I don't like criticizing Milton Friedman not only because he is an old friend but because, outside of monetary theory, we are in complete agreement. Our general views on what is desired and what is not are almost identical until we get on to money. But if I told him what I said before, that I very much doubt whether monetary policy has ever done anything good, he would disagree. He personally is convinced that a good monetary policy is a foundation for everything.
Friedrich HayekRelated topics
agreement almost anything done doubt everything friend general good money outside tell Milton FriedmanRelated quotes
Before you, Bella, my life was like a moonless night. Very dark, but there were stars - points of light and reason. ...And then you shot across my sky like a meteor. Suddenly everything was on fire; there was brilliancy, there was beauty. When you were gone, when the meteor had fallen over the horizon, everything went black. Nothing had changed, but my eyes were blinded by the light. I couldn't see the stars anymore. And there was no more reason for anything.
Stephenie Meyer
The flat tax I got on my first meeting with Margaret Thatcher, who I admired very much and who was a great admirer of Milton Friedman. I met her first when I had been prime minister I think for some months and so on, and when I told her what I am planning to do, she looked at me with these big eyes and said "you are one brave young man.” And then a little bit introduced me on the realities of the Western world on which I was not very well informed. But I didn't stop.
Mart Laar
Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in The General Theory of Employment, Interest and Money, set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!
Milton Friedman
To be honest, when you're younger and cooler, you say those sort of things don't mean anything, but then on the day when they pat you on the back and they say, "Look, mate, we're noticing what you're doing-thanks very much;' you think of the people who spent a life in the cinema and didn't receive that kind of accolade, and it's sort of a humbling experience. And it's very nice and all that. But it doesn't change the way I do things.
Russell Crowe
Twenty or thirty years ago, in the army, we had a lot of obscure adventures, and years later we tell them at parties, and suddenly we realize that those two very difficult years of our lives have become lumped together into a few episodes that have lodged in our memory in a standardized form, and are always told in a standardized way, in the same words. But in fact that lump of memories has nothing whatsoever to do with our experience of those two years in the army and what it has made of us.
Václav Havel