Alan Ebenstein > Quotes

“The Federal Reserve System had been established to prevent what actually happened. It was set up to avoid a situation in which you would have to close down banks, in which you would have a banking crisis. And yet, under the Federal Reserve system, you had the worst banking crisis in the history of the United States”
― Alan Ebenstein, The Indispensable Milton Friedman: Essays on Politics and Economics

“The virtue of the market is not that it is always right or that the right outcomes always emerge from it, but that beneficial outcomes emerge from it more often than from any other system.”
― Alan Ebenstein, Chicagonomics: The Evolution of Chicago Free Market Economics