Best Milton Friedman Wisdom
- The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place… Adam
- We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example,… Cents
- Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from… Active
- Society doesn't have values. People have values. Economics
- I do not believe that the solution to our problem is simply to elect the right people. The important thing is to establish a political… Believe
- A society that puts equality — in the sense of equality of outcome — ahead of freedom will end up with neither equality nor freedom.… Achieve
- There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as… Activities
- I start ... from a belief in individual freedom and that derives fundamentally from a belief in the limitations of our knowledge, from a belief… Attractive
- I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior. Agree
- Making prohibition work is like making water run uphill; it's against nature. Freedom
- Economic freedom is ... an indispensable means toward the achievement of political freedom. Achievement
- I want people to take thought about their condition and to recognize that the maintainence of a free society is a very difficult and complicated… Bad
- Hell hath no fury like a bureaucrat scorned. Bureaucrat
- There is no logical basis for the prohibition of marijuana. $7.7 billion is a lot of money, but that is one of the lesser evils.… Absolutely
- Only a crisis, actual or perceived, produces real change. Actual
- One of the great mistakes is to judge policies and programs by their intentions, rather than their results. We all know a famous road that… Admire
- History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition. History suggests that capitalism is a necessary… Capitalism
- A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market… Arguments
- History suggests that capitalism is a necessary condition for political freedom Capitalism
- What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do… Arrangement
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