The stock market crashed in October 1929. But that was not the cause of what caused the Great Depression. It was, in… — Milton Friedman Copy Share Image
No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve,… — Milton Friedman Copy Share Image
The Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over… — Milton Friedman Copy Share Image
I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to… — Milton Friedman Copy Share Image
The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation… — Milton Friedman Copy Share Image
What happened was that for every $100 of money, by which I mean the cash that people keep in their pockets, and… — Milton Friedman Copy Share Image
I am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions… — Milton Friedman Copy Share Image
China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than… — Milton Friedman Copy Share Image
I believe the role that people like myself have played in the transformation of public opinion has been by persistently presenting a different point… — Milton Friedman Copy Share
To really understand something you've got to reduce it to its principles. — Milton Friedman Copy Share
It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the… — Milton Friedman Copy Share
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces… — Milton Friedman Copy Share
“The people in one district can choose not to reelect their member of Congress, but that will not change the composition of the government… — Milton Friedman Copy Share
When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought… — Milton Friedman Copy Share
The government doesn't have any money. The only power it has is to take from some and give to others. — Milton Friedman Copy Share
What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?! — Milton Friedman Copy Share
World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them to have… — Milton Friedman Copy Share
Is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run… — Milton Friedman Copy Share
Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on… — Milton Friedman Copy Share
I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior. — Milton Friedman Copy Share
It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability.… — Milton Friedman Copy Share
Hong Kong is the bellwether. If the Chinese stick to their agreement to let Hong Kong go its own path, then China will also… — Milton Friedman Copy Share
