Quotes About Friedman

I was so high, I needed a stepladder to scratch my own ass.

In 1976 Friedman suffered a crippling intellectual trauma that for the rest of his life seriously affected his thinking. The king of Sweden awarded him a Nobel Prize for economic science, specifically for his errors—his monetary theory and his permanent income hypothesis.

I cannot understand how something as ubiquitous as war can simply be dismissed as pathological. It is not clear to me that it is an unspeakable evil. If it is, I need proof of it.

Como decía Milton Friedman, la inflación es un fenómeno monetario. Pero la hiperinflación es siempre y en todas partes un fenómeno político, en el sentido de que no puede producirse sin una disfunción fundamental de la economía política de un país.

What Mr. Friedman is suggesting is that if we don't drain the swamp where the rats are breeding, it won't really matter how many of these rats we kill; they will continue to leave the swamp and migrate to our cities in numbers that are legion.

all the nomad tribes would be slain, though he would be sure to call it a "cleansing.

Economists have a term for these costs—a less reassuring one than Friedman's "neighborhood effects." They are "negative externalities": negative because they aren't beneficial and external because they fall outside the market system. Those who find this hard to accept attack the messenger, which is science.