“The incredible stability in inflation is really a novel human experience. And the inflation is being the result of money.” Quote by Russ Roberts
“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 lecture to the people who happened to appear in his classroom in Chicago or on some lecture circuit. He went out to talk to the general public, believing that you had to convince a democratic nation to change its ways, and he succeeded to a considerable extent.” PeopleWayBelieveWantedNationsGraceHappenedDemocraticConvinceChicagoClassroomLecturesGood SenseCircuitsGeneral PublicMilton Author:Allan H. Meltzer
“The reason is that Chile is the brightest spot in Latin America. It has very fast growth, low unemployment. It privatized its Social Security system, which we in USA were unable to do.” ReasonAmericaSocialGrowthSecurityLowsSpotsUsaLatinUnemploymentSocial SecurityLatin AmericaChileSecurity Systems Author:Allan H. Meltzer
“The collapse of communism in essence added tens and tens of millions of people to the world labor supply, and the people who were added had previously been getting very low income, but they were not unskilled. Many of them were fairly well educated.” PeopleWorldWellsMillionsLowsLaborEssenceIncomeEducatedCommunismCollapseWell EducatedLow Income Author:Milton Friedman
“China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.” Has BeensRealWholeMovingPoliticalForceDealsRolesEconomyTakenGrowingProgressEconomicMiracleDemocraticChinaRussiaPolitical SystemsDemocratic SocietyEconomic Progress Author:Milton Friedman
“There's no point in comparing an actual, operating system with an ideal system that doesn't exist.” IdealsCompareNo PointOperating Systems Author:Milton Friedman
“Make it your habit not to be critical about small things.” HabitCriticalSmall ThingsCritical Spirit Author:Edward Everett Hale
“Most marriages I've known, and I've been married a long time and I've known a lot of married people - you wonder how they got together. Often they seem to be opposites.” PeopleLongSeemsTogetherKnownWonderMarriedLong TimeOpposites Author:Paul Mazursky
“I've rarely met couples who - they both love to do everything together.” TogetherCoupleMets Author:Paul Mazursky
“My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers geared to provide a steady rate of growth in the quantity of money. Fortunately for me personally, and for a select group of fellow economists, that conclusion has had no practical impact… else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honoured to receive.” Has BeensStudyComputerImpactPracticalsConclusionPrizeAwardsReplacedHonoredNobelMonetaryNobel PrizeSwedenCentral Banks Author:Milton Friedman
“When you're running for president you have to take some risks and you've got to show people something fresh and you've got to stay interesting.” PeopleShowsRunningPresidentInterestingRisk Author:David Brooks