Milton Friedman Quotes


Information about Milton Friedman

Milton Friedman
Milton Friedman

A Nobel Prize winning economist, presidential advisor and proponent of a free marketplace, Milton Friedman as one of the most influential leaders of the Chicago School of monetary economics. Stressing the importance of the quantity of money as a determinant of business cycles and inflation, the Chicago School preached minimal government interference and an emphasis instead on personal and …

Date of Birth: July 31, 1912
Date of Death: November 16, 2006


Found 53 quotes by Milton Friedman .
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Milton Friedman

"Inflation is taxation without legislation" Milton Friedman
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Inflation   

Milton Friedman

"There's no such thing as a free lunch." Milton Friedman
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American Economist   

Milton Friedman

"The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government" Milton Friedman
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Milton Friedman

"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand" Milton Friedman
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Milton Friedman

"[Minimum Wage. In] Free to Choose, ... . . . the minimum wage law to be one of the most, if not the most anti-black law on the statute books." Milton Friedman
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Law   

Milton Friedman

"Concentrated power is not rendered harmless by the good intentions of those who create it." Milton Friedman
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American Economist    Power   

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 somewhatless what he spends it on. When a man spends someone else's moneyto buy something for himself, he is very careful about what hebuys, but doesn't care at all how much he spends. And when a manspends someone else's money on someone else, he doesn't care howmuch he spends or what he spends it on. And that's governmentfor you." Milton Friedman
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Milton Friedman

"Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property." Milton Friedman
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Milton Friedman

"Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence." Milton Friedman
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American Economist    Freedom   

Milton Friedman

"Underlying most arguments against the free market is a lack of belief in freedom itself." Milton Friedman
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American Economist   

Milton Friedman

"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless." Milton Friedman
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American Economist   

Milton Friedman

"The power to do good is also the power to do harm." Milton Friedman
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American Economist    Power   

Milton Friedman

"The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes." Milton Friedman
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American Economist   

Milton Friedman

"Inflation is the one form of taxation that can be imposed without legislation." Milton Friedman
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American Economist    Inflation   

Milton Friedman

"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 is a lack of belief in freedom itself." Milton Friedman
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American Economist    Economy   

Milton Friedman

"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 the least harm; capitalism is that kind of a system" Milton Friedman
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Capitalism   

Milton Friedman

"Governments never learn. Only people learn." Milton Friedman
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American Economist    People   

Milton Friedman

"Columbus did not seek a new route to the Indies in response to a majority directive." Milton Friedman
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American Economist    Majority   

Milton Friedman

"I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal." Milton Friedman
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American Economist    Drugs   

Milton Friedman

"So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not" Milton Friedman
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Business   

Milton Friedman

"The only relevant test of the validity of a hypothesis is comparison of prediction with experience" Milton Friedman
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Experience   





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