When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.
Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive.
![When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.](http://cdn.quoteddaily.com/images/paul-samuelson/when-the-economy-was-going-up-milton-friedman-and-i-both-gave-the-same-advice-and-when-the-economy-was.jpg)
