Milton Friedman

Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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Underlying most arguments against the free market is a lack of belief in freedom itself.

Hell hath no fury like a bureaucrat scorned.

I am favor of cutting taxes under any circumstances and for any excuse for any reason whenever it's possible.

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

Is it really true that political self-interest is nobler somehow than economic self-interest?

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

We have a system that increasingly taxes work and subsidizes nonwork.

Only government can take perfectly good paper cover it with perfectly good ink and make the combination worthless.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

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.

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.

Nothing is so permanent as a temporary government program.

Concentrated power is not rendered harmless by the good intentions of those who create it.

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.

Inflation is taxation without legislation.

The power to do good is also the power to do harm.

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.

Governments never learn. Only people learn.

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.

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

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