One role of prohibition is in making the drug market more lucrative. — 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 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 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
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
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
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 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
When you argue for free markets, you are arguing against the trend. — 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 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
