Famous Quotes By Milton Friedman


  1. 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.
  2. Concentrated power is not rendered harmless by the good intentions of those who create it.
  3. Governments never learn. Only people learn.
  4. Hell hath no fury like a bureaucrat scorned.
  5. History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
  6. I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
  7. If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
  8. Inflation is taxation without legislation.
  9. Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
  10. Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
  11. Nothing is so permanent as a temporary government program.
  12. Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
  13. The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.
  14. The government solution to a problem is usually as bad as the problem.
  15. The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
  16. The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.
  17. 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.
  18. The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
  19. The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.
  20. The power to do good is also the power to do harm.
  21. Underlying most arguments against the free market is a lack of belief in freedom itself.
  22. Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
  23. We have a system that increasingly taxes work and subsidizes nonwork.
  24. Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?

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