“I once owned a collection of 77 novels that won the Pulitzer. The only good novel of the bunch was The Grapes of Wrath.” Quote by Larry McMurtry
“I don't do well with changes in my routine. I read at least three newspapers a day, for example. I'm frustrated if for some reason I can't get ahold of all three.” IfsWellsI CanReasonThreeExampleNewspapersRoutineFrustrated Author:Larry McMurtry
“China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.” NeedsCountryAmountDrawsTradeChinaEastFinanceProductiveReservesVolumeAsianAsian Countries Author:Milton Friedman
“If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences.” PeopleIfsDoeGovernmentCoursesNationsDealsPoliticianTaxesPercentConsequenceMethodAvailableIncomeTaxationDeficitDown The RoadBorrowingIndirect Author:Milton Friedman
“The same thing will happen in China that happened in Chile. Political freedom will ultimately break out of its shackles. Tiananmen Square was only the first episode. It is headed for a series of Tiananmen Squares. It cannot continue to develop privately and at the same time maintain its authoritarian character politically. It is headed for a clash. Sooner or later, one or the other will give.” GivingFirstsCharacterHappensPoliticalBreakHappenedSeriesChinaSquaresEpisodesSooner Or LaterClashBreak OutShacklesChilePolitical FreedomTiananmen Square Author: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.” IfsStillsEndsPoliticalSidesGrowthLevelsEconomicLowsChinaEconomic GrowthLow Level Author:Milton Friedman
“Personal freedom has grown greatly within China, and that will provoke ever more points of conflict between the individual and state.” StatesIndividualConflictChinaProvokingPersonal Freedom Author: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.” IfsWayPathSticksChinaOptimisticChineseAgreementHong Kong Author:Milton Friedman
“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.” MovingIndividualPerfectCompanyInformationInternetDemandSellsBordersJurisdictionSupply 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?” IfsShouldI CanCompanyPossibilityInternetTaxesEnglandJapanShould ITaxationBrazil Author:Milton Friedman
“The Internet is the most effective instrument we have for globalization.” InternetInstrumentsGlobalization Author:Milton Friedman