“Over the period covered by these data, a drastic change has occurred in the responsibilities undertaken by the state to provide assistance to the aged, unemployed and otherwise dependent. This change has had divergent results on the particular data under discussion. The availability of assistance from the state would clearly tend to reduce the need for private reserves and so to reduce private saving—it is equivalent, in terms of our hypothesis, to a reduction in the variance of transitory components.”

— Milton Friedman

A Theory of the Consumption Function (1957)

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Milton Friedman 158

American economist, statistician, and writer 1912–2006

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Variant: It is not the years in your life but the life in your years that counts.
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This has also been paraphrased "What matters most is not the years in your life, but the life in your years" and misattributed to Abraham Lincoln and Mae West
Context: All progress has resulted from people who took unpopular positions. All change is the result of a change in the contemporary state of mind. Don't be afraid of being out of tune with your environment, and above all pray God that you are not afraid to live, to live hard and fast. To my way of thinking it is not the years in your life but the life in your years that count in the long run. You'll have more fun, you'll do more and you'll get more, you'll give more satisfaction the more you know, the more you have worked, and the more you have lived. For yours is a great adventure at a stirring time in the annals of men.

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Benito Mussolini (1883–1945) Duce and President of the Council of Ministers of Italy. Leader of the National Fascist Party and subsequen…

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“Data is transformed into graphics to understand. A map, a diagram are documents to be interrogated. But understanding means integrating all of the data. In order to do this it’s necessary to reduce it to a small number of elementary data. This is the objective of the “data treatment” be it graphic or mathematic.”

Jacques Bertin (1918–2010) French geographer and cartographer

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Milton Friedman 158

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