordinary citizens live much better than in capitalist countries in the communist countries. "
Milton Friedman, Two Lucky People, 1998
" Despite my strong disagreement with the authoritarian political system of Chile, I do not see what is wrong, an economist, to provide technical economic advice to the Chilean government. "
Milton Friedman, Two Lucky People, 1998
" Using the amount of money as a goal has not been a success. Today, I'm not sure I would recommend it as strongly as in the past. "
Milton Friedman Interviewed in the Financial Times, 2003
"The state has the sole function of protecting our liberty against foreign enemies and against our citizens themselves: it maintain law and order, it enforces private contracts, and promotes competition. "
Milton Friedman, Capitalism and Freedom, 1962
" That does not mean that unions do not have their importance. As industrial monopoly, they play a significant role in making significant and many different wage rates that the market alone would establish. "
Milton Friedman, Capitalism and Freedom, 1962
" It is necessary to adopt a stable price level as at the time, goal of monetary policy, guide and criterion for success. "Milton Friedman
, Prices and Economic Theory, 1962
" The only way to keep a volume of unemployment below the natural rate is an acceleration in inflation continues, in which inflation effective is always ahead of expected inflation. "
Milton Friedman, Price and Economic Theory, 1962
" The prices convey information, they encourage resource users to be guided by this information, and encourage owners of these resources consider this information. "Milton Friedman
, Prices and Economic Theory, 1962
" Inflation is like alcoholism. When a man engages in a drinking bout, the same evening it feels good. Only the next day he feels bad. "
Milton Friedman, Inflation and Monetary System, 1968
" The only way for the Government to fight against inflation is to spend less and make less money. The only remedy is to reduce the increase in the quantity of money. "
Milton Friedman, Inflation and Monetary System, 1968
" The way to deal with inflation is to stop all spending. "
Milton Friedman, Inflation and Monetary System, 1968
" Set prices, and problems will multiply, leave prices to determine for themselves, and the problems disappear like magic. "
Milton Friedman, Inflation and Monetary System, 1968
" Economists do not need to know a lot. But we know one thing: how to cause shortages and surpluses. "
Milton Friedman, Inflation and Monetary System, 1968
" I oppose any government interference in the economy. "
Milton Friedman, interview of Que Pasa (Santiago), 1975
"One of the biggest mistakes is possible to judge a policy or program on their intentions, not results. "
Milton Friedman, interview with Richard Heffner show Open Mind, 1975
" History is clear: there is no way [...] to improve the situation of ordinary people who happen the ankle productive activities released by a system of free enterprise. "
Milton Friedman television interview with Phil Donahue, 1979
" Competitive market, when left running, protects the consumer better than all the government machinery came successively superimposed on the market. "
Milton Friedman, Free to Choose, 1980
" Inflation is a dangerous and sometimes fatal disease. "
Milton Friedman, Free to Choose, 1980
" The fear of tax audits, the stifling bureaucratic harassment of the state are powerful weapons against freedom of speech. "
Milton Friedman, Free to Choose, 1980
"A society that puts equality before freedom will end up having neither equality nor freedom [...] A society that puts freedom above all things will eventually get, without having sought greater equality in along with more freedom. "
Milton Friedman, Free to Choose, 1980
" The real issue raised by most critics of advertising is not the fact that advertising manipulates the taste but the fact that the general public tastes are detestable - ie different tastes of the critics. "
Milton Friedman, Free to Choose, 1980
" The Federal Reserve has probably caused the Great Depression by contracting the volume of money in circulation by one third between 1929 and 1933. "
Milton Friedman interviewed on National Public Radio, 1996
" Ordinary citizens live much better than in capitalist countries in the communist countries. "
Milton Friedman, Two Lucky People, 1998
" Despite my strong disagreement with the authoritarian political system of Chile, I do not see what is wrong, an economist, to provide technical economic advice to the Chilean government. "
Milton Friedman, Two Lucky People, 1998
" Using the amount of money as a goal has not been a success. Today, I'm not sure I would recommend it as strongly as in the past. "
Milton Friedman Interviewed in the Financial Times, 2003
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