"Individual price and wage changes will not be……" — Milton Friedman
"Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in discounts, service, and quality, and wage changes, in overtime, perquisites and so on…. But to whatever extent the freeze is enforced, it will do harm by distorting relative prices."
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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 Changes Quotes
This quote is filed under Changes Quotes,
one of 3,436 quotes in that category. Here are a few more:
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Total loyalty is possible only when fidelity is emptied of all concrete content, from which changes of mind might naturally…
— Hannah Arendt
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I feel like obviously the standard for what TV looks like changes all the time.
— J. J. Abrams
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Oh, the most important thing about myself is that my life has been full of changes. Therefore, when I observe…
— Chinua Achebe
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All fiction is about people, unless it's about rabbits pretending to be people. It's all essentially characters in action, which…
— Margaret Atwood
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Communications technology changes possibilities for communication, but that doesn't mean it changes the inherited structure of the brain. So you…
— Margaret Atwood
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London changes because of money. It's real estate. If they can build some offices or expensive apartments they will, it's…
— David Bailey
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Most of us are about as eager to be changed as we were to be born, and go through our…
— James A. Baldwin
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I'm a Buddhist, so one of my biggest beliefs is, 'Everything changes, don't take it personally.'
— Alan Ball
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Everything changes as you get older - your mind, your body, the way you view the world.
— Antonio Banderas
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People who believe they have the power to exercise some measure of control over their lives are healthier, more effective…
— Albert Bandura
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I would like, before I die, to see the changes I've always fought for being made. If not, my life…
— Brigitte Bardot
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But there's actually a lot of punk bands out there that go out of the norm, use odd time signatures,…
— Travis Barker
See all 3,436 Changes Quotes »