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Milton Friedman Quotes: When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.
         

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.


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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It doesn't cost anything to be a good person, but yet there are toxic people around us that will try to tax our lives.

It doesn't cost anything to be a good person, but yet there are toxic people around us that will try to tax our lives.



He had a bad feeling that there was literally no one he could think of who wasn't in some very significant way a let-down.

He had a bad feeling that there was literally no one he could think of who wasn't in some very significant way a let-down.



I go to the gym five days a week and I have a personal trainer. I am on a strict diet, which is kind of hard to keep up with on the road, but I stick to it as well as I can.

I go to the gym five days a week and I have a personal trainer. I am on a strict diet, which is kind of hard to keep up with on the road, but I stick to it as well as I can.



I try to write my own music. It's a good way of de-stressing.

I try to write my own music. It's a good way of de-stressing.



Look at the chaos of European history. Europeans cannot believe in certainty. But Americans believe in certainty. Americans think this can go on like this forever. Just as it is. No change.

Look at the chaos of European history. Europeans cannot believe in certainty. But Americans believe in certainty. Americans think this can go on like this forever. Just as it is. No change.



I endeavor to trigger positive, empowering, life-giving emotion - I believe art is that powerful.

I endeavor to trigger positive, empowering, life-giving emotion - I believe art is that powerful.



Get a day job, make your money from that, and write to please yourself.

Get a day job, make your money from that, and write to please yourself.



You have to do real acting, not just do a voice.

You have to do real acting, not just do a voice.



Romance is when after two people have gone through thick and thin together, and have confirmed to become a love that will never change no matter what happens.

Romance is when after two people have gone through thick and thin together, and have confirmed to become a love that will never change no matter what happens.



What we have learned from other becomes our own reflection.

What we have learned from other becomes our own reflection.




Quote Description


This page presents the quote "When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.". Author of this quote is Milton Friedman. This quote is about money, interest, target, interest rate, instruments,.