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Milton Friedman Quotes
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If you pay people not to work and tax them when they do, don’t be surprised if you get unemployment (Milton Friedman Quotes)
Everywhere, and at all times, economic progress has meant far more to the poor than to the rich (Milton Friedman Quotes)
Complete free trade is not politically feasible. Why? Because it’s only in the general interest and in no one’s special interest (Milton Friedman Quotes)
When you start paying people to be poor, you wind up with an awful lot of poor people (Milton Friedman Quotes)
Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes wrong (Milton Friedman Quotes)
The collapse of communism in essence added tens and tens of millions of people to the world labor supply, and the people who were added had previously been getting very low income, but they were not unskilled. Many of them were fairly well educated (Milton Friedman Quotes)
There’s no point in comparing an actual, operating system with an ideal system that doesn’t exist (Milton Friedman Quotes)
The price works so well, so efficiently, that we are not aware of it most of the time (Milton Friedman Quotes)
It’s a moral problem that the government is making into criminals people, who may be doing something you and I don’t approve of, but who are doing something that hurts nobody else (Milton Friedman Quotes)
The true test of any scholar’s work is not what his contemporaries say, but what happens to his work in the next 25 or 50 years (Milton Friedman Quotes)
History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition (Milton Friedman Quotes)
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government (Milton Friedman Quotes)
The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people (Milton Friedman Quotes)
The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government (Milton Friedman Quotes)
The only relevant test of the validity of a hypothesis is comparison of prediction with experience (Milton Friedman Quotes)
The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that’s why it’s so essential to preserving individual freedom (Milton Friedman Quotes)
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible (Milton Friedman Quotes)
I’m in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal (Milton Friedman Quotes)
Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another (Milton Friedman Quotes)
The most important single central fact about a free market is that no exchange takes place unless both parties benefit (Milton Friedman Quotes)
The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system (Milton Friedman Quotes)
Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes (Milton Friedman Quotes)
So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not (Milton Friedman Quotes)
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves (Milton Friedman Quotes)
With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves (Milton Friedman Quotes)
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both (Milton Friedman Quotes)
I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression (Milton Friedman Quotes)
The unions might be good for the people who are in the unions but it doesn’t do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn’t do a thing for them (Milton Friedman Quotes)
Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself... Economic freedom is also an indispensable means toward the achievement of political freedom (Milton Friedman Quotes)
What does it mean to say that government might have a responsibility? Government can’t have a responsibility any more than the business can. The only entities which can have responsibilities are people (Milton Friedman Quotes)