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Milton Friedman Quotes about Country

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Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.

Milton Friedman
Country, Perfect, Heaven
"The Counter-Revolution in Monetary Theory". Book by Milton Friedman, June 1, 1970.

To the free man, the country is the collection of individuals who compose it, not something over and above them. He is proud of a common heritage and loyal to common traditions. But he regards government as a means, an instrumentality, neither a grantor of favors and gifts, nor a master or god to be blindly worshipped and served.

Milton Friedman
Country, Mean, Men
"Capitalism and Freedom". Book by Milton Friedman, 1962.

A free man will ask neither what his country can do for him nor what he can do for his country.

Milton Friedman
Country, Men, Can Do
Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.2, University of Chicago Press

Political leaders in capitalist countries who cheer the collapse of socialism in other countries continue to favor socialist solutions in their own. They know the words, but they have not learned the tune.

Milton Friedman
Country, Cheer, Leader
Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.9, Houghton Mifflin Harcourt

The state of our educational system is a disgrace to our country. We have an elementary and secondary school system in which close to half of the youngsters never graduate properly. It's a disgrace that there is more illiteracy today than there was 100 years ago.

Milton Friedman
Country, Educational, School
Source: www.foxnews.com

To the free man, the country is the collection of individuals who compose it, not something over and above them... He recognizes no national goal except as it is the consensus of the goals that the citizens severally serve. He recognizes no national purpose except as it is the consensus of the purposes for which the citizens severally strive.

Milton Friedman
Country, Men, Goal
"Capitalism and Freedom". Book by Milton Friedman, 1962.

The free man will ask neither what his country can do for him nor what he can do for his country. He will ask rather 'What can I and my compatriots do through government' to help us discharge our individual responsibilities, to achieve our several goals and purposes, and above all, to protect our freedom?

Milton Friedman
Country, Responsibility, Men
Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.2, University of Chicago Press

Look, for example, at the obvious, immediate, practical example of illegal Mexican immigration. Now, that Mexican immigration, over the border, is a good thing. It's a good thing for the illegal immigrants. It's a good thing for the United States. It's a good thing for the citizens of the country. But, it's only good so long as its illegal....

Milton Friedman
Country, Long, Mexican
"Illegal Immigration: A Feature, Not A Bug, Said Milton Friedman" by Brian Doherty, reason.com. May 11, 2011.

World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them to have different patterns, different policies for ecology, labor standards, and so forth.

Milton Friedman
Country, Differences, Different
Source: rightwingnews.com

You had a flood of immigrants, millions of them, coming to this country. What brought them here? It was the hope for a better life for them and their children. And, in the main, they succeeded. It is hard to find any century in history, in which so large a number of people experience so great an improvement in the conditions of their life, in the opportunities open to them, as in the period of the 19th and early 20th century.

Milton Friedman
Country, Children, Opportunity

If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. If it's an unattractive place, it will have a relatively low exchange rate. Those are the fundamentals that determine the exchange rate in a floating exchange rate system.

Milton Friedman
Country, Floating, Fundamentals

. . I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek's The Road to Serfdom.

Milton Friedman
Country, Thinking, Ideas

That's an interesting paradox to think about. Make it legal and it's no good. Why? Because as long as it's illegal the people who come in do not qualify for welfare, they don't qualify for social security, they don't qualify for the other myriad of benefits that we pour out from our left pocket to our right pocket. So long as they don't qualify they migrate to jobs. They take jobs that most residents of this country are unwilling to take. They provide employers with the kind of workers that they cannot get. They're hard workers, they're good workers, and they are clearly better off.

Milton Friedman
Country, Jobs, Hard Work
"Illegal Immigration: A Feature, Not A Bug, Said Milton Friedman" by Brian Doherty, reason.com. May 11, 2011.

China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.

Milton Friedman
Country, Asian, East
Source: www.huffingtonpost.com

To the free man, the country is the collection of individuals who compose it, not something over and above them.

Milton Friedman
Country, Men, Individual
Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.1, University of Chicago Press

The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of the country.

Milton Friedman
Country, Mistake, Men
Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.50, University of Chicago Press

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.

Milton Friedman
Country, Decline, Knows
Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.50, University of Chicago Press

The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.

Milton Friedman
Country, Cutting, Floating
Source: 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
Source: www.huffingtonpost.com

On aging societies, there is no reason why a country that has a lot of old people can't be prosperous if, during their working lives, individuals provide for their retirement.

Milton Friedman
Country, Retirement, People
Source: www.huffingtonpost.com

It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability. Nobody is afraid that the money they place in the US is at risk of expropriation or of in some other way being taken away. For this safety, the wealth holders of the world are willing to accept a lower rate of return.

Milton Friedman
Country, Taken, People
Source: www.huffingtonpost.com

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