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I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a very major role in producing the Great Depression.

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
Role
Decline
Universal
Agreement
Roles
Depression
Within
Economics
Money
Profession
Great
Majors
Sharp
Think
Major
Producing
Thinking
Played
Quantity

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A society based on the freedom to choose is better than a society based on the principles of socialism, communism and coercion.
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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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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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The government doesn't have any money. The only power it has is to take from some and give to others.
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The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.
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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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Education spending will be most effective if it relies on parental choice & private initiative -- the building blocks of success throughout our society.
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The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.
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See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.
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The heart of the liberal philosophy is a belief in the dignity of the individual, in his freedom to make the most of his capacities and opportunities according to his own lights.
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What works for Sweden wouldn't work for France or Germany or Italy. In a small state, you can reach outside for many of your activities. In a homogeneous culture, they are willing to pay higher taxes in order to achieve commonly held goals. But common goals are much harder to come by in larger, more heterogeneous populations.
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To the free man, the country is the collection of individuals who compose it, not something over and above them... He recognizes no national goal except as it is the consensus of the goals that the citizens severally serve. He recognizes no national purpose except as it is the consensus of the purposes for which the citizens severally strive.
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The excuse for the destruction of liberty is always the plea of necessary ' that there is no alternative
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Rich people are the experimental ground for every new development. The nature of progress is that what begins as a luxury for the rich becomes a necessity for the poor as it's developed and passed on.
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[T]he burden of government is not measured by how much it taxes, but by how much it spends.
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There's no point in comparing an actual, operating system with an ideal system that doesn't exist.
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Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.
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Statistics do not speak for themselves.
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