Thanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been. ... And because of our efforts, we have earned our salaries ten-thousand fold. (Milton Friedman)

Thanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been. ... And because of our efforts, we have earned our salaries ten-thousand fold.

Milton Friedman

Related topics

adam fold lower perhaps present right smith tenth thanks percent days

Related quotes

We travel together, passengers on a little spaceship, dependent on it's vulnerable reserves of air and soil, all committed, for our safety, to it's security and peace. Preserved from annihilation only by the care, the work and the love we give our fragile craft.
Adlai Stevenson II
We can believe that we know where the world should go. But unless we're in touch with our customers, our model of the world can diverge from reality. There's no substitute for innovation, of course, but innovation is no substitute for being in touch, either.
Steve Ballmer
The moment we begin to fear the opinions of others and hesitate to tell the truth that is in us, and from motives of policy are silent when we should speak, the divine floods of light and life no longer flow into our souls.
Elizabeth Cady Stanton
I like to believe that people in the long run are going to do more to promote peace than our governments. Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.
Dwight D. Eisenhower
In India, if you are from the elite, dogs are extremely important. The breed of the dog indicates your wealth, that you are westernized. The cook, another human being, is on a much lower level than your dog. You see this all the time.
Kiran Desai