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Quote by Milton Friedman

“The current oil crisis has not been produced by the oil companies. It is a result of governmental mismanagement exacerbated by the Mideast war.”

Quote by Milton Friedman

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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

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“By encouraging men to spy and report on one another, by making it in the private interest of large numbers of citizens to evade the controls, and by making actions illegal that are in the public interest, the controls undermine individual morality.”

MenActionIndividualInterestNumbersCitizensMoralityReportsIllegalSpyLarge NumbersPublic InterestIndividual Morality
Book:An economist's protest: columns in political economy
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“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.”

FormIndividualQualityHarmRelativeConcealedFreezeDiscounts
Book:There's no such thing as a free lunch
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“It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.”

SaidTwoImportantRealGovernmentFormViewsHalfCuttingDollarsBurdenSpendingTaxationDeficitMandatesGovernment Spending
Author:Milton Friedman
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