Everywhere, and at all times, economic progress has meant far more to the poor than to the rich.
Milton FriedmanThe only reason free markets have a ghost of a chance is that they are so much more efficient than any other form of organization.
Milton FriedmanMost economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Milton FriedmanI cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results
Milton Friedman