Policy Quotes by Milton Friedman

If you really want to engage in policy activity, don't make that your vocation. Make it your avocation. Get a job. Get…

— Milton Friedman

The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than…

— Milton Friedman

One of the great mistakes is to judge policies and programs by their intentions rather than their results.

— Milton Friedman

If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher…

— Milton Friedman

One of the great mistakes is to judge policies and programs by their intentions, rather than their results. We all know a…

— Milton Friedman

Italy may well be the main problem. It has benefited most from the euro by having been able to get the euro…

— Milton Friedman

I believe the role that people like myself have played in the transformation of public opinion has been by persistently presenting a…

— Milton Friedman

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market…

— Milton Friedman

The Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over…

— Milton Friedman

The countries that have risen and separated out as a result of the collapse of the Soviet Union are, on the whole,…

— Milton Friedman

. . I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in…

— Milton Friedman

World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them…

— Milton Friedman

I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to…

— Milton Friedman

Had drugs been decriminalized, crack would never have been invented and there would today be fewer addicts... The ghettos would not be…

— Milton Friedman

What you have as a result of past policies is that German entrepreneurs go outside of Germany for many of their activities.…

— Milton Friedman

Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on…

— Milton Friedman