Nobody spends somebody else's money as carefully as he spends his own. — Milton Friedman Copy Share Image
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 Image
Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression. — Milton Friedman Copy Share Image
Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes… — Milton Friedman Copy Share Image
Since the 1930s the technique of buying votes with the voters' own money has been expanded to an extent undreamed of by… — Milton Friedman Copy Share Image
There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out… — Milton Friedman Copy Share Image
So long as large sums of money are involved - and they are bound to be if drugs are illegal - it… — Milton Friedman Copy Share Image
The use of quantity of money as a target has not been a success. I'm not sure that I would as of… — Milton Friedman Copy Share Image
When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate… — 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 growing role that the government has played in financing and administering schooling has led not only the enormous waste of taxpayers… — Milton Friedman Copy Share Image
The Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over… — Milton Friedman Copy Share Image
Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses… — 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
There is no logical basis for the prohibition of marijuana. $7.7 billion is a lot of money, but that is one of… — Milton Friedman Copy Share Image
It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against… — Milton Friedman Copy Share Image
If even a small fraction of the money we now spend on trying to enforce drug prohibition were devoted to treatment and… — Milton Friedman Copy Share Image
Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be… — Milton Friedman Copy Share Image
What happened was that for every $100 of money, by which I mean the cash that people keep in their pockets, and… — 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
The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited,… — Milton Friedman Copy Share Image
“There are four ways in which you can spend money. You can spend your own money on yourself. When you do that,… — Milton Friedman Copy Share Image
When a man spends his own money to buy something for himself, he is very careful about how much he spends and… — Milton Friedman Copy Share Image
If you spend your own money on yourself, you care how much you spend and how well you spend it. If you… — Milton Friedman Copy Share Image
Doing good with other people's money has two basic flaws. In the first place, you never spend anybody else's money as carefully… — Milton Friedman Copy Share Image
I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money… — 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
You can only make money if you buy a product, whatever it is - maybe a currency, maybe wheat and maybe something… — Milton Friedman Copy Share Image
I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned… — Milton Friedman Copy Share Image
What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars?… — Milton Friedman Copy Share Image
Rich people are the experimental ground for every new development. The nature of progress is that what begins as a luxury for… — Milton Friedman Copy Share Image
The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited,… — Milton Friedman Copy Share Image
I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned… — Milton Friedman Copy Share Image
A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a… — Milton Friedman Copy Share Image
No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that… — Milton Friedman Copy Share Image
“The great achievements of western capitalism have rebounded primarily to the benefit of the ordinary person. These achievements have made available to… — Milton Friedman Copy Share Image
Whenever you try to do good with someone else's money, you are committed to using force. How can you do good with… — Milton Friedman Copy Share Image
The Founding Fathers envisioned a federal government that trusts its people with their money and freedom, outlining this limited, non-intrusive federal government… — 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
