Chudacoff Friedman Quotes

Only people have incomes and they derive them through the market from the resources they own, whether these be in the form of corporate stock, or of bonds, or of land, or of their personal capacity. ~ Milton Friedman

Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit. ~ Milton Friedman

Yes, I'm a Judeo-Christian. Jesus and Moses are in my heart, and ... both of them were independents, by the way. ~ Kinky Friedman

These days, there are many people around the world who listen to the songs that made me infamous and read the books that made me respectable. ~ Kinky Friedman

Arnold Harberger, Milton Friedman & Co. Inc., your modest proposal of partial equilibrium for the general good is not without its own internal contradictions. Moreover, you cannot take complete credit for this program of equilibriation. Although you and your colleagues and disciples at the Department of Economics of the University of Chicago may have dedicated two decades to the design of the program and the technical training of its executors, it took the approach of another major economic and political crisis of capitalism, analogous to that of the 1930's, to mobilize the political support and the military force to instal a government prepared to put your program of equilibration and your equilibrating experts to work in Chile - and you, Milton Friedman, are still waiting to put your part of the same program, complete with Brazilian style indexing, into practice at home for the glory and benefit of the bourgeoisie in the USA, whom you so faithfully serve as paid executors and executioners. ~ Andre Gunder Frank

You have to work at it if you want to be a good smoker. Especially today with all the non-smoking world constantly harassing you. ~ Kinky Friedman

In 732 Charles Martel, in a defining battle, defeated the Muslim armies, forcing them back behind the mountains and confining them to the Iberian Peninsula. Had Martel lost that battle, Europe would have been a very different place. It ~ George Friedman

Five simple truths embody most of what we know about inflation: Inflation is a monetary phenomenon arising from a more rapid increase in the quantity of money than in output (though, of course, the reasons for the increase in money may be various). In today's world government determines - or can determine - the quantity of money. There is only one cure for inflation: a slower rate of increase in the quantity of money. It takes time - measured in years, not months - for inflation to develop; it takes time for inflation to be cured. Unpleasant side effects of the cure are unavoidable. ~ Milton Friedman

... P doth protest to much. It would be one thing if P were merely silent about Midian. But P is hostile to Midian. Its author tells a story of a complete massacre of the Midianites. He wants no Midianites around. And he especially wants no Midianite women around. This author buried the Moses-Midian connection. We can know why he did this. Practically all critical scholars ascribe this Priestly work to the established priesthood at Jerusalem. For most of the biblical period, that priesthood traced its ancestry to Aaron, the first high priest. It was a priesthood of Levites, but not the same Levites who gave us the E text. Some, including me, ascribe the E text to Levites who traced their ancestry to Moses. These two Levite priestly houses, the Aaronids and the Mushites, were engaged in struggles for leadership and in polemic against each other. The E (Mushite) source took pains, as we have seen to connect Moses' Midianite family back to Abraham. That is understandable. E was justifying the Mushite Levites' line in Israel's history. And it is equally understandable why their opponents, the Aaronids, cast aspersions on any Midianite background. That put a cloud over any Levites, or any text, that claimed a Midianite genealogy. We all could easily think of parallel examples in politics and religion in history and today. ~ Richard Elliott Friedman

Well first of all, tell me: Is there some society you know that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed? Of course, none of us are greedy, it's only the other fellow who's greedy. The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you're talking about, the only cases in recorded history, are where they have had capitalism and largely free trade. If you want to know where the masses are worse off, worst off, it's exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system. ~ Milton Friedman

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

You can only make money if you buy a product, whatever it is - maybe a currency, maybe wheat and maybe something else - at a relatively low price and sell it at a higher price than you buy it at. There's no other way to make money. ~ Milton Friedman

Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with Austria's banking system. There's all sorts of interplays there. So it's not the PIIGS one should worry about. Germany hasn't even begun falling yet. And when Germany falls, and it will, that's when the panic begins to set in. ~ George Friedman

Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange. ~ Milton Friedman

It's almost like that's the definition of being American: You love becoming Irish for a day, or becoming Italian ... Or becoming a Negro for four years. ~ Josh Alan Friedman

