Home / Quotes / Quote by Milton Friedman

Quote by Milton Friedman

“Hong Kong is the bellwether. If the Chinese stick to their agreement to let Hong Kong go its own path, then China will also go that way. If they don't, that is a very bad sign. I'm optimistic.”

Quote by Milton Friedman

Author

Milton Friedman

Milton Friedman was a renowned economist known for his contributions to the field of free-market economics. His research in monetary economics, consumer behavior, and tax policy has had a profound impact. more

You May Also Like

“The Internet moves us closer to "perfect information" on markets. Individuals and companies alike can buy and sell across borders and jurisdictions wherever they find the best match of supply and demand.”

Moving Individual Perfect Company Information Internet Demand Sells Borders Jurisdiction Supply And Demand

Author:Milton Friedman

“Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or Brazil with a lower tax?”

Ifs Should I Can Company Possibility Internet Taxes England Japan Should I Taxation Brazil

Author:Milton Friedman

“The Internet is the most effective instrument we have for globalization.”

Internet Instruments Globalization

Author:Milton Friedman

“Socialism, in the traditional sense, meant government ownership and operation of the means of production. Outside of North Korea and a couple of other spots, no one in the world today would define socialism that way. That will never come back.”

World Way Mean Government Today Couple Productions Socialism Traditional Spots Operations Ownership Korea North Korea World Today

Author:Milton Friedman

“The fall of the Berlin Wall did more for the progress of freedom than all of the books written by myself or Friedrich Hayek or others.”

Book Fall Progress Written Wall Berlin Berlin Wall Hayek Friedrich Hayek

Author:Milton Friedman

“The only reason free markets have a ghost of a chance is that they are so much more efficient than any other form of organization.”

Reason Form Chance Organization Ghost Efficient Free Market Chances Are

Author:Milton Friedman

“When something goes wrong, the natural tendency is to say, "By God, we need to pass a law and do something."”

Needs Law Natural Tendencies

Author:Milton Friedman

“When you argue for free markets, you are arguing against the trend.”

Arguing Trends Free Market

Author:Milton Friedman

“The argument for the free market is a complicated and sophisticated one and depends on demonstration of secondary effects. I have confidence market efficiency will win out.”

Winning Effects Depends Argument Complicated Sophisticated Efficiency Free Market Demonstration Have Confidence Market Efficiency

Author:Milton Friedman

“On aging societies, there is no reason why a country that has a lot of old people can't be prosperous if, during their working lives, individuals provide for their retirement.”

People Ifs Country Reason Individual Aging Reason Why No Reason Retirement Old People Prosperous Working Life

Author:Milton Friedman