View source for Paul Samuelson/Milton Friedman

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[[Category:Milton Friedman]]
{{Quote
| text = And today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself. We see how silly the Ronald Reagan slogan was that government is the problem, not the solution. This prevailing ideology of the last few decades has now been reversed.

Everyone understands now, on the contrary, that there can be no solution without government. The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas.
| cite = [[Paul Samuelson]], [http://www.digitalnpq.org/articles/economic/331/01-16-2009/paul_samuelson "Don't Expect Recovery Before 2012"]
}}