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Milton Friedman Quotes: 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.
         

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.


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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Communication is a skill that you can learn. It's like riding a bicycle or typing. If you're willing to work at it, you can rapidly improve the quality of very part of your life.

Communication is a skill that you can learn. It's like riding a bicycle or typing. If you're willing to work at it, you can rapidly improve the quality of very part of your life.



Imperfection doesn’t disqualify you from helping others -- it makes you more qualified to give advice in the area you learned from.

Imperfection doesn’t disqualify you from helping others -- it makes you more qualified to give advice in the area you learned from.



Food that's served at the table in a paper parcel always creates a remarkable culinary moment when opened, because the package is full of aromatic steam from the lightly cooked ingredients inside.

Food that's served at the table in a paper parcel always creates a remarkable culinary moment when opened, because the package is full of aromatic steam from the lightly cooked ingredients inside.



We forget that despite the superficial differences between us, people are equal in their basic wish for peace and happiness.

We forget that despite the superficial differences between us, people are equal in their basic wish for peace and happiness.



All that a Pulitzer really does is give the obit writers something to put between the commas after your name.

All that a Pulitzer really does is give the obit writers something to put between the commas after your name.



[Heraclitus speaks as if] in entrancement ... but [also] truthfully.

[Heraclitus speaks as if] in entrancement ... but [also] truthfully.



We must repay goodness and wickedness: but why exactly to the person who has done us a good or a wicked turn?

We must repay goodness and wickedness: but why exactly to the person who has done us a good or a wicked turn?



I say what's in my heart, and I do it in my concerts.

I say what's in my heart, and I do it in my concerts.



Investors will sort of like write the check and then, despite a lot of promises, don't usually do that much; sometimes they do.

Investors will sort of like write the check and then, despite a lot of promises, don't usually do that much; sometimes they do.




Quote Description


This page presents the quote "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.". Author of this quote is Milton Friedman. This quote is about long, poor, reputation, federal reserve, records,.