Milton Friedman Quotes

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Quotes About Milton Friedman

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The great achievements of western capitalism have rebounded primarily to the benefit of the ordinary person. These achievements have made available to the masses conveniences and amenities that were previously the exclusive prerogative of the rich and powerful. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Politicians will always spend every penny of tax raised and whatever else they can get away with. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
It is ironic that Keynesianism originated as a weapon to combat depression, but became universally accepted and "successful" only during (and because of!) the postwar expansion. At the first sign of renewed world recession, Keynesian theory has proved itself to be a snare and a delusion that has gone into immediate bankruptcy. The resulting "post-Keynesian synthesis" is also the theoretical reason for the reactionary exhumation of the simplistic, neoclassical, and monetarist economic theory of the 1920s. This revival of old theory is highlighted by the award of Nobel prizes in economics to Friedrich von Hayek, whose theoretical work was done before the Great Depression, and Milton Friedman, whose lone voice echoed in the wilderness until the new world economic crisis put his unpopular and antipopulist theories on the agenda of business board rooms and government cabinet rooms in one capitalist country after another. The real reason for the recent interest in fifty-year-old theories is that capital now wants them to legitimize its attack on the welfare state and "unproductive" expenditures on social services, which capital claims to need for "productive" investment in industry, including armaments. ~ Andre Gunder Frank
Milton Friedman quotes by Andre Gunder Frank
But on the other hand, if you come under circumstances where each person is entitled to a pro-rata share of the pot, to take an extreme example, or even to a low level of the pie, than the effect of that situation is that free immigration, would mean a reduction of everybody to the same, uniform level. Of course, I'm exaggerating, it wouldn't go quite that far, but it would go in that direction. And it is that perception, that leads people to adopt what at first seems like inconsistent values. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
It doesn't worry me a bit that China and Japan hold so much US debt. In a way, it seems foolish for them to do it because they get lower returns than they might elsewhere. But that is their business. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Is it really true that political self-interest is nobler somehow than economic self-interest? ... And just tell me where in the world you find these angels who are going to organize society for us. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The government has no more right to tell me what goes into my mouth, including illegal drugs, than it has to tell me what comes out of my mouth. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
With respect to teachers' salaries ... Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The widespread enthusiasm for reducing government taxes and other impositions is not matched by a comparable enthusiasm for eliminating government programs - except programs that benefit other people. The ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
There's no point in comparing an actual, operating system with an ideal system that doesn't exist. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
One of the great mistakes is to judge policies and programs by their intentions rather than their results. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The fall of the Berlin Wall really demonstrated beyond the shadow of a doubt that there was a bad system, and what subsequently happened in the Soviet Union, that that system was a failure. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Fundamentally, there are only two ways of co-ordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary co-operation of individuals - the technique of the market place. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
There is no other complex field in our society in which do-it-yourself beats out factory production or market production. Nobody makes his or her own car. But it is still the case that parents can perform the job of educating their children [homeschooling], in many cases better than our present education system. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
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
Milton Friedman quotes by Milton Friedman
The state of our educational system is a disgrace to our country. We have an elementary and secondary school system in which close to half of the youngsters never graduate properly. It's a disgrace that there is more illiteracy today than there was 100 years ago. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
I say thank God for government waste. If government is doing bad things, it's only the waste that prevents the harm from being greater. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
We don't have a desperate need to grow. We have a desperate desire to grow. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
When you argue for free markets, you are arguing against the trend. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
A fourth argument, one that was made by Alexander Hamilton and continues to be repeated down to the present, is that free trade would be fine if all other countries practiced free trade but that so long as they do not, the United States cannot afford to. This argument has no validity whatsoever, either in principle or in practice. Other countries that impose restrictions on international trade do hurt us. But they also hurt themselves. Aside from the three cases just considered, if we impose restrictions in turn, we simply add to the harm to ourselves and also harm them as well. Competition in masochism and sadism is hardly a prescription for sensible international economic policy! Far from leading to a reduction in restrictions by other countries, this kind of retaliatory action simply leads to further restrictions. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Reality ensures that the end of history will never come. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The appeal to the intellectually insecure is also more important than it might seem. Because economics touches so much of life, everyone wants to have an opinion. Yet the kind of economics covered in the textbooks is a technical subject that many people find hard to follow. How reassuring, then, to be told that it is all irrelevant
