Central bankers always try to avoid their last big mistake. So every time there's the threat of a … - Milton Friedman

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My mother was a very literate person who had educated herself. She had an exceptional vocabulary.

Milton Friedman

Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.

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You must distinguish sharply between being pro free enterprise and being pro business.

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The broader and more influential organisations of businessmen have acted to undermine the basic foundation of the free market system they purport to represent and defend.

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Look, for example, at the obvious, immediate, practical example of illegal Mexican immigration. Now, that Mexican immigration, over the border, is a good thing. It's a good thing for the illegal immigrants. It's a good thing for the United States. It's a good thing for the citizens of the country. But, it's only good so long as its illegal.

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Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.

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Never try to walk across a river just because it has an average depth of four feet.

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