The long-range sloution to high unemployment is to increase the incentive for ordinary people to save, invest, work, and employ others. We… — Milton Friedman Copy Share Image
No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve,… — Milton Friedman Copy Share Image
I have long been a critic of Social Security, basically because I believe that it is not the business of government to… — 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
The only reason there is a crisis about Social Security in the US and pensions in Europe and Japan is that you… — Milton Friedman Copy Share Image
Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the… — Milton Friedman Copy Share Image
Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary,… — Milton Friedman Copy Share Image
That's an interesting paradox to think about. Make it legal and it's no good. Why? Because as long as it's illegal the… — 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
There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits… — Milton Friedman Copy Share Image
The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next… — 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
So long as it stays within the rules of the game, which is to say, engages in open and free competition without… — Milton Friedman Copy Share Image
The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next… — Milton Friedman Copy Share Image
A free society releases the energies and abilities of people to pursue their own objectives. It prevents some people from arbitrarily suppressing… — Milton Friedman Copy Share Image
Look, for example, at the obvious, immediate, practical example of illegal Mexican immigration. Now, that Mexican immigration, over the border, is a… — 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
