Milton Friedman Unions Quotations

The countries that have risen and separated out as a result of the collapse of the Soviet Union are, on the whole, following freer economic policies. Most of these states have freer government and less restrictions on trade.

To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.

We have a freer world because of the collapse of the Soviet Union and the changes in China. Those two have been the main contributors to freedom in our time.

There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out by politically independent entities.