Milton Friedman Federal Reserve Quotes & Sayings

You're basically killing each other to see who's got the better imaginary friend. — Richard Jeni

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

I remember being awed by it - the uniqueness and nicety of style - and I suspect I was a bit jealous because we were more or less of the same generation. — George Plimpton

A man that ain't willin' to cheat for a poke don't want it bad enough. — Larry McMurtry

The Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over in 1931 at the latest had it not been that the Federal Reserve followed a policy which led to bank failures, widespread bank failures, and led to a reduction in the quantity of money. — Milton Friedman

Women are really demanding more flexibility in the workplace. Control is the new currency.. Forty-six percent of women want to start their own small businesses. — Celinda Lake

Where would the power of women be, were it not for the vanity of men? — Marie Von Ebner-Eschenbach

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

I don't think there's anybody better than Leonardo DiCaprio, and I've been saying that since before anyone knew who he was. — Michael Keaton

Do what you don't want to do to get what you want to get. — Joyce Meyer

What happened was that for every $100 of money, by which I mean the cash that people keep in their pockets, and the deposits they have in the bank, for every $100 of money that there was in 1929, by 1933 there was only $67. The Federal Reserve allowed the quantity of money to decline by a third. While, at all times, it had the possibilities and the power of preventing that from happening. — Milton Friedman

It is ironic that the Great Depression was produced by government but was blamed on the private enterprise system. The Federal Reserve System explained in its 1933 annual report how much worse things would have been if the Federal Reserve had not behaved so well, yet the Federal Reserve was the chief culprit in making the depression as deep as it was. So the government produced the depression, the private enterprise system got blamed for it, and there was a tremendous change in attitudes. — Milton Friedman

I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results — Milton Friedman