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.
![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)
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.