True, the average rate for the year as a whole, though on the high side, is not too bad, but that is like assuring the nonswimmer that he can safely walk across a river because its average depth is only 4 feet.


Irresponsible Monetary Policy - Newsweek, January 10, 1972 (p. 57)

Milton Friedman Quotes

True, the average rate for the year as a whole, though on the high side, is not too bad, but that is like assuring the nonswimmer that he can safely...

True, the average rate for the year as a whole, though on the high side, is not too bad, but that is like assuring the nonswimmer that he can safely...

True, the average rate for the year as a whole, though on the high side, is not too bad, but that is like assuring the nonswimmer that he can safely...

True, the average rate for the year as a whole, though on the high side, is not too bad, but that is like assuring the nonswimmer that he can safely...