What central banks can control is a base and one way they can control the base is via manipulating a particular interest… — Milton Friedman Copy Share Image
People who intend only to serve public interest are led by invisible hand to private interest which was no part of their… — Milton Friedman Copy Share Image
The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate,… — Milton Friedman Copy Share Image
When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why… — Milton Friedman Copy Share Image
Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should… — 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
By encouraging men to spy and report on one another, by making it in the private interest of large numbers of citizens… — Milton Friedman Copy Share Image
Italy may well be the main problem. It has benefited most from the euro by having been able to get the euro… — Milton Friedman Copy Share Image
Complete free trade is not politically feasible. Why? Because it's only in the general interest and in no one's special interest. — Milton Friedman Copy Share Image
My interest in political philosophy was rather casual until I met Hayek. — 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
A society that puts equality — in the sense of equality of outcome — ahead of freedom will end up with neither… — Milton Friedman Copy Share Image
If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the… — Milton Friedman Copy Share Image
John Lott documents how far 'politically correct' vested interests are willing to go to denigrate anyone who dares disagree with them. Lott… — Milton Friedman Copy Share Image
People who intend only to seek their own benefit are “led by an invisible hand to serve a public interest which was… — Milton Friedman Copy Share Image
Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The… — Milton Friedman Copy Share Image
There is still a tendency to regard any existing government intervention as desirable, to attribute all evils to the market, and to… — Milton Friedman Copy Share Image
The government solution to a problem is usually as bad as the problem. — 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 Image
To really understand something you've got to reduce it to its principles. — Milton Friedman Copy Share Image
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 Image
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 Image
“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 Image
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 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
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 Image
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 Image
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 Image
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 Image