Corn ethanol can help in the short term, but it has serious limitations, and none of this is going to work if we don't dramatically improve the efficiency of our cars and trucks. ~ David Friedman

I think those of us who can't sleep dream better than anyone else,' Emmaline whispers with a smile. 'After all, we get to own the night. ~ Aimee Friedman

Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer's travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country. ~ Thomas Friedman

Statistics do not speak for themselves. ~ Milton Friedman

One of the newest figures to emerge on the world stage in recent years is the social entrepreneur. This is usually someone who burns with desire to make a positive social impact on the world, but believes that the best way of doing it is, as the saying goes, not by giving poor people a fish and feeding them for a day, but by teaching them to fish, in hopes of feeding them for a lifetime. I have come to know several social entrepreneurs in recent years, and most combine a business school brain with a social worker's heart. The triple convergence and the flattening of the world have been a godsend for them. Those who get it and are adapting to it have begun launching some very innovative projects. ~ Thomas L. Friedman

Successful revolutionaries do occasionally end up in positions of power, but they seem more likely, on the historical record, to end up dead, courtesy of their comrades. In any case, revolution has its own logic, and it is, like that of politics, a logic of power. So revolution, like politics, selects out for success those with the desire and ability to wield power. ~ David D. Friedman

Claire: Dear Claire, "What" and "If" are two words as non-threatening as words can be. But put them together side-by-side and they have the power to haunt you for the rest of your life: What if? What if? What if? I don't know how your story ended but if what you felt then was true love, then it's never too late. If it was true then, why wouldn't it be true now? You need only the courage to follow your heart. I don't know what a love like Juliet's feels like - love to leave loved ones for, love to cross oceans for but I'd like to believe if I ever were to feel it, that I will have the courage to seize it. And, Claire, if you didn't, I hope one day that you will. All my love, Juliet ~ Lise Friedman

In 2011, the NASSCOM team introduced me to Aloke Bajpai, who, like others on his young team, cut his teeth working for Western technology companies but returned to India on a bet that he could start something - he just didn't know what. The result was Ixigo.com, a travel search service that can run on the cheapest cell phones and helps Indians book the lowest-cost fares, whether it is a farmer who wants to go by bus or train for a few rupees from Chennai to Bangalore or a millionaire who wants to go by plane to Paris. Ixigo is today the biggest travel search platform in India, with millions of users. To build it, Bajpai leveraged the supernova, using free open-source software, Skype, and cloud-based office tools such as Google Apps and social media marketing on Facebook. They "enabled us to grow so much faster with no money," he told me. It ~ Thomas L. Friedman

One thing that tells me a company is in trouble is when they tell me how good they were in the past. Same with countries. You don't want to forget your identity. I am glad that you were great in the fourteenth century, but that was then and this is now. When memories exceed dreams, the end is near. The hallmark of a truly successful organization is the willingness to abandon what made it successful and start fresh."
In societies that have more memories than dreams, too many people are spending too many days looking backward. They see dignity, affirmation, and self-worth not by mining the present but by chewing on the past. And even that is usually not a real past but an imagined and adorned past. Indeed, such societies focus all their imagination on making that imagined past even more beautiful than it ever was, and then they cling to it…, rather than imagining a better future and acting on that. ~ Thomas L. Friedman

Natural gas emits only half the carbon dioxide of coal when burned, but if methane leaks when oil companies extract it from the ground in a sloppy manner - methane is far more potent a greenhouse gas than carbon dioxide - it can wipe out all the advantages of natural gas over coal. ~ Thomas Friedman

We enjoy talking about music, politics, and subjugation. - Kinky Friedman to Night Rider on KOKE-FM ~ Ray Palla

We are in love, in the very beginning part of it, when you don't ever want to separate your body from the other person's. ~ Rachel Friedman

Inflation is always and everywhere a monetary phenomenon. ~ Milton Friedman

A president must know what it is he does not know, and he should remain calm in pursuit of it, but there is no obligation to be honest about it. ~ George Friedman

All learning is ultimately self-learning. ~ Milton Friedman

I just want Texas to be number one in something other than executions, toll roads and property taxes. ~ Kinky Friedman

The price works so well, so efficiently, that we are not aware of it most of the time. ~ Milton Friedman