A Quote by Milton Friedman
A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy.
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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.
From the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange.
The Commonwealth of Kentucky has a judicial system, and this system needs a lot of repair. Therefore, there is no need for Kentucky to start building another judicial system within the system, that we already have.
The immigration system is broken and it needs to be fixed. And it needs to be fixed comprehensively, because this country depends on immigrant workers, but we don't have a system that reflects that. Our system is absolutely antiquated.
In comparison to the U.S. health care system, the German system is clearly better, because the German health care system works for everyone who needs care, ... costs little money, and it's not a system about which you have to worry all the time. I think that for us the risk is that the private system undermines the solidarity principle. If that is fixed and we concentrate a little bit on better competition and more research, I think the German health care system is a nice third way between a for-profit system on the one hand and, let's say, a single-payer system on the other hand.
Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It's physical, not legal.
Capitalism is very far from a perfect system, but so far we have yet to find anything that clearly does a better job of meeting human needs than a regulated capitalist economy coupled with a welfare and health care system that meets the basic needs of those who do not thrive in the capitalist economy. If we ever do find a better system, I'll be happy to call myself an anti-capitalist.
Our political system needs changing. It needs to move away from personalities and patronage to a system of party programs and consultation with the people.
What we should all argue for is the use of freedom rather than having a monetary system with regulation domination that is run by a cartel and the special interests - that is the kind of system we have today.
Corporate America needs to get its act together to see that the education system is changed so it produces what it needs. The educational system that teaches kids to be passive recipients of knowledge worked when most workers were sitting in assembly lines.
The Soviet system is how everything here works. It's very difficult to break the system. The system is big and inflexible, uneffective, and also corrupt. And that is our main goal: to change the system, to break the system, to make it modern.
I feel like awareness needs to grow. It's becoming a very common thing. I think we have a very strong NHS and healthcare system that needs more support through all this political nonsense that we're going through.
I think the immigration system we have now is terrible for the United States of America. We have a legal immigration system that does not work. It does not reflect the economic needs of this country in the 21st century. It needs to be modernized.
The world needs specialists and highly trained people with advanced degrees, no question about it. But the world also needs diversity and versatility. It needs people who know as much about our value system as they do about our solar system.
Our immigration system is a broken system that needs to be fixed. We need reform that provides hardworking people of good character with a real path towards citizenship.
I think our legal system needs to be developed. Cases of citizens who are detained and then have to wait much too long for a trial - that is scary, for everyone. When someone commits a crime he needs to be charged quickly. Why does this take so long in many cases? I don't know. Is it because our legal system is still rudimentary? China has promised to modernize its legal system. This has high priority.
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