“The price system transmits only the important information and only to the people who need to know.”

Source: Free to Choose (1980), Ch. 1 "The Power of the Market", 15

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The price system transmits only the important information and only to the people who need to know." by Milton Friedman?

Milton Friedman158

American economist, statistician, and writer 1912–2006

Herbert Schiller (1919–2000) American media critic

Source: Living In The Number One Country (2000), Chapter Two, Visions Of Global Electronic Mastery, p. 85

“People will resist information unless the price of not knowing it greatly exceeds the price of learning it.”

Calvin Mooers (1919–1994) American computer scientist

Attributed to Mooers (1959) in Eugene Garfield (1997) "A Tribute To Calvin N. Mooers, A Pioneer Of Information Retrieval." The Scientist, Vol:11, #6, p. 9, March 17, 1997

“Profits and prices are the street signs of the economy. Only fools flout them. The much–maligned price system works not only to secure supply but to conserve.”

Ilana Mercer South African writer

"The Goods on Gas," http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=7 WorldNetDaily.com, July 13, 2008. <br class="br">2000s, 2008

“One of the best ways of enslaving a people is to keep them from education… The second way of enslaving a people is to suppress the sources of information, not only by burning books but by controlling all the other ways in which ideas are transmitted.”

Eleanor Roosevelt My Day

11 May 1943
My Day (1935–1962)

“Only people who die very young learn all they really need to know in kindergarten.”

Wendy Kaminer (1949) American lawyer

Comment about the title of Robert Fulghum's famous book, in I'm Dysfunctional, You're Dysfunctional : The Recovery Movement and Other Self-Help Fashions (1992), Introduction, p. 7