What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.
Milton FriedmanEverywhere, and at all times, economic progress has meant far more to the poor than to the rich.
Milton FriedmanUniversities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
Milton FriedmanPoliticians will always spend every penny of tax raised and whatever else they can get away with.
Milton Friedman