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Inflation is always and everywhere a monetary phenomenon.

Milton Friedman

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Milton Friedman
Age: 94 †
Born: 1912
Born: July 31
Died: 2006
Died: November 16
Economist
Essayist
Statistician
University Teacher
Writer
Brooklyn
New York
Milton Fridman
Phenomenon
Economics
Everywhere
Always
Monetary
Economist
Inflation

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If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.
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Not all schooling is education nor all education, schooling.
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I think that nothing is so important for freedom as recognizing in the law each individual’s natural right to property, and giving individuals a sense that they own something that they’re responsible for, that they have control over, and that they can dispose of.
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There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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How can thinking people believe that a government that cannot deliver the mail can deliver gas better than Exxon, Mobil, Texaco, Gulf, and the rest?
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When a private enterprise fails, it is closed down when a government enterprise fails, it is expanded. Isn't that exactly what's been happening with drugs?
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If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. If it's an unattractive place, it will have a relatively low exchange rate. Those are the fundamentals that determine the exchange rate in a floating exchange rate system.
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The invisible hand in politics operates in the opposite direction to the invisible hand in the market.
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To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.
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We had much freer trade in the 19th century. We have much less globalization now than we did then.
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I am a limited-government libertarian.
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The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.
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It's a moral problem that the government is making into criminals people, who may be doing something you and I don't approve of, but who are doing something that hurts nobody else.
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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.
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One man's opportunism is another man's statesmanship.
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The price works so well, so efficiently, that we are not aware of it most of the time.
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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.
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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
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We measure poverty by what I believe is a very, very crude concept. We actually measure poverty by trying to get some kind of an estimate of the minimum expenditures on food that are required to maintain health, multiplying that number by three, and saying that's the level of poverty. And it's a very crude, inaccurate arrangement.
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