All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.

Banking may well be a career from which no man really recovers.

People are the common denominator of progress; no improvement is possible with unimproved people.

Nothing so weakens government as persistent inflation.

The only function of economic forecasting is to make astrology look respectable.

Milton Friedman’s misfortune is that his economic policies have been tried.