that all you really need to know are a few simple ideas! Quite a few supply-siders have created for themselves a wonderful alternative intellectual history in which John Maynard Keynes was a fraud, Paul Samuelson and even Milton Friedman are fools, and the true line of deep economic thought runs from Adam Smith through obscure turn-of-the-century Austrians straight to them. ~ Paul Krugman
Milton Friedman quotes by Paul Krugman
Because it is one thing to have free immigration to jobs. It is another thing to have free immigration to welfare. And you cannot have both. If you have a welfare state, if you have a state in which every resident is promises a certain minimal level of income, or a minimum level of subsistence, regardless of whether he works or not, produces it or not. Then it really is an impossible thing. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Even as I pursued a doctorate in the history of ideas in my native Denmark, I realized I had neither the encyclopedic training nor the passion for cool logic - not to mention the nerve - to follow in the footsteps of classical liberal philosophers and economists such as Robert Nozick, Friedrich Hayek, and Milton Friedman. ~ Anne Fortier
Milton Friedman quotes by Anne Fortier
The preservation of liberty, not the promotion of efficiency, is the primary justification for private property. Efficiency is a happy, though not accidental, by-product - and a most important by-product because liberty could not have survived if it had not also produced affluence. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Although these examples only scratch the surface, they illustrate the fundamental proposition that freedom is one whole, that anything that reduces freedom in one part of our lives is likely to affect freedom in the other parts. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
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
Milton Friedman quotes by Milton Friedman
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. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
What you have as a result of past policies is that German entrepreneurs go outside of Germany for many of their activities. They are investing abroad instead of at home because there isn't the openness, fluidity and opportunity they find outside their borders. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
So long as large sums of money are involved - and they are bound to be if drugs are illegal - it is literally impossible to stop the traffic, or even to make a serious reduction in its scope. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
So far as we know, no pollster has asked the public, "Are you getting your money's worth for the more than 40 percent of your income being spent on your behalf by government?" But ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Making prohibition work is like making water run uphill; it's against nature. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The Founding Fathers envisioned a federal government that trusts its people with their money and freedom, outlining this limited, non-intrusive federal government in ... the Constitution, leaving the other powers to people ... or to the states. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Abraham Lincoln talked about a government of the people, by the people, for the people. What we now have is a government of the people, by the bureaucrats, including the legislators who have become bureaucrats, for the bureaucrats. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Everywhere, and at all times, economic progress has meant far more to the poor than to the rich. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Who Protects the Consumer? "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow citizens." - Adam Smith, The Wealth of Nations, vol. I, [>] ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
It is worth discussing radical changes, not in the expectation that they will be adopted promptly but for two other reasons. One is to construct an ideal goal, so that incremental changes can be judged by whether they move the institutional structure toward or away from that ideal. The other reason is very different. It is so that if a crisis requiring or facilitating radical change does arise, alternatives will be available that have been carefully developed and fully explored. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U.S. is now 45 percent socialist. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
There's no doubt in my mind that Ronald Reagan was by far the greatest. Because he had real principles and he stuck by them. He made clear what he was going to do, and he did it. He didn't back down. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
In the modern world, tariffs and similar restrictions on trade have been one source of friction among nations. But a far more troublesome source has been the far-reaching intervention of the state into the economy in such collectivist states as Hitler's Germany, Mussolini's Italy, and Franco's Spain, and especially the communist countries, from Russia and its satellites to China. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
