Quote by Milton Friedman
The Great Depression, like most other periods of severe unemployme

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. – Milton Friedman

Other quotes by Milton Friedman

So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system. – Milton Friedman

Category:
Government
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The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes. – Milton Friedman

Category:
Government
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Most of the energy of political work is devoted to correcting the effects of mismanagement of government. – Milton Friedman

Category:
Government
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Other Quotes from
Government
category

As President Bush has said on numerous occasions, it is the governments role to create the conditions, the friendly environment, that will attract capital. – Donald Evans

Category:
Government

The death of democracy is not likely to be an assassination from ambush. It will be a slow extinction from apathy, indifference, and undernourishment. – Robert M. Hutchins, Great Books, 1954

Category:
Government

Governments never learn. Only people learn. – Milton Friedman

Category:
Government

The way people in democracies think of the government as something different from themselves is a real handicap. And, of course, sometimes the government confirms their opinion. – Lewis Mumford, in Anne Chisholm, Philosophers of the Earth: Conversations with E

Category:
Government

Random Quotes

Brands must empower their community to be change agents in their own right. To that end, they need to take on a mentoring role. This means the brand provides the tools, techniques and strategies for their customers to become more effective marketers in achieving their own goals. – Simon Mainwaring

Category:
Change

Sometimes you learn more from failure than you do from success, and in some ways its better to have failure at the beginning of your career, or your life. – Michael Crawford

Category:
Failure

Prime Minister Sharon, Prime Minister Abbas, I urge you today to end the designs of those who seek destruction, annihilation and occupation, and I urge you to have the will and the courage to begin to realize our dreams of peace, prosperity and coexistence. – King Abdullah II

Category:
Courage

No nation ever had an army large enough to guarantee it against attack in time of peace, or ensure it of victory in time of war. – Calvin Coolidge

Category:
Peace