Born in July 100 years ago, Milton Friedman was one of the most outspoken economists who supported free market economic system with minimal government intervention. His famous quote: "if you put the federal government in charge of the Sahara Desert, in 5 years, there'd be a shortage of sand" clearly summed up his view "against government intervention".
Friedman won the Nobel Prize in Economics in 1976 "for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy".
He was an economic adviser to US President Ronald Reagan. The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce income tax and capital gains tax, reduce government regulation of economy and control money supply to reduce inflation.
To celebrate what would have been a century of Milton Friedman, here are some of Friedman's best quotes:
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