When something goes wrong, the natural tendency is to say, "By God, we need to pass a law and do something." ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The smaller the unit of government and the more restricted the functions assigned government, the less likely it is that its actions will reflect special interests rather than the general interest. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Many thinkers have tried to "naturalize" consumerism in that way, including most social Darwinists, Austrian School economists (Ludwig von Mises, Friedrich Hayek, Murray Rothbard), Chicago School economists (George Stigler, Milton Friedman, Gary Becker), Darwinian libertarians, globalization advocates, management gurus, and marketers. Their model (which I call the Wrong Conservative Model, because I think it's wrong, and because it's usually advocated by political conservatives) is: human nature + free markets = consumerist capitalism ~ Geoffrey Miller
Milton Friedman quotes by Geoffrey Miller
It was in 1982 that Milton Friedman wrote the highly influential passage that best summarizes the shock doctrine. " Only a crisis-actual or percieved-produces real change. When the crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable. ~ Naomi Klein
Milton Friedman quotes by Naomi Klein
There is no good way of measuring poverty. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Statistics do not speak for themselves. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
If you spend your own money on yourself, you care how much you spend and how well you spend it. If you spend your own money on someone else, you care how much you spend, but you don't care how well it is spent. If you spend someone else's money on yourself, you don't care how much you spend, but you do care how well it is spent. And finally, if you spend someone else's money on someone else, you don't care how much you spend, and you don't care how well it is spent. That is government. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
This points to a nagging and important question about free-market ideologues: Are they 'true believers', driven by ideology and faith that free markets will cure underdevelopment, as is often asserted, or do the ideas and theories frequently serve as an elaborate rationale to allow people to act on unfettered greed while still invoking an altruistic motive? ~ Naomi Klein
Milton Friedman quotes by Naomi Klein
Similarly, Alexis de Tocqueville, the famous French political philosopher and sociologist, in his classic Democracy in America, written after a lengthy visit in the 1830s, saw equality, not majority rule, as the outstanding characteristic of America. "In America," he wrote, the aristocratic element has always been feeble from its birth; and if at the present day it is not actually destroyed, it is at any rate so completely disabled, that we can scarcely assign to it any degree of influence on the course of affairs. The ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Personal freedom has grown greatly within China, and that will provoke ever more points of conflict between the individual and state. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
How did we make the transition from using wood to using coal, from using coal to using oil, from using oil to using natural gas? How in God's name did we make that transition without a Federal Energy Agency? ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The euro is going to be a big source of problems, not a source of help. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The majority does rule. But it is a rather special kind of majority. It consists of a coalition of special interest minorities. The way to get elected to Congress is to collect groups of, say, 2 or 3 percent of your constituents, each of which is strongly interested in one special issue that hardly concerns the rest of your constituents. Each group will be willing to vote for you if you promise to back its issue regardless of what you do about other issues. Put together enough such groups and you will have a 51 percent majority. That is the kind of logrolling majority that rules the country. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers. Fortunately, for me personally, that conclusion has had no practical impact, else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honored to receive. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The heart of the liberal philosophy is a belief in the dignity of the individual, in his freedom to make the most of his capacities and opportunities according to his own lights ... This implies a belief in the equality of man in one sense; in their inequality in another. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The question that has perhaps divided students of vouchers more than any other is their likely effect on the social and economic class structure. Some have argued that the great value of the public school has been as a melting pot, in which rich and poor, native- and foreign-born, black and white have learned to live together. That image was and is largely true for small communities, but almost entirely false for large cities. There, the public school has fostered residential stratification, by tying the kind and cost of schooling to residential location. It is no accident that most of the country's outstanding public schools are in high-income enclaves. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
People who intend only to serve public interest are led by invisible hand to private interest which was no part of their intention. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Make the acvocacy of radical causes sufficiently remunerative, and the supply of advocates will be unlimited. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Minimum wage increases. The Nobel Prize economist Milton Friedman has observed that the minimum wage is "one of the most ... anti-black laws on the statute books" because it destroys entry level jobs for second paycheck earners, teens, and other unskilled workers. ~ David Horowitz
Milton Friedman quotes by David Horowitz
There's only one thing that all of the central banks control and that is the base, their own liability, and they can control that in various ways. They can control it directly by open market operations, buying and selling government securities or other assets, for example, buying and selling gold, or they can control it indirectly by altering the rate at which banks lend to one another. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
