Milton Friedman Quotes
The way you solve things is by making it politically profitable for the wrong people to do the right thing.
Milton Friedman, 1912-2006, Nobel Laureate in Economics, ‘’About changing congress”
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Lawrence of Arabia. Actually, this is generally considered as ideal advice for a political operative or advisor in politics or any other field. This is the way the “string-pullers” and “powers behind the throne” have always operated.
This is a very important quotation. No one likes to make moral compromises, but Mann realized that there was a necessity in a complex society—especially a republic to make compromises. Politics cannot function without compromises of all kinds moral and otherwise as different people have different views of morality and rectitude. Mann observed that if compromises must be made, it is better for the politicians to make them than the educators, physicians, clerics, and other professional groups. Therefore politics takes the heat so that the other institutions of society do not have to. Thus politics has this crucial role among its others according to Mann.
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.
