I believe that the monetary stability is an absolutely critical element in the satisfactory operation of a system. — Milton Friedman Copy Share Image
The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than… — Milton Friedman Copy Share Image
If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher… — Milton Friedman Copy Share Image
The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is… — Milton Friedman Copy Share Image
A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a… — Milton Friedman Copy Share Image
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more… — Milton Friedman Copy Share Image
Inflation is a monetary phenomenon. It is made by or stopped by the central bank. — Milton Friedman Copy Share Image
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more… — Milton Friedman Copy Share Image
To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states. — 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
My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers geared to provide a… — Milton Friedman Copy Share Image
The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market… — Milton Friedman Copy Share Image
No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that… — Milton Friedman Copy Share Image
The government solution to a problem is usually as bad as the problem. — 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 Image
To really understand something you've got to reduce it to its principles. — Milton Friedman Copy Share Image
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 Image
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 Image
“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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
