"I know of no severe depression, in any……" — Milton Friedman
"I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression."
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Milton Friedman
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195 Quotes by Milton Friedman
Milton Friedman has 195 quotes on this site.
A few more worth reading:
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When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly…
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Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of…
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My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving…
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Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself…
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Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or…
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Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force…
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The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society…
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The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people,…
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Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use…
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Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they…
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The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of…
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A society based on the freedom to choose is better than a society based on the principles of socialism, communism…
See all 195 quotes by Milton Friedman »
More Accompanied Quotes
This quote is filed under Accompanied Quotes,
one of 259 quotes in that category. Here are a few more:
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Any change, even a change for the better, is always accompanied by drawbacks and discomforts.
— Arnold Bennett
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All too often arrogance accompanies strength, and we must never assume that justice is on the side of the strong.…
— Theodore Bikel
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'Passione' is a selection of the music moments that have accompanied my youth; a collection of cherished memories, of moments,…
— Andrea Bocelli
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For centuries the death penalty, often accompanied by barbarous refinements, has been trying to hold crime in check; yet crime…
— Albert Camus
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Each concession we make is accompanied by an inner diminution of which we are not immediately conscious.
— Emile M. Cioran
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Reconciliation should be accompanied by justice, otherwise it will not last. While we all hope for peace it shouldn't be…
— Corazon Aquino
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Hardships can deprive mortals of the power to ACT. But at the same time, hardships can be the means of…
— Dallin H. Oaks
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Sincerity is the same in a corner alone, as it is before the face of the world. It knows not…
— John Bunyan
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Charity is an ugly trick. It is a virtue grown by the rich on the graves of the poor. Unless…
— Rebecca West
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When love is accompanied with deep intimacy, it raises us to the highest level of human experience. In this exalted…
— Leo Buscaglia
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EMOTION, n. A prostrating disease caused by a determination of the heart to the head. It is sometimes accompanied by…
— Ambrose Bierce
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Knowledge is always accompanied with accessories of emotion and purpose.
— Alfred North Whitehead
See all 259 Accompanied Quotes »