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Milton Friedman Quotes: 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.
         

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.


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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As long as you are ready to pay this price for living in the light (knowledge), the darkness (ignorance) becomes a servant to you.

As long as you are ready to pay this price for living in the light (knowledge), the darkness (ignorance) becomes a servant to you.



What you see is not real. It is a misinterpretation of our false perceptions.

What you see is not real. It is a misinterpretation of our false perceptions.



The Iraqis need help establishing a government. We have to provide them with security.

The Iraqis need help establishing a government. We have to provide them with security.



We dont know Gods plan, but we do know were pretty blessed and God expects us to do something with that.

We dont know Gods plan, but we do know were pretty blessed and God expects us to do something with that.



Im very comfortable with tweeting, I have a very active author Facebook page, I Skype book clubs all over the world.

Im very comfortable with tweeting, I have a very active author Facebook page, I Skype book clubs all over the world.



The men of action are, after all, only the unconscious instruments of the men of thought.

The men of action are, after all, only the unconscious instruments of the men of thought.



I want a house that has got over all its troubles; I don't want to spend the rest of my life bringing up a young and inexperienced house.

I want a house that has got over all its troubles; I don't want to spend the rest of my life bringing up a young and inexperienced house.



Hurry is not just a disordered schedule. Hurry is a disordered heart.

Hurry is not just a disordered schedule. Hurry is a disordered heart.



What is love? As far as I can tell, it is passion, admiration and respect. If you have two, you have enough. If you have all three, you don't have to die to go to heaven.

What is love? As far as I can tell, it is passion, admiration and respect. If you have two, you have enough. If you have all three, you don't have to die to go to heaven.




Quote Description


This page presents the quote "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.". Author of this quote is Milton Friedman. This quote is about circulation, amount, currency, federal reserve, great depression, contracting,.