Milton Friedman
Milton Friedman
Milton Friedmanwas an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the second generation of Chicago price theory, a methodological movement at the University of Chicago's Department of Economics, Law School, and Graduate School of Business from the 1940s onward. Several students and young professors that were recruited...
NationalityAmerican
ProfessionHistorian
Date of Birth31 July 1912
CityBrooklyn, NY
CountryUnited States of America
thinking differences long
... difference between me and people like Murray Rothbard is that, though I want to know what my ideal is, I think I also have to be willing to discuss changes that are less than ideal so long as they point me in that direction.
long drug serious
So long as large sums of money are involved - and they are bound to be if drugs are illegal - it is literally impossible to stop the traffic, or even to make a serious reduction in its scope.
people long ordinary
The long-range sloution to high unemployment is to increase the incentive for ordinary people to save, invest, work, and employ others. We make it costly for employers to employ people; we subsidize people not to go to work We have a system that increasingly taxes work and subsidizes nonwork.
long records reputation
No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve, yet so high a public reputation.
book years long
The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next twenty-five or fifty years. And the thing that I will really be proud of is if some of the work I have done is still cited in the text books long after I am gone.
games long competition
So long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
country long mexican
Look, for example, at the obvious, immediate, practical example of illegal Mexican immigration. Now, that Mexican immigration, over the border, is a good thing. It's a good thing for the illegal immigrants. It's a good thing for the United States. It's a good thing for the citizens of the country. But, it's only good so long as its illegal.
believe government long
I have long been a critic of Social Security, basically because I believe that it is not the business of government to tell people what fraction of their incomes they should devote to providing for their own or someone else's old age.
party keys long
Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.
long people ambitious
A free society releases the energies and abilities of people to pursue their own objectives. It prevents some people from arbitrarily suppressing others. It does not prevent some people from achieving positions of privilege, but so long as freedom is maintained, it prevents those positions of privilege from becoming institutionalized; they are subject to continued attack by other able, ambitious people.
buy careful man money spends
When a man spends his own money to buy something for himself,he is very careful about how much he spends and how he spends it.When a man spends his own money to buy something for someone else,he is still very careful about how much he spends, but somewhatless what he spends it on. When a man spends someone else's moneyto buy something for himself, he is very careful about what hebuys, but doesn't care at all how much he spends. And when a manspends someone else's money on someone else, he doesn't care howmuch he spends or what he spends it on. And that's governmentfor you.
assume derive economic expense fixed gain party tendency
Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another
action best bill colorado continued favor features government including reduce referendum reject strongly taxpayers urge voters
I strongly urge the voters of Colorado to reject Referendum C, or any action that would suspend Colorado's Taxpayers Bill of Rights. I strongly favor the continued and uninterrupted use of TABOR, including it's so called ratchet mechanism. The ratchet is one of the best features of TABOR. It is the only thing that will reduce out-of-control government spending.
countries experience fighting foreign found genius inflation top willing
Have all these countries found a genius like Greenspan? ... What the foreign experience suggests is, you don't need a genius. You just need someone willing to make fighting inflation his top priority.