"Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without government. The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas."
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Academics from the United StatesJews from the United StatesPeople from New York CityAgnostics from the United StatesEconomists from the United States
Original Language: English
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Sources
Paul Samuelson, "Don't Expect Recovery Before 2012" (16 January 2009)
https://en.wikiquote.org/wiki/Milton_Friedman
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Milton Friedman
1912 – 2006
US-amerikanischer Ökonom und Nobelpreisträger
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