One role of prohibition is in making the drug market more lucrative. — Milton Friedman Copy Share Image
[T]he burden of government is not measured by how much it taxes, but by how much it spends. — Milton Friedman Copy Share Image
Corruption is government intrusion into market efficiencies in the form of regulations. — Milton Friedman Copy Share Image
The invisible hand in politics operates in the opposite direction to the invisible hand in the market. — Milton Friedman Copy Share Image
When you argue for free markets, you are arguing against the trend. — Milton Friedman Copy Share Image
The Internet moves us closer to "perfect information" on markets. Individuals and companies alike can buy and sell across borders and jurisdictions… — Milton Friedman Copy Share Image
Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices… — Milton Friedman Copy Share Image
“From this standpoint, the role of the market, as already noted, is that it permits unanimity without conformity; that it is a… — Milton Friedman Copy Share Image
...theories should be judged by their ability to predict events rather than by the realism of their assumptions. — Milton Friedman Copy Share Image
The only reason free markets have a ghost of a chance is that they are so much more efficient than any other… — Milton Friedman Copy Share Image
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more… — Milton Friedman Copy Share Image
The argument for the free market is a complicated and sophisticated one and depends on demonstration of secondary effects. I have confidence… — Milton Friedman Copy Share Image
The black market was a way of getting around government controls. It was a way of enabling the free market to work.… — Milton Friedman Copy Share Image
There's only one thing that all of the central banks control and that is the base, their own liability, and they can… — Milton Friedman Copy Share Image
The difference between me and people like Murray Rothbard is that, though I want to know what my ideal is, I think… — Milton Friedman Copy Share Image
What most people really object to when they object to a free market is that it is so hard for them to… — Milton Friedman Copy Share Image
I believe the role that people like myself have played in the transformation of public opinion has been by persistently presenting a… — Milton Friedman Copy Share Image
Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy,… — Milton Friedman Copy Share Image
The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market… — Milton Friedman Copy Share Image
What you have as a result of past policies is that German entrepreneurs go outside of Germany for many of their activities.… — Milton Friedman Copy Share Image
There is no other complex field in our society in which do-it-yourself beats out factory production or market production. Nobody makes his… — Milton Friedman Copy Share Image
The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce… — Milton Friedman Copy Share Image
Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in… — Milton Friedman Copy Share Image
"Free markets" is a very general term. There are all sorts of problems that will emerge. Free markets work best when the… — Milton Friedman Copy Share Image
The stock market crashed in October 1929. But that was not the cause of what caused the Great Depression. It was, in… — Milton Friedman Copy Share Image
It is true that a competitive market is not the whole of society. A great deal depends on the qualities of the… — Milton Friedman Copy Share Image
Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition. — Milton Friedman Copy Share Image
I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the… — Milton Friedman Copy Share Image
The great virtue of a free market system is that it does not care what color people are; it does not care… — Milton Friedman Copy Share Image
The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a… — Milton Friedman Copy Share Image
The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both… — Milton Friedman Copy Share Image
There is no figure who had more of an influence, no person had more of an influence on the intellectuals behind the… — Milton Friedman Copy Share Image
I believe the role that people like myself have played in the transformation of public opinion has been by persistently presenting a different point… — Milton Friedman Copy Share
To really understand something you've got to reduce it to its principles. — Milton Friedman Copy Share
It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the… — Milton Friedman Copy Share
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces… — Milton Friedman Copy Share
“The people in one district can choose not to reelect their member of Congress, but that will not change the composition of the government… — Milton Friedman Copy Share
When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought… — Milton Friedman Copy Share
The government doesn't have any money. The only power it has is to take from some and give to others. — Milton Friedman Copy Share
What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?! — Milton Friedman Copy Share
World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them to have… — Milton Friedman Copy Share
Is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run… — Milton Friedman Copy Share
Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on… — Milton Friedman Copy Share
I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior. — Milton Friedman Copy Share
It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability.… — Milton Friedman Copy Share
Hong Kong is the bellwether. If the Chinese stick to their agreement to let Hong Kong go its own path, then China will also… — Milton Friedman Copy Share
![“[T]he burden of government is not measured by how much it taxes, but by how much it spends.” quote by Milton Friedman](https://sms4smile.com/q/img-quotes/392/milton-friedman-616_burden_t-he-burden-of-government-is-not-measure_1465716.png)
![“[U]nemployment is ... a side effect of the cure for inflation.” quote by Milton Friedman](https://sms4smile.com/q/img-quotes/d3f/milton-friedman-616_cures_u-nemployment-is-a-side-effect-of-the-cu_1599909.png)
![“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…” quote by Milton Friedman](https://sms4smile.com/q/img-quotes/863/milton-friedman-616_beats_there-is-no-other-complex-field-in-our-s_883210.png)
