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Milton Friedman Quotes

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Never try to walk across a river just because it has an average depth of four feet  (Milton Friedman Quotes) See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That’s literally true  (Milton Friedman Quotes) We do not influence the course of events by persuading people that we are right when we make what they regard as radical proposals. Rather, we exert influence by keeping options available when something has to be done at a time of crisis  (Milton Friedman Quotes) There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game  (Milton Friedman Quotes) When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn’t that exactly what’s been happening with drugs?  (Milton Friedman Quotes) Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of any other measure that would accomplish so much to promote law and order?  (Milton Friedman Quotes) My major problem with the world is a problem of scarcity in the midst of plenty... of people starving while there are unused resources... people having skills which are not being used  (Milton Friedman Quotes) Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised  (Milton Friedman Quotes) Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force triumphs over good intentions  (Milton Friedman Quotes) The essential notion of a capitalist society... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force  (Milton Friedman Quotes) A society based on the freedom to choose is better than a society based on the principles of socialism, communism and coercion  (Milton Friedman Quotes) Political leaders in capitalist countries who cheer the collapse of socialism in other countries continue to favor socialist solutions in their own. They know the words, but they have not learned the tune  (Milton Friedman Quotes) If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies  (Milton Friedman Quotes) Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay  (Milton Friedman Quotes) The combination of economic and political power in the same hands is a sure recipe for tyranny  (Milton Friedman Quotes) Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems  (Milton Friedman Quotes) Freedom is a rare and delicate plant. Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power  (Milton Friedman Quotes) If you really want to engage in policy activity, don’t make that your vocation. Make it your avocation. Get a job. Get a secure base of income. Otherwise, you’re going to get corrupted and destroyed  (Milton Friedman Quotes) The evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been  (Milton Friedman Quotes) Government is a way by which every individual believes he can live at the expense of everybody else  (Milton Friedman Quotes) Every businessman is in favor of freedom for everybody else, but when it comes to himself that’s a different question. He’s always the special case. He ought to get special privileges from the government, a tariff, this, that and the other thing  (Milton Friedman Quotes) Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery  (Milton Friedman Quotes) So long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud  (Milton Friedman Quotes) I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity  (Milton Friedman Quotes) There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do  (Milton Friedman Quotes) Pick at random any three letters from the alphabet, put them in any order, and you will have an acronym designating a federal agency we can do without  (Milton Friedman Quotes) The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed  (Milton Friedman Quotes) The government doesn’t have any money. The only power it has is to take from some and give to others  (Milton Friedman Quotes) Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with  (Milton Friedman Quotes) I think a major reason why intellectuals tend to move towards collectivism is that the collectivist answer is a simple one. If there’s something wrong, pass a law and do something about it  (Milton Friedman Quotes)
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