"Inflation is always and everywhere a monetary phenomenon……" — Milton Friedman
"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."
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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 Everywhere Quotes
This quote is filed under Everywhere Quotes,
one of 2,758 quotes in that category. Here are a few more:
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There is a single light of science, and to brighten it anywhere is to brighten it everywhere.
— Isaac Asimov
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It will, I believe, be everywhere found, that as the clergy are, or are not what they ought to be,…
— Jane Austen
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The industrial revolution has tended to produce everywhere great urban masses that seem to be increasingly careless of ethical standards.
— Irving Babbitt
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I like going everywhere. And I love starting new things.
— Antonio Banderas
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Among Muslims, I think there are some who are very good and some hoodlums, like everywhere.
— Brigitte Bardot
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Violence and smut are of course everywhere on the airwaves. You cannot turn on your television without seeing them, although…
— Dave Barry
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The examples of the Obama Administration 'stimulating' jobs everywhere on the planet except here in America are endless.
— Bob Beauprez
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I'm the artist formally known as Beck. I have a genius wig. When I put that wig on, then the…
— Beck
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Our foreign policy has made a wreck of this planet. I'm always in Africa... And when I go to these…
— Harry Belafonte
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I love just how beautiful Vancouver is. I mean, everywhere you look it's just mountains and ocean.
— Emma Bell
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Excellence is a better teacher than mediocrity. The lessons of the ordinary are everywhere. Truly profound and original insights are…
— Warren G. Bennis
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This veridic nose arrives everywhere a quarter of an hour before its master. Ten shoemakers, good round fat ones too,…
— Cyrano de Bergerac
See all 2,758 Everywhere Quotes »