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Milton Friedman Quotes: The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.
         

The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.


Milton Friedman
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Other quotes of Milton Friedman


A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.



If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.



Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.



You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.



The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.



I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.



The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.



Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.



You cannot simultaneously have free immigration and a welfare state.

You cannot simultaneously have free immigration and a welfare state.



The government solution to a problem is usually as bad as the problem.

The government solution to a problem is usually as bad as the problem.





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You can’t even stay dead like a reasonable person!” he yelled, overjoyed at the sight of his brother. “What, you didn’t miss me?

You can’t even stay dead like a reasonable person!” he yelled, overjoyed at the sight of his brother. “What, you didn’t miss me?



I do not support peace in the Middle East. And I do not support Arafat. He is a stupid, incompetent fool!

I do not support peace in the Middle East. And I do not support Arafat. He is a stupid, incompetent fool!



In my experience of doing physical scenes, half of your energy is spent on trying to get the other actor to enter into it physically with you. Most actors don't want to hurt each other.

In my experience of doing physical scenes, half of your energy is spent on trying to get the other actor to enter into it physically with you. Most actors don't want to hurt each other.



Irish people are educated not only about artistry but local history.

Irish people are educated not only about artistry but local history.



I am feeling easy now, and you will well understand that after undergoing pain this ease is opening paradise. Invalids must be excused for being eloquent about themselves.

I am feeling easy now, and you will well understand that after undergoing pain this ease is opening paradise. Invalids must be excused for being eloquent about themselves.



The pressure to being a comedian is being funny, but I've given that up, so there is no pressure whatsoever.

The pressure to being a comedian is being funny, but I've given that up, so there is no pressure whatsoever.



The dog is dressed just like me at the climax of my act.

The dog is dressed just like me at the climax of my act.



I wanted to build up a name for myself.

I wanted to build up a name for myself.



They didn't understand what they were doing. I'm afraid that will be on the tombstone of the human race.

They didn't understand what they were doing. I'm afraid that will be on the tombstone of the human race.



Who invented political tolerance? The English invented it, it's something which has taken roots with some difficulty in Scottish politics.

Who invented political tolerance? The English invented it, it's something which has taken roots with some difficulty in Scottish politics.




Quote Description


This page presents the quote "The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.". Author of this quote is Milton Friedman. This quote is about central banks, particular, rate, want, interest, mistake,.