Quotessence
Home / Quotes / Quote by Milton Friedman

Quote by Milton Friedman

“To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.”

Quote by Milton Friedman

Author

Milton Friedman
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

“What works for Sweden wouldn't work for France or Germany or Italy. In a small state, you can reach outside for many of your activities. In a homogeneous culture, they are willing to pay higher taxes in order to achieve commonly held goals. But "common goals" are much harder to come by in larger, more heterogeneous populations.”