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Change Quote by Milton Friedman

“You never have real changes unless you have a time of crisis.” quote by Milton Friedman
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“You never have real changes unless you have a time of crisis.”

Milton Friedman

About This Quote

Source Speech: “The Role of Crisis in Economic Change”, 1975

States that genuine change only occurs during crises.

In simple terms: Real change needs a crisis.

Key Takeaway

Leverage crises to drive reform.

Themes

economics change crisis

Mood

analytical inspirational

Type

economic political

When to use this quote

  • policy making
  • business strategy
  • social movements

Key Concepts

political economy reform theory

Questions to Reflect On

  • What crises have spurred positive change?
  • How can we prepare for inevitable crises?
A Different Perspective

Crises can cause harm if mismanaged.

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