“In the last decade or two there has grown up in this country, principally under the leadership of Professor Milton Friedman, a school calling itself the Monetarists. The leaders sometimes sum up their doctrine in the phrase: "Money matters," and even sometimes in the phrase: "Money matters most."”

Where the Monetarists Go Wrong (1976)

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 "In the last decade or two there has grown up in this country, principally under the leadership of Professor Milton Frie…" by Henry Hazlitt?

Henry Hazlitt16

American journalist 1894–1993

Related quotes

“I summed up all systems in a phrase, and all existence in an epigram.”

Oscar Wilde (1854–1900) Irish writer and poet

Written in a letter from Reading Prison to Lord Alfred Douglas in early 1897

“Acronym for "There Ain't No Such Thing As A Free Lunch." The origin of this phrase is often misattributed to Heinlein or Milton Friedman, but it actually dates back to at least the 1930s. Heinlein's contribution was to make the acronym for it.”

Robert A. Heinlein book The Moon Is a Harsh Mistress

The Moon Is a Harsh Mistress (1966)

“Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

on Friedman's advising of the Israeli government, "The Private Man and the Public Life; Interview With Galbraith", The Washington Post (26 April 1981)

“Philosophers and aestheticians may offer elegant and profound definitions of art and beauty, but for the painter they are all summed up in this phrase: To create a harmony”

Gino Severini (1883–1966) Italian painter

Quoted in: Clint Brown (1998) Artist to Artist, p. 32

“Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

Ronald Reagan (1911–2004) American politician, 40th president of the United States (in office from 1981 to 1989)

Remarks to the White House Conference on Small Business http://www.reagan.utexas.edu/archives/speeches/1986/081586e.htm (15 August 1986) <br class="br">1980s, Second term of office (1985–1989)

“I can sum up all the arguments used against Joseph Smith and "Mormonism” in a very few words, the merits of which will be found in "OLD JOE SMITH. IMPOSTOR, MONEY DIGGER. OLD JOE SMITH. SPIRITUAL WIFE DOCTRINE. IMPOSTURE. THE DOCTRINE IS FALSE. MONEY DIGGER. FALSE PROPHET. DELUSION. SPIRITUAL WIFE DOCTRINE. Oh, my dear brethren and sisters, keep away from them, for the sake of your never dying souls. FALSE PROPHETS THAT SHOULD COME IN THE LAST DAYS. OLD JOE SMITH. ANTI-CHRIST. MONEY DIGGER, MONEY DIGGER, MONEY DIGGER. And the whole is wound up with an appeal, not to the good sense of the people, but to their unnatural feelings, in a canting, hypocritical tone, and there it ends.”

Brigham Young (1801–1877) Latter Day Saint movement leader

Journal of Discourses (1854), ed. G. D. Watt, Vol. 1, pp. 109–110 ( scanned image http://contentdm.lib.byu.edu/cgi-bin/docviewer.exe?CISOROOT=/JournalOfDiscourses3&CISOPTR=9599)<br>Young’s comments regarding criticism of Joseph Smith, Jr. and Mormonism. <br class="br">1850s

“When you grow up in the Soviet society under the communists you heard about the one man who is especially dangerous, especially crazy, and absolutely mad, and which would destroy all the human beings and the economies and so on, and this man was called Milton Friedman.”

Mart Laar (1960) Estonian politician and historian

Interview with Stephen J. Dubner, for 'Freakonomics Radio' podcast (24 March 2010)

“He has a remarkable ear for intonation, a great sense of rhythm and what is most important, he has great style - style in my way of thinking is a matter of delivery, phrasing, pace, emphasis, and most of all presence.”

Fred Astaire (1899–1987) American dancer, singer, actor, choreographer and television presenter

Bing Crosby in Crosby, Bing. Liner notes for Attitude Dancing, United Artists Records, UAS29888, 1975. (M).

“The term 'capital' has two quite different meanings in economics: a sum of money, and a collection of machinery.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 6, The Holy War Over Capital, p. 130

“But this brings us to what I consider the fatal flaw in the monetarist prescriptions. If the leader of the school cannot make up his own mind regarding what the most desirable rate of monetary increase should be, what does he expect to happen when the decision is put in the hands of the politicians? … The fatal flaw in the monetarist prescription, in brief, is that it postulates that money should consist of irredeemable paper notes and that the final power of determining how many of these are issued should be placed in the hands of the government—that is, in the hands of the politicians in office. The assumption that these politicians could be trusted to act responsibly, particularly for any prolonged period, seems incredibly naive. The real problem today is the opposite of what the monetarists suggest. It is how to get the arbitrary power over the stock of money out of the hands of the government, out of the hands of the politicians.”

Henry Hazlitt (1894–1993) American journalist

Where the Monetarists Go Wrong (1976)

Help us to complete the source, original and additional information

Henry Hazlitt16

Related quotes

Related topics