58 Total Quotes

Milton Friedman Quotes

Milton Friedman
Inflation is taxation without legislation
Milton Friedman
#Inflation

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

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

Milton Friedman
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
#Entertainment

Milton Friedman
Have all these countries found a genius like Greenspan? ... What the foreign experience suggests is, you don't need a genius. You just need someone willing to make fighting inflation his top priority.
Milton Friedman
#Experience

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
#American Economist #Depression

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

Milton Friedman
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
Milton Friedman
#American Economist #Benefit

Milton Friedman
Most of the energy of political work is devoted to correcting the effects of mismanagement of government
Milton Friedman
#Energy

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

Milton Friedman
What kind of society isn't structured on greed? 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
#Capitalism

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

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
#American Economist #Drugs

Milton Friedman
Governments never learn. Only people learn.
Milton Friedman
#People #American Economist

Milton Friedman
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
#Business

Milton Friedman
Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence.
Milton Friedman
#Freedom #American Economist

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

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
#Government #American Economist

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

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

Milton Friedman
History suggests that capitalism is a necessary condition for political freedom
Milton Friedman
#Capitalism