Quotes by 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
Concentrated power is not rendered harmless by the good intentions of those who create it.
– Milton Friedman
Governments never learn. Only people learn.
– Milton Friedman
Hell hath no fury like a bureaucrat scorned.
– Milton Friedman
History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
– Milton Friedman
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
– 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
Inflation is the one form of taxation that can be imposed without legislation.
– Milton Friedman
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
– 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
Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
– Milton Friedman
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.
– Milton Friedman
The government solution to a problem is usually as bad as the problem.
– Milton Friedman
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.
– Milton Friedman
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
– 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
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.
– Milton Friedman
The power to do good is also the power to do harm.
– Milton Friedman
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
There's no such thing as a free lunch.
– Milton Friedman