Sunday, December 31, 2017

The best thing Milton Friedman ever wrote

From the Epilogue of Money Mischief:

... Pierre S. du Pont, a deputy from Nemours to the French National Assembly. Speaking on a proposal to issue additional assignats -- the fiat money of the French Revolution -- he said: "Gentlemen, it is a disagreeable custom to which one is too easily led by the harshness of the discussions, to assume evil intentions. It is necessary to be gracious as to intentions; one should believe them good ...

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