Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems.
Milton FriedmanSo the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not.
Milton FriedmanThe current oil crisis has not been produced by the oil companies. It is a result of governmental mismanagement exacerbated by the Mideast war.
Milton Friedman