12 Genius Economics Quotes That Will Get Everyone Up to Speed on What They Missed in High School

Give Me Liberty

This is from Independent Journal Review.

The 20th century produced a genius who was able to state the complex with an eloquent simplicity that was virtually unmatched. You probably glossed overread some of his work in your high school economics class; take a look at these and his simple wisdom becomes incredibly obvious.

Inspired by our good friends at The Daily Signal, here are 12 quotes from Dr. Milton Friedman. We challenge you to find an error in his reasoning:

  1. The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.
  2. Nothing is so permanent as a temporary…

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