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Milton Friedman Quotes
Type: Economist   |    Date of Birth: 1912-07-31   |    Year of Death:    |    Nationality: American
A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman

Concentrated power is not rendered harmless by the good intentions of those who create it.
Milton Friedman

Governments never learn. Only people learn.
Milton Friedman

Hell hath no fury like a bureaucrat scorned.
Milton Friedman

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
Milton Friedman

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
Milton Friedman

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

Inflation is the one form of taxation that can be imposed without legislation.
Milton Friedman

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
Milton Friedman

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
Milton Friedman

The government solution to a problem is usually as bad as the problem.
Milton Friedman

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
Milton Friedman

The power to do good is also the power to do harm.
Milton Friedman

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

There's no such thing as a free lunch.
Milton Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman

We have a system that increasingly taxes work and subsidizes nonwork.
Milton Friedman


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