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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.

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
System
Acted
Free
Influential
Businessman
Purport
Represent
Organisations
Defend
Businessmen
Basic
Undermine
Market
Broader
Foundation
Organisation

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In a bureaucratic system, useless work drives out useful work.
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I would say that in this world, the greatest source of inequality has been special privileges granted by government.
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One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned about how much it is, and I'm not concerned about what I get. And that's government.
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The big issue is whether the United States will succeed in its venture of reshaping the Middle East. It is not clear to me that using military force is the way to do it. We should not have gone into Iraq. But we have.
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The state of our educational system is a disgrace to our country. We have an elementary and secondary school system in which close to half of the youngsters never graduate properly. It's a disgrace that there is more illiteracy today than there was 100 years ago.
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What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.
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The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.
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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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My interest in political philosophy was rather casual until I met Hayek.
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