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Since the 1930s the technique of buying votes with the voters' own money has been expanded to an extent undreamed of by earlier politicians.

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
Technique
Undreamed
Politician
Expanded
Vote
Votes
Since
Earlier
Politics
Voters
Money
Extent
Politicians
Buying

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Germany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.
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Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.
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Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.
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How do you hold down government spending?
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The great achievements of civilization have not come from government bureaus.
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When you start paying people to be poor, you wind up with an awful lot of poor people.
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Inflation is taxation without legislation.
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Our emphasis here is based not only on the growing seriousness of drug-related crimes, but also on the belief that relieving our police and our courts from having to fight losing battles against drug use will enable their energies and facilities to be devoted more fully to combating other forms of crime.
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It all would have been much better if individuals saved for their own old age.
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The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
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The broader and more influential organisations of businessmen have acted to undermine the basic foundation of the free market system they purport to represent and defend.
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The use of quantity of money as a target has not been a success. I'm not sure that I would as of today push it as hard as I once did.
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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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The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can't do that.
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The big problem for a democratic government - democrat with a small d - is how to hold down government spending.
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Complete free trade is not politically feasible. Why? Because it's only in the general interest and in no one's special interest.
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No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve, yet so high a public reputation.
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The long-range sloution to high unemployment is to increase the incentive for ordinary people to save, invest, work, and employ others. We make it costly for employers to employ people we subsidize people not to go to work We have a system that increasingly taxes work and subsidizes nonwork.
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The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.
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Is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?
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