Money Quotes by Milton Friedman

The government doesn't have any money. The only power it has is to take from some and give to others.

— Milton Friedman

Nobody spends somebody else's money as carefully as he spends his own.

— Milton Friedman

The history of mankind is the history of money losing value.

— Milton Friedman

Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.

— Milton Friedman

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more…

— Milton Friedman

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

So long as large sums of money are involved - and they are bound to be if drugs are illegal - it…

— Milton Friedman

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

Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes…

— Milton Friedman

Since the 1930s the technique of buying votes with the voters' own money has been expanded to an extent undreamed of by…

— Milton Friedman

There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out…

— Milton Friedman

Rich people are the experimental ground for every new development. The nature of progress is that what begins as a luxury for…

— Milton Friedman

If even a small fraction of the money we now spend on trying to enforce drug prohibition were devoted to treatment and…

— Milton Friedman

Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be…

— Milton Friedman

It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against…

— Milton Friedman

What happened was that for every $100 of money, by which I mean the cash that people keep in their pockets, and…

— Milton Friedman

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

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

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more…

— Milton Friedman

The Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over…

— Milton Friedman

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

Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in…

— Milton Friedman

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

When a man spends his own money to buy something for himself, he is very careful about how much he spends and…

— Milton Friedman

If you spend your own money on yourself, you care how much you spend and how well you spend it. If you…

— Milton Friedman

“There are four ways in which you can spend money. You can spend your own money on yourself. When you do that,…

— Milton Friedman

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

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

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the…

— Milton Friedman

You can only make money if you buy a product, whatever it is - maybe a currency, maybe wheat and maybe something…

— Milton Friedman

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

I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money…

— Milton Friedman

The growing role that the government has played in financing and administering schooling has led not only the enormous waste of taxpayers…

— Milton Friedman

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

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

“The great achievements of western capitalism have rebounded primarily to the benefit of the ordinary person. These achievements have made available to…

— Milton Friedman

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

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

No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that…

— Milton Friedman