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Inefficiency Quotes by Milton Friedman

1 Inefficiency quote by Milton Friedman

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…

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Milton Friedman has 196 quotes on this site. A few more worth reading:

When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly what's been…
Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of any other…
My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving while there…
Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic…
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction,…
Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force triumphs over…
The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited,…
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion…
Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The…
The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest.…
A society based on the freedom to choose is better than a society based on the principles of socialism, communism and coercion.

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Popular Inefficiency quotes from across the collection:

Markets have built in inefficiencies, serious inefficiencies which are well known. — Noam Chomsky
The only thing that saves us from bureaucracy is its inefficiency. — Eugene McCarthy
South Africa does not have a poverty problem. Poverty is a result of denialism of the way corruption taxes poor people, the… — Mamphela Ramphele
Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed to cure.… — Henry Hazlitt
It is the inefficiency and sham of ... our schools ... that save us from being dashed on the rocks of false… — George Bernard Shaw
Anarchy [is] necessarily consequent to inefficiency. — Thomas Jefferson
The big corporation is not in the least remarkable for efficiency; it is only too big to be blamed for its inefficiency. — Gilbert K. Chesterton
Every good cause is worth some inefficiency. — Paul Samuelson
Given the inefficiencies of what D.C. laughingly calls the `criminal justice system,' I think we can safely assume that 95 percent of… — Ron Paul
There are only two qualities in the world: efficiency and inefficiency; and only two sorts of people: the efficient and the inefficient. — Josh Billings
Grief is not productive. It simply represents an inefficiency in accepting change of status. — Greg Bear
The Jews caused the war, the Jews caused the outbreak of thieving and robbery all over the country, the Jews caused the… — Henry Ford

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