A Quote by Milton Friedman

A real gold standard is thoroughly consistent with [classical] liberal principles and I, for one, am entirely in favor of measures promoting its development. — © Milton Friedman
A real gold standard is thoroughly consistent with [classical] liberal principles and I, for one, am entirely in favor of measures promoting its development.
I am the gold standard for liberal bile!
You could own coins but you couldn't have bars of gold. We were on the gold standard. I think it was Nixon who took us off the gold standard.
I frankly don't care if you agree with my stand on abortion. I take that stand because no other stand is consistent with decent principles, and no other standard is consistent with the will of God.
The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
When they favor the access of other people to education and health care, the countries of the North not only demonstrate generosity or solidarity, but also implement the principles of respecting and promoting human rights.
I'm a classic English liberal. A classical liberal, which is different to the modern interpretation of liberal in America.
The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If we had another crisis tomorrow, and you had to do QE4 and QE5, how could you do that when you're already at $4 trillion? They might have to turn to the IMF or SDR or to Gold. Then, if you go back to the gold standard, you have to get the price right. People say there's not enough gold to support a gold standard. That's nonsense. There's always enough gold, it's just a question of price.
Did you know that wherever you find fool's gold, real gold exists somewhere nearby? This also goes for relationships and friendships. Real gold is found in the heart. For every piece of fake gold that you discard, remember that true gold isn't too far.
My treasure chest is filled with gold. Gold . . . gold . . . gold . . . Vagabond's gold and drifter's gold . . . Worthless, priceless, dreamer's gold . . . Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . . Poet's gold and artist's gold . . . Gold that can not be bought or sold - Gold.
Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.
International order is not an evolution; it is an imposition. It is the domination of one vision over others- in this case, the domination of liberal free market principles of economics, democratic principles of politics, and a peaceful international system over other visions that other nations and peoples may have. It will last only as long as those who favor it retain the capacity to defend it.
The standard that measures two things is something different from either. You are, in fact, comparing them both with some Real Morality, admitting that there is such a thing as a real Right, independent of what people think, and that some people's ideas get nearer to that real Right than others.
Mathematics is entirely free in its development, and its concepts are only linked by the necessity of being consistent, and are co-ordinated with concepts introduced previously by means of precise definitions.
The fact that we're all hyphenating our names suggests that we are afraid of being assimilated. I was talking on the BBC recently, and this woman introduced me as being "in favor of assimilation." I said, "I'm not in favor of assimilation." I am no more in favor of assimilation than I am in favor of the Pacific Ocean. Assimilation is not something to oppose or favor - it just happens.
There's the gold standard, and then there's the purple-and-gold standard.
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