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From Quotes by Milton Friedman
- Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force triumphs over good intentions.
- The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade…
- Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power.…
- You will find that hardly a soul who will say that it was a bad thing. Almost everybody will say it was a good thing.…
- 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 people who come…
- The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third…
- There is still a tendency to regard any existing government intervention as desirable, to attribute all evils to the market, and to evaluate new proposals…
- The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade…
- A society that puts equality - in the sense of equality of outcome - ahead of freedom will end up with neither equality or freedom.…
- Had drugs been decriminalized, crack would never have been invented and there would today be fewer addicts... The ghettos would not be drug-and-crime-infested no-man's lands...…
- The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds…
- Every businessman is in favor of freedom for everybody else, but when it comes to himself that's a different question. He's always the special case.…
- The proper role of government is exactly what John Stuart Mill said in the middle of the nineteenth century in On Liberty. The proper role…
- Our emphasis here is based not only on the growing seriousness of drug-related crimes, but also on the belief that relieving our police and our…
- How can we keep the government we create from becoming a Frankenstein that will destroy the very freedom we establish it to protect? Freedom is…
- The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to…
- Pick at random any three letters from the alphabet, put them in any order, and you will have an acronym designating a federal agency we…
- The government doesn't have any money. The only power it has is to take from some and give to others.
- The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead…
- The most unresolved problem of the day is precisely the problem that concerned the founders of this nation: how to limit the scope and power…
- . . . it is worth discussing radical changes, not in the expectation that they will be adopted promptly but for two other reasons. One…
- The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet…
- The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.
- Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
- Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of…
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