What central banks can control is a base and one way they can control the base is via manipulating a particular interest… — Milton Friedman Copy Share Image
If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the… — Milton Friedman Copy Share Image
When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate… — Milton Friedman Copy Share Image
The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate,… — Milton Friedman Copy Share Image
The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected… — Milton Friedman Copy Share Image
Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in… — 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
There's only one thing that all of the central banks control and that is the base, their own liability, and they can… — Milton Friedman Copy Share Image
The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a… — Milton Friedman Copy Share Image
It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against… — Milton Friedman Copy Share Image
Italy may well be the main problem. It has benefited most from the euro by having been able to get the euro… — Milton Friedman Copy Share Image
I think it's a scandal what has been happening in the school system so far as lower income classes. The dropout rates,… — Milton Friedman Copy Share Image
Germany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark. — Milton Friedman Copy Share Image
The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest.… — Milton Friedman Copy Share Image
If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange… — 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
