A Quote by Milton Friedman

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

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Against Alternative Any Arbitrary Arbitrary Power Argument Bad Bank Because Believers Body Central Central Bank Check Determine Discretion Effective Effects Far Feasible Few Few Men Few People Freedom Gives However Important Independent Just Just Be Just Because Key Men Mistakes Money Much Need People Pervasive Political Power Public Quantity Reaching Spirited System Too Which Without

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

Milton Friedman

We have power... Our power isn’t in a political system, or a religious system, or in an economic system, or in a military system; these are authoritarian systems... they have power... but it’s not reality. The power of our intelligence, individually or collectively IS the power; this is the power that any industrial ruling class truly fears: clear coherent human beings.

John Trudell

The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of the country.

Milton Friedman

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

In our political system, money is power. And that means a few can have a lot more power than the rest. That's bad news for everyone else - and for our democracy itself.

Al Franken

You don't just give the executive branch unlimited resources, unlimited power. Our founders were very concerned about too much power being invested in any one, in any branch. The balance of power is fundamental to our system.

Mike Huckabee

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

You know, equality is a myth, and for some reason, everyone accepts the fact that women don't make as much money as men do. I don't understand that. Why do we have to take a backseat? I truly believe that women should be financially independent from their men. And let's face it, money gives men the power to run the show. It gives men the power to define value. They define what's sexy. And men define what's feminine. It's ridiculous.

Beyonce Knowles

I think umpires have too much power, without any system of checks and balances and the more money a player makes, the more the umpire tries to show off that power to him. Unfortunately, since I signed my contract my strike zone has suddenly become a lot larger.

Ozzie Smith

When government is invested with money power it rises above the citizen and under the profession of protecting him may actually constitute the greatest threat to his well-being and safety. The power which control of the money system gives to government to interfere in and direct and even take the life of the individual should not exist on this earth. No man or group of men is warranted in holding this terrible power over fellow men.

E.C. Riegel

Bad as "independence" is, the main fault of the Federal Reserve System - an admirable system if conducted in the public interest - is that too much power and control rests in the hands of people whose private interests are directly affected by the Federal Reserves' actions.

Wright Patman

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

I truly believe that women should be financially independent from their men. And let's face it, money gives men the power to run the show. It gives men the power to define value. They define what's sexy. And men define what's feminine. It's ridiculous.

Beyonce Knowles

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

Political freedom means the absence of coercion of a man by his fellow men. The fundamental threat to freedom is power to coerce, be it in the hands of a monarch, a dictator, an oligarchy, or a momentary majority. The preservation of freedom requires the elimination of such concentration of power to the fullest possible extent and the dispersal and distribution of whatever power cannot be eliminated — a system of checks and balances.

Milton Friedman

The more we allow Republicans to concentrate the lion's share of wealth in the hands of a few, the more power these wealthy few will have. And they will use this power to continue rewriting the rules of both our economy and our political system in their favor.

Tom Steyer

A Quote by Milton Friedman

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