Milton Friedman Quotes

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Joe Wagner Posted: Wed, Oct 6 2010 2:53 PM

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"I regard a return to a gold standard as neither desirable nor feasible — with the one exception that it might become feasible if the doomsday predictions of hyperinflation under our present system should prove correct."

"A real honest-to-God gold standard is not feasible because there is essentially no government in the world that is willing to surrender control over its domestic monetary policy."

If Mr. Friedman were alive today, would he more or less likely to espouse the same views?

Joe Wagner

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Gero replied on Wed, Oct 6 2010 6:28 PM

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I have always thought of Milton Friedman as a reasonable economist. I suspect if presented with alternative libertarian viewpoints, he would consider them, if not adopt them. For any forum members unfamiliar with him, below are some videos of him I liked:

Milton Friedman - Free to Choose 1990 - 1of 5 The Power of the Market PL 1/5

http://www.youtube.com/watch?v=Yndxvj6813c

Milton Friedman - Free to Choose 1990 - 1of 5 The Power of the Market PL 2/5

http://www.youtube.com/watch?v=dBOHpKNzxHw

Milton Friedman - Free to Choose 1990 - 1 of 5 The Power of the Market PL 3/5

http://www.youtube.com/watch?v=12cTb4_9aLQ

Milton Friedman - Free to Choose 1990 - 1 of 5 The Power of the Market PL 4/5

http://www.youtube.com/watch?v=-YXcfd51kCA

Milton Friedman - Free to Choose 1990 - 1 of 5 The Power of the Market PL 5/5

http://www.youtube.com/watch?v=2JTEjsXGSwI

Milton Friedman on Donahue 1980 (1/5)

http://www.youtube.com/watch?v=OE1nJJBoxvk