"The economic miracle that has been the United……" — Milton Friedman

"The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline."

Milton Friedman

195 Quotes by Milton Friedman

Milton Friedman has 195 quotes on this site. A few more worth reading:

See all 195 quotes by Milton Friedman »

More Been Quotes

This quote is filed under Been Quotes, one of 43,316 quotes in that category. Here are a few more:

See all 43,316 Been Quotes »