Milton Friedman Quotes About Progress

Quotes about: Progress

• Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in 'The General Theory of Employment, Interest and Money,' set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!

  Milton Friedman

  Beautiful, Mean, Men

  Opinion Journal, July 22, 2006.

• Everywhere, and at all times, economic progress has meant far more to the poor than to the rich.

  Milton Friedman

  Progress, Rich, Economic

• All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.

  Milton Friedman

  Couple, People, Progress

• The fall of the Berlin Wall did more for the progress of freedom than all of the books written by myself or Friedrich Hayek or others.

  Milton Friedman

  Wall, Book, Fall

  Source: www.huffingtonpost.com

• Rich people are the experimental ground for every new development. The nature of progress is that what begins as a luxury for the rich becomes a necessity for the poor as it's developed and passed on.

  Milton Friedman

  Luxury, People, Progress

  Source: www.foxnews.com

• China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.

  Milton Friedman

  Real, Moving, Taken

  Source: www.npr.org

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