A free society releases the energies and abilities of people to pursue their own objectives. It prevents some people from arbitrarily suppressing others. It does not prevent some people from achieving positions of privilege, but so long as freedom is maintained, it prevents those positions of privilege from becoming institutionalized; they are subject to continued attack by other able, ambitious people. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
If you cannot state a proposition clearly and unambiguously, you do not understand it. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output. ~ Niall Ferguson
Milton Friedman quotes by Niall Ferguson
You must distinguish sharply between being pro free enterprise and being pro business. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
We have a system that increasingly taxes work and subsidizes nonwork. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
All learning is ultimately self-learning. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The Soviet experience was much worse than experts in the West had thought. That discovery had a tremendous impact both on the intellectual community and on the public at large. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
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
Milton Friedman quotes by Milton Friedman
All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman. ~ George Stigler
Milton Friedman quotes by George Stigler
You never have real changes unless you have a time of crisis. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can't do that. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
George Stigler was a delightful correspondent. In a letter from London in 1948, after remarking on the inconvertibility of the pound and the inedible, still-rationed food, he concluded, So here I am losing weight and gaining pounds. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
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
Milton Friedman quotes by Milton Friedman
He moves fastest who moves alone. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
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
Milton Friedman quotes by Milton Friedman
It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability. Nobody is afraid that the money they place in the US is at risk of expropriation or of in some other way being taken away. For this safety, the wealth holders of the world are willing to accept a lower rate of return. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
People hired by government know who is their benefactor. People who lose their jobs or fail to get them because of the government program do not know that that is the source of their problem. The good effects are visible. The bad effects are invisible. The good effects generate votes. The bad effects generate discontent, which is as likely to be directed at private business as at the government. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
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
Milton Friedman quotes by Milton Friedman
You can only make money if you buy a product, whatever it is - maybe a currency, maybe wheat and maybe something else - at a relatively low price and sell it at a higher price than you buy it at. There's no other way to make money. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
In all those cases, in accordance with the theme of this book, increases in economic freedom have gone hand in hand with increases in political and civil freedom and have led to increased prosperity; competitive capitalism and freedom have been inseparable. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Even philosophies who have denounced pseudosciences like psychoanalysis, have condoned pseudoscientific economic theories like neoclassical microeconomics. It is far safer and easier to criticize Freud and Jung than to criticize Milton Friedman and Friedrich Hayek, because the latter are backed by political movements whereas the former are not. ~ Mario Bunge
Milton Friedman quotes by Mario Bunge
A common objection to totalitarian societies is that they regard the end as justifying the means. Taken literally, this objection is clearly illogical. If the end does not justify the means, what does? But this easy answer does not dispose of the objection; it simply shows that the objection is not well put. To deny that the end justifies the means is indirectly to assert that the end in question is not the ultimate end, that the ultimate end is itself the use of the proper means. Desirable or not, any end that can be attained only by the use of bad means must give way to the more basic end of the use of acceptable means. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Anybody who was easily converted was not worth converting. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
One reason inflation is so destructive is because some people benefit greatly while other people suffer; society is divided into winners and losers. The winners regard the good things that happen to them as the natural result of their own foresight, prudence, and initiative. They regard the bad things, the rise in the prices of the things they buy, as produced by forces outside their control. Almost everyone will say that he is against inflation; what he generally means is that he is against the bad things that have happened to him. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
If you do not force political freedom, economic freedom will be stymied sooner or later. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Not all 'schooling' is 'education,' and not all 'education' is 'schooling'. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
Whenever you try to do good with someone else's money, you are committed to using force. How can you do good with somebody else's money, unless you first take it away from them? The only way you can take it away from them is the threat of force: you have a policeman, tax collector, who comes and takes it from them. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
I am a limited-government libertarian. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do. ~ Milton Friedman
Milton Friedman quotes by Milton Friedman
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