Monetarism Quotes

I am sure future historians will say the biggest and most astonishing change in politics has been the embracing of all the tenets of Thatcherism by the party of Keir Hardie: trade union legislation, Europe, the replacement of Trident, 10 per cent tax for people who have made millions from their companies.

But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT.

I am not a monetarist, and I am not a Keynesian. On certain points I agree with each.

Economics departments are dominated by Marxism, which is taken straight or on the rocks, in the form of Keynesianism.

In the 1980s, we were advised, why don't you follow Reaganomics or Thatcherite economics. We said, yes, there are good points, let's see how we can fit them in the Indian economy. Every country has its own way of moving forward.

During the 1980s, many people mistook Thatcherism and Reaganism - actually a wild form of liberalism - for conservatism.

I'm happy to say I am a Harrison-Kreps-Keynesian.

It's pointless to talk to Fed members about economics because they are academics who believe in money-printing. Some of them believe they didn't print enough, and so with these kinds of people, it is like running to the pope. What do you want to tell them?

I'm a big fan of economist Milton Freidman.

Reagonomics - a blend of monetarism and fiscal Keynesianism swathed in classical liberal and supply-side rhetoric - is in no way going to solve the problem of inflationary depression or of the business cycle.

Thatcherism has become bigger than she ever was.

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

There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.

When you grow up in the Soviet society under the communists you heard about the one man who is especially dangerous, especially crazy, and absolutely mad, and which would destroy all the human beings and the economies and so on, and this man was called Milton Friedman.

If I really believed in Friedman's economic theory, then I'd be quite satisfied to spend the rest of my life with a garden hose shoved down my throat, being filled with custard by representatives of the people of China.

With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets.

One nanny said, "Feed a cold"; she was a neo-Keynesian. Another nanny said, "Starve a cold"; she was a monetarist.

Milton Friedman is a man with dangerously simplistic visions and explanations of the economic world.

In a way, the debate about Margaret Thatcher in Britain has just gotten fossilized in this notion that she is either this she-devil who wrecked the industrial base of the country and ruined the lives of millions, or she is the blessed Margaret who saved the nation and rescued us from our post-war decline.

I believe Mrs. Thatcher's emphasis on enterprise was right.

Milton Friedman. Friedman had a solid MV = PQ doctrine from which he deviated very little all his life. By the way, he's about as smart a guy as you'll meet. He's as persuasive as you hope not to meet.

In the 1980s and 1990s, anglophone conservatives were motivated by ideas so powerful that they spread from the United States and Britain to the rest of the world: faith in democracy, faith in free markets, faith in free trade.

Since the start of the Thatcher economic and fiscal reforms the U.K. economy has expanded five-fold.

The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly.

Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.