Asking economists for investment advice is like asking a physicist to fix a broken toilet. Not their field, though sort of related. - Milton Friedman

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Asking economists for investment advice is like asking a physicist to fix a broken toilet. Not their field, though sort of related.

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About Milton Friedman

Milton Friedman (31 July 1912 – 16 November 2006) was an American economist noted for his support for free markets and a reduction in the size of government. In 1976 he was awarded a Nobel Prize in Economics.

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Also Known As

Alternative Names: Milton Galbraith Friedman

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Additional quotes by Milton Friedman

The people in one district can choose not to reelect their member of Congress, but that will not change the composition of the government as a whole. You have to change the system and make it possible for the people's will to be heard.

"Instead of Lincoln's government "of the people, by the people, and for the people," we now have a government "of the people, by the bureaucrats, for the bureaucrats," including the elected representatives who have become bureaucrats."

We observe, and are always asking ourselves the question, why it is that in the Western world intellectuals tend to be collectivists. Certainly one reason is that by nature their whole interest is in questioning things, including whatever society they're in. But in a collectivist society they can't speak up because of suppression, whereas in a free society they can. So the only intellectuals heard from tend to be collectivists.

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