Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more… — Milton Friedman Copy Share Image
The great virtue of a free market system is that it does not care what color people are; it does not care… — Milton Friedman Copy Share Image
All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come… — Milton Friedman Copy Share Image
Economists may not know much. But we know one thing very well: how to produce surpluses and shortages. Do you want a… — Milton Friedman Copy Share Image
The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government… — Milton Friedman Copy Share Image
Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means… — Milton Friedman Copy Share Image
If capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for… — Milton Friedman Copy Share Image
Because it is one thing to have free immigration to jobs. It is another thing to have free immigration to welfare. And… — Milton Friedman Copy Share Image
Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression. — Milton Friedman Copy Share Image
Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on… — 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
Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are… — 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
