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Quote by Milton Friedman

“If China don't free up the political side, its economic growth will come to an end - while it is still at a very low level.”

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

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“Personal freedom has grown greatly within China, and that will provoke ever more points of conflict between the individual and state.”

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“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.”

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“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.”

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“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

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

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“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.”

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“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.”

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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.”

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

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Author:Milton Friedman

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

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Author:Milton Friedman