Famous Milton Friedman Quotes & Sayings

Similarly, Alexis de Tocqueville, the famous French political philosopher and sociologist, in his classic Democracy in America, written after a lengthy visit in the 1830s, saw equality, not majority rule, as the outstanding characteristic of America. "In America," he wrote, the aristocratic element has always been feeble from its birth; and if at the present day it is not actually destroyed, it is at any rate so completely disabled, that we can scarcely assign to it any degree of influence on the course of affairs. The — Milton Friedman

Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment ... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree. — Franco Modigliani

I have been enormously impressed by the role that pure chance plays in determining our life history. I was reminded of some famous lines of Robert Frost:
Two roads diverged in a yellow wood,
And sorry I could not travel both
I took the one less travled by,
And that has made all the difference.
As I recalled my own experience and development, I was impressed by the series of lucky accidents that determined the road I traveled.
> From "Lives of the Laureates" pg.67 — Milton Friedman

A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money. — Ben Bernanke

Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output. — Niall Ferguson