Milton Friedman Quotes
A free man will ask neither what his country can do for him nor what he can do for his country.
Friedman, Milton. Capitalism and Freedom. University of Chicago Press, 1962, p. 2.
The great irony was that under the British, government of India, including the Pakistan area was quite good. However, after independence, India developed democratic government and is improving its governance to where it is almost good government. Pakistan, in marked contrast, had a democracy when Independence was attained and quickly fell into one dictatorship after another. And none of the governments came close to being good Government. Pakistan has a very corrupt and incompetent government—both military and civilian. However, at the time this quotation was made, the leaders of Pakistan were hopeful about and committed to good and democratic government. But neither ever happened.
He was arrested and renditioned to Pakistan a few hours later. Nonetheless, the secession succeeded and Bangladesh became an independent country.
Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students and young professors who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr.
