"When a man spends his own money to……" — Milton Friedman
"When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it. When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on. When a man spends someone else's money to buy something for himself, he is very careful about what he buys, but doesn't care at all how much he spends. And when a man spends someone else's money on someone else, he does't care how much he spends or what he spends it on. And that's government for you."
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Milton Friedman
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195 Quotes by Milton Friedman
Milton Friedman has 195 quotes on this site.
A few more worth reading:
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When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly…
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Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of…
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My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving…
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Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself…
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Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or…
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Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force…
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The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society…
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The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people,…
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Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use…
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Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they…
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The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of…
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A society based on the freedom to choose is better than a society based on the principles of socialism, communism…
See all 195 quotes by Milton Friedman »
More All Quotes
This quote is filed under All Quotes,
one of 128,558 quotes in that category. Here are a few more:
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Total loyalty is possible only when fidelity is emptied of all concrete content, from which changes of mind might naturally…
— Hannah Arendt
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No cause is left but the most ancient of all, the one, in fact, that from the beginning of our…
— Hannah Arendt
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The ultimate end of human acts is eudaimonia, happiness in the sense of living well, which all men desire; all…
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The new always happens against the overwhelming odds of statistical laws and their probability, which for all practical, everyday purposes…
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Where all are guilty, no one is; confessions of collective guilt are the best possible safeguard against the discovery of…
— Hannah Arendt
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We have almost succeeded in leveling all human activities to the common denominator of securing the necessities of life and…
— Hannah Arendt
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I keep my friends as misers do their treasure, because, of all the things granted us by wisdom, none is…
— Pietro Aretino
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We must all make peace so that we can all live in peace.
— Jean-Bertrand Aristide
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The spirit of Ubuntu, that once led Haiti to emerge as the first independent black nation in 1804, helped Venezuela,…
— Jean-Bertrand Aristide
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As we all know, many people remain buried under tons of rubble and debris, waiting to be rescued. When we…
— Jean-Bertrand Aristide
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Wise people, even though all laws were abolished, would still lead the same life.
— Aristophanes
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A friend to all is a friend to none.
— Aristotle
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