Latest Milton Friedman Quotes from Interviews

• You never can cure poverty. Poverty is in the eye of the beholder.

  Milton Friedman

  Eye, Poverty, Beholder

  Fuente: www.pbs.org

• Creo que es un escándalo lo que ha estado sucediendo en el sistema escolar en lo que respecta a las clases de menores ingresos. Las tasas de abandono escolar, la tasa de analfabetismo, ya sabes la alfabetización en los Estados Unidos era mucho mayor en 1890 de lo que es ahora.

  Milton Friedman

  School, Thinking, Class

  Fuente: www.pbs.org

• There is no good way of measuring poverty.

  Milton Friedman

  Way, Poverty, Measuring

  Fuente: www.pbs.org

• I think in some ways it would make more sense to have as a poverty level a relative concept and say, the level of poverty is that level of income or that level of consumption below which 10 percent of the people now are.

  Milton Friedman

  Thinking, People, Income

  Fuente: www.pbs.org

• We measure poverty by what I believe is a very, very crude concept. We actually measure poverty by trying to get some kind of an estimate of the minimum expenditures on food that are required to maintain health, multiplying that number by three, and saying that's the level of poverty. And it's a very crude, inaccurate arrangement.

  Milton Friedman

  Believe, Numbers, Trying

  Fuente: www.pbs.org

• I believe that the monetary stability is an absolutely critical element in the satisfactory operation of a system.

  Milton Friedman

  Believe, Elements, Operations

  Fuente: www.pbs.org

• A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy.

  Milton Friedman

  Running, Needs, Complicated

  Fuente: www.pbs.org

• The fall of the Berlin Wall really demonstrated beyond the shadow of a doubt that there was a bad system, and what subsequently happened in the Soviet Union, that that system was a failure.

  Milton Friedman

  Wall, Fall, Doubt

  Fuente: www.pbs.org

• If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.

  Milton Friedman

  Would Be, Unemployment, Use

  Fuente: www.pbs.org

• When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought through, and are made effective.

  Milton Friedman

  Ideas, Floating, Times Of Crisis

  Fuente: www.pbs.org

• Creo que el papel que personas como yo hemos desempeñado en la transformación de la opinión pública ha sido el de presentar persistentemente un punto de vista diferente, un punto de vista que subraya la importancia de los mercados privados, de la libertad individual, y el efecto distorsionador de la política gubernamental.

  Milton Friedman

  Estrés, Creer, Opiniones

  Fuente: www.pbs.org

• You never have real changes unless you have a time of crisis.

  Milton Friedman

  Real, Times Of Crisis, Crisis

  Fuente: www.pbs.org

• The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.

  Milton Friedman

  United States, Great Depression, Made

  Fuente: www.pbs.org

• 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

  Mean, People, Pockets

  Fuente: www.pbs.org

• I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a very major role in producing the Great Depression.

  Milton Friedman

  Thinking, Agreement, Roles

  Fuente: www.pbs.org

• El mercado de valores se desplomó en octubre de 1929. Pero esa no fue la causa de la Gran Depresión. En mi opinión, fue un elemento muy secundario. Lo que sucedió fue que de 1929 a 1933 hubo una contracción importante que, en mi opinión, fue causada principalmente por el fracaso del Sistema de la Reserva Federal, para seguir el curso de acción para el que fue creado. Fue creado para prevenir exactamente lo que sucedió de 1929 a 1933. Pero en lugar de prevenirlo, lo facilitaron.

  Milton Friedman

  Elementos, octubre, causas

  Fuente: www.pbs.org

• La Depresión, que comenzó en 1929, fue bastante leve entre 1929 y 1930. Y, de hecho, en mi opinión habría terminado en 1931 a más tardar si no hubiera sido porque la Reserva Federal siguió una política que condujo a quiebras bancarias, quiebras bancarias generalizadas, y condujo a una reducción de la cantidad de dinero.

  Milton Friedman

  Opinión, Reducción, Reserva Federal

  Fuente: www.pbs.org

• The facts never speak for themselves. They have to be interpreted in terms of some understanding of where they come from and what the relation between them is.

  Milton Friedman

  Understanding, Facts, Speak

  Fuente: www.pbs.org

• Statistics do not speak for themselves.

  Milton Friedman

  Statistics, Speak

  Fuente: www.pbs.org

• There is no person, no theorist so reckless as he who says that the facts speak for themselves.

  Milton Friedman

  Hechos, Hablar, Imprudente

  Fuente: www.pbs.org

• Americans know very little about social statistics, but I am not sure that it's important that Americans know about social statistics.

  Milton Friedman

  Important, Littles, Statistics

  Fuente: www.pbs.org

• If instead of looking at income, you look at levels of consumption, if anything that's become more equal. The fraction of families that have a dishwasher, that have a sewing machine, that have a television set. In respect to consumption, it's very hard to avoid the view that people have been getting more equal rather than more unequal.

  Milton Friedman

  Views, People, Income

  Fuente: www.pbs.org

• Reality ensures that the end of history will never come.

  Milton Friedman

  Reality, Ends

  Fuente: www.huffingtonpost.com

• The countries that have risen and separated out as a result of the collapse of the Soviet Union are, on the whole, following freer economic policies. Most of these states have freer government and less restrictions on trade.

  Milton Friedman

  Country, Government, Unions

  Fuente: www.huffingtonpost.com

• We had much freer trade in the 19th century. We have much less globalization now than we did then.

  Milton Friedman

  Globalization, Century, Trade

  Fuente: www.huffingtonpost.com

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