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
My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving while there… — Milton Friedman Copy Share Image
I think a major reason why intellectuals tend to move towards collectivism is that the collectivist answer is a simple one. If… — 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
The rule of law does not guarantee freedom, since general law as well as personal edicts can be tyrannical. But increasing reliance… — Milton Friedman Copy Share Image
Richard Nixon was a very intelligent and able man. And he had the right ideas. But he did not have the adherence… — Milton Friedman Copy Share Image
The major basis for my opposition to marijuana prohibition has not been how badly it's worked, the fact that it's produced much… — Milton Friedman Copy Share Image
I'm not in favor of no government. You do need a government. But by doing so many things that the government has… — 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
Why have we had such a decline in moral climate? I submit to you that a major factor has been a change… — 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
The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically… — 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 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
![“Richard Nixon was a very intelligent and able man. And he had the right ideas. But he did not have the adherence to principles that [Ronald] Reagan had. He did some very good things. We owe to Richard Nixon the volunteer army - he got rid of the draft. And that was a major increase in freedom.” quote by Milton Friedman](https://sms4smile.com/quotes/img-quotes/2d1/milton-friedman-616_able_richard-nixon-was-a-very-intelligent-and_1337531.jpg)
