“The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.”
Milton Friedman
Tags: Any | Depression | Economy | Government | Great | Inherent | Instability | Mismanagement | Most | Other | Periods | Private | Produced | Rather | Severe | Than | Unemployment
57% of people like this quote
Milton Friedman
Author details
Related authors
Other Milton Friedman Quotes
The government solution to a problem is usually as bad as the problem.
Milton Friedman
80% of people like this quote
We have a system that increasingly taxes work and subsidizes nonwork.
Milton Friedman
71% of people like this quote
The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
Milton Friedman
63% of people like this quote
And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?
Milton Friedman
62% of people like this quote