Milton Friedman Quotes About Wealth

Quotes about: Wealth

• The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

  Milton Friedman

  Party, Believe, Simple

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.31, Houghton Mifflin Harcourt

• It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability. Nobody is afraid that the money they place in the US is at risk of expropriation or of in some other way being taken away. For this safety, the wealth holders of the world are willing to accept a lower rate of return.

  Milton Friedman

  Country, Taken, People

  Source: www.huffingtonpost.com

• There is not a line in 'The Wealth of Nations' that is not still applicable to this day.

  Milton Friedman

  Lines, Wealth, Stills

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