A Quote by Milton Friedman

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Alternative Any Arbitrary Arbitrary Power Determine Feasible Few Few People However Important Money Need People Pervasive Power Public Quantity Spirited Too

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Milton Friedman
American - Economist
July 31, 1912 - November 16, 2006

The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.

Milton Friedman

Architects mostly work for privileged people, people who have money and power. Power and money are invisible, so people hire us to visualize their power and money by making monumental architecture. I love to make monuments, too, but I thought perhaps we can use our experience and knowledge more for the general public, even for those who have lost their houses in natural disasters.

Shigeru Ban

All democracies are based on the proposition that power is very dangerous and that it is extremely important not to let any one person or small group have too much power for too long a time

Aldous Huxley

A state that denies its citizens their basic rights becomes a danger to its neighbors as well: internal arbitrary rule will be reflected in arbitrary external relations. The suppression of public opinion, the abolition of public competition for power and its public exercise opens the way for the state power to arm itself in any way it sees fit.... A state that does not hesitate to lie to its own people will not hesitate to lie to other states.

Vaclav Havel

It is unfortunately none too well understood that, just as the State has no money of its own, so it has no power of its own. All the power it has is what society gives it, plus what it confiscates from time to time on one pretext or another, there is no other source from which State power can be drawn. Therefore every assumption of State power, whether by gift or seizure leaves society with so much less power; there is never, nor can be, any strengthening of State power without a corresponding and roughly equivalent depletion of social power.

Albert J. Nock

What is it that we need to do to explain to the public exactly is what is happening? We are destroying our precious water resources at this alarming rate, and again, why? When we have so many viable alternatives? "Oh,alternative power is too expensive, what about the jobs" - this is dinosaur thinking.

Ian Somerhalder

Money has power. And so withholding money has power too, especially when a bunch of people do it together.

Shane Claiborne

We repose an unwise confidence in any government, or in any men, when we invest them officially with too much, or an unnecessary quantity of, discretionary power.

Thomas Paine

I think I fall into a lot of cracks in terms of I'm too something. I'm too this, I'm too that. And my music has never really had a home. I've been this floating alternative. I'm too mainstream for alternative. I'm too alternative for mainstream. And I'm just kind of wandering.

K. D. Lang

The most extremist power any political leader can assert is the power to target his own citizens for execution without any charges or due process, far from any battlefield. The Obama administration has not only asserted exactly that power in theory, but has exercised it in practice.

Glenn Greenwald

Nature has not implanted any power in man that was not meant to be exercised at times, though too often our powers have been abused.

Herman Melville

Power to the people' can only be put into practice when the power exercised by social elites is dissolved into the people. Each individual can then take control of his daily life. If 'Power to the people' means nothing more than power to the 'leaders' of the people, then the people remain an undifferentiated, manipulatable mass, as powerless after the revolution as they were before. In the last analysis, the people can never have power until they disappear as a 'people.

Murray Bookchin

In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.

Pope Pius XI

I was very, very concerned about President Obama and how much executive order and how much executive power he tried to exert. But I think I want to be, and I think congress will be, a check on any executive, Republican or Democrat, that tries to grasp too much power. And really, a lot of the fault is not only presidents trying to take too much power, it's Congress giving up too much power.

Rand Paul

The trouble with the public is that there is too much of it; what we need in public is less quantity and more quality.

Don Marquis

I don't need money, or, better, it's not money that I need; it's not even power; I need only what is obtained by power and simply cannot be obtained without power: the solitary and calm awareness of strength! That is the fullest definition of freedom, which the world so struggles over!

Fyodor Dostoevsky

A Quote by Milton Friedman

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