Milton Friedman Quote

Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in discounts, service, and quality, and wage changes, in overtime, perquisites and so on…. But to whatever extent the freeze is enforced, it will do harm by distorting relative prices.


An economist's protest: columns in political economy (ed. 1972)

Picture Quote 1

Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in...

Picture Quote 2

Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in...

Picture Quote 3

Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in...

Picture Quote 4

Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in...