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.
Milton Friedman
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More quotes by Milton Friedman
- The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.
- The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
- I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
- Inflation is taxation without legislation.
- Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence.