--- title: "Meaning & Key Takeaway of: Milton Friedman’s misfortune is that his…" description: "\"Milton Friedman’s misfortune is that his economic policies have been tried.\" — John Kenneth Galbraith" image: "https://sms4smile.com/quotes/i/913/john-kenneth-galbraith-643_economic_milton-friedman-s-misfortune-is-that-his_417054.png" --- # Milton Friedman’s misfortune is that his economic policies… ![“Milton Friedman’s misfortune is that his economic policies have been tried.” quote by John Kenneth Galbraith](https://sms4smile.com/quotes/i/913/john-kenneth-galbraith-643_economic_milton-friedman-s-misfortune-is-that-his_417054.png) [Download](https://sms4smile.com/quotes/i/913/john-kenneth-galbraith-643_economic_milton-friedman-s-misfortune-is-that-his_417054.png) [Open image](https://sms4smile.com/quotes/i/913/john-kenneth-galbraith-643_economic_milton-friedman-s-misfortune-is-that-his_417054.png) > “Milton Friedman’s misfortune is that his economic policies have been tried.” [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The quote suggests that Friedman’s policies have been widely implemented, implying practical testing of his ideas. **In simple terms:** Friedman's ideas have been tried in real life. Key Takeaway Observe outcomes of economic theories. Themes economics policy history Mood critical reflective Type analytical historical When to use this quote - government budgeting - central banking - economic reforms Key Concepts market liberalization monetary theory public policy Questions to Reflect On - What lessons arise from these implementations? - How do outcomes differ across countries? A Different Perspective Implementation does not guarantee success; context matters. ★ ★ ★ ★ ★ No ratings yet [Economic policies](https://sms4smile.com/quotes/about/economic-policies/) [Economics](https://sms4smile.com/quotes/about/economics/) [Misfortunes](https://sms4smile.com/quotes/about/misfortunes/) ## Related quotes > [Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.](https://sms4smile.com/quotes/john-kenneth-galbraith/any-country-that-has-milton-friedman-as-an-adviser-has-nothing-to/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [You want to prove that Milton Friedman is a fascist? It's easy. Quote him.](https://sms4smile.com/quotes/arthur-laffer/you-want-to-prove-that-milton-friedman-is-a-fascist-it-s-easy-quote/) [Arthur Laffer](https://sms4smile.com/quotes/author/arthur-laffer/) > [In terms of companies, they must stand for something bigger. They must be dedicated to something larger than financial results. I reject the Milton…](https://sms4smile.com/quotes/srikumar-rao/in-terms-of-companies-they-must-stand-for-something-bigger-they-must/) [Srikumar Rao](https://sms4smile.com/quotes/author/srikumar-rao/) > [Even as I pursued a doctorate in the history of ideas in my native Denmark, I realized I had neither the encyclopedic training nor…](https://sms4smile.com/quotes/anne-fortier/even-as-i-pursued-a-doctorate-in-the-history-of-ideas-in-my-native/) [Anne Fortier](https://sms4smile.com/quotes/author/anne-fortier/) > [In the early 1970s, Milton Friedman argued that corporations should not be socially responsible because they had no mandate to be; they existed to…](https://sms4smile.com/quotes/robert-reich/in-the-early-1970s-milton-friedman-argued-that-corporations-should/) [Robert Reich](https://sms4smile.com/quotes/author/robert-reich/) > [While no inference is intended here, it is worth noting, in connection with Milton Friedman's comment that "Kelso just turned Marx upside down," that…](https://sms4smile.com/quotes/louis-o-kelso/while-no-inference-is-intended-here-it-is-worth-noting-in-connection/) [Louis O. Kelso](https://sms4smile.com/quotes/author/louis-o-kelso/) > [I took the obligatory economics classes in school, but I've long been a fan of the Milton Friedman philosophy and its libertarian bent: One…](https://sms4smile.com/quotes/charlie-trotter/i-took-the-obligatory-economics-classes-in-school-but-i-ve-long-been/) [Charlie Trotter](https://sms4smile.com/quotes/author/charlie-trotter/) > [Milton Friedman had the grace and good sense to recognize that he wanted to talk to the general public. He wasn't going to just…](https://sms4smile.com/quotes/allan-h-meltzer/milton-friedman-had-the-grace-and-good-sense-to-recognize-that-he/) [Allan H. 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