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Milton Friedman Quotes: Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above.
         

Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above.


Milton Friedman
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Other quotes of Milton Friedman


A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.



If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.



Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.



You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.



The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.



I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.



The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.



Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.



You cannot simultaneously have free immigration and a welfare state.

You cannot simultaneously have free immigration and a welfare state.



The government solution to a problem is usually as bad as the problem.

The government solution to a problem is usually as bad as the problem.





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the real purpose of socialism is precisely to overcome and advance beyond the predatory phase of human development

the real purpose of socialism is precisely to overcome and advance beyond the predatory phase of human development




As most real writers do, he wrote because he had something to say, not because of any specific ambition to be a writer.

As most real writers do, he wrote because he had something to say, not because of any specific ambition to be a writer.



The best way to secure future happiness is to be as happy as is rightfully possible today.

The best way to secure future happiness is to be as happy as is rightfully possible today.



Good is that which makes for unity. Evil is that which makes for separateness.

Good is that which makes for unity. Evil is that which makes for separateness.



All life is a blur of Republicans and meat.

All life is a blur of Republicans and meat.



Sometimes I steal costumes.

Sometimes I steal costumes.



To me, football is very personal. Even as a kid, I looked at football in dramaturgical terms. It wasn't the score that interested me, it was the struggle.

To me, football is very personal. Even as a kid, I looked at football in dramaturgical terms. It wasn't the score that interested me, it was the struggle.



It's perfectly obvious that somebody's responsible and somebody's innocent. Otherwise it [justice] makes no sense at all.

It's perfectly obvious that somebody's responsible and somebody's innocent. Otherwise it [justice] makes no sense at all.




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This page presents the quote "Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above.". Author of this quote is Milton Friedman. This quote is about may, running, economy, know how,.