Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.
Milton FriedmanWhen you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought through, and are made effective.
Milton FriedmanI know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity.
Milton Friedman