With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets. Download Download Share on Facebook Share on Twitter Rotate quotes champion free friedman
Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply. Steve Hanke bankcontrarygreece Change image and share on social
Following Greece's defeat at the hands of Turkey in 1897, Greece's fiscal house was entrusted to a Control Commission. During the 20th century, the drachma was one of the world's worst currencies. It recorded the world's sixth highest hyperinflation. In October 1944, Greece's monthly inflation rate hit 13,800%. Steve Hanke 20thbadcentury share on social
Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments. Steve Hanke adjustmentbalancecontrol share on social
A player cannot become a world champion overnight. To become a champion, a player has to sacrifice a lot and to devote much of his time practising and training. Jahangir Khan championdevotelot Change image and share on social
A free life cannot acquire many possessions, because this is not easy to do without servility to mobs or monarchs. Epicurus acquireeasyfree Change image and share on social
I took the obligatory economics classes in school, but I've long been a fan of the Milton Friedman philosophy and its libertarian bent: One must be free to do what one wants to do, as long as you don't harm another. This is the seminal treatise on free-market economics. Charlie Trotter bendclasseconomics share on social