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Milton Friedman

Milton Friedman

Milton Friedman

(1912-2006) United States economist noted as a proponent of monetarism and for his opposition to government intervention in the economy. Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system.”

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A society that puts equality... ahead of freedom will end up with neither equality nor freedom.

– Milton Friedman

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

– Milton Friedman

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Governments never learn. Only people learn.

– Milton Friedman

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Hell hath no fury like a bureaucrat scorned.

– Milton Friedman

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History suggests that Capitalism is a necessary condition for political freedom.

– Milton Friedman

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

– Milton Friedman

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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

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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

– Milton Friedman

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

– Milton Friedman

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

– Milton Friedman

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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

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

– Milton Friedman

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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

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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

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The burden of government is not measured by how much it taxes, but by how much it spends.

– Milton Friedman

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

– Milton Friedman

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The price works so well, so efficiently, that we are not aware of it most of the time.

– Milton Friedman

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There is no free lunch.

– Milton Friedman

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There is one and only one social 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, which is to say, engages in open and free competition without deception or fraud.

– Milton Friedman

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

– Milton Friedman

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

– Milton Friedman

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