Milton Friedman

Economist

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Logical, original, creative thinkers. Can become very excited about theories and ideas. Exceptionally capable and driven to turn theories into clear understandings. Highly value knowledge, competence and logic. Quiet and reserved, hard to get to know well. Individualistic, having no interest in leading or following others.

Discussion

Biography

Milton Friedman was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Wikipedia

Quotes by Milton Friedman

Most of the energy of political work is devoted to correcting the effects of mismanagement of government.

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?

Inflation is taxation without legislation.

The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.

We have a system that increasingly taxes work and subsidizes nonwork.

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

Concentrated power is not rendered harmless by the good intentions of those who create it.

Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.

Governments never learn. Only people learn.

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