Milton Friedman Quotes - Page 9

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• Economic freedom is ... an indispensable means toward the achievement of political freedom.

  Milton Friedman

  Freedom, Mean, Independent

  Capitalism and Freedom ch. 1 (1962)

  11 Copy quote

• The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.

  Milton Friedman

  Decision, Important, Body

  6 Copy quote

• In a free society, it is hard for 'good' people to do 'good', but that is a small price to pay for making it hard for 'evil' people to do 'evil', especially since one man's good is another's evil

  Milton Friedman

  Men, Evil People, Good People

  Milton Friedman (1972). “An economist's protest: columns in political economy”

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• Now that I'm 60, every morning I look in the mirror and say, "I don't know who you are, stranger, but I'm gonna shave you anyway".

  Milton Friedman

  Birthday, Morning, Mirrors

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• There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.

  Milton Friedman

  Responsibility, Social, Increase

  "The Social Responsibility of Business is to Increase its Profits By Milton Friedman". James Duffy, Original article from the New York Times Magazine, www.morethanaccountants.co.uk. September 13, 1970.

  59 Copy quote

• And where are you going to get these angels who are going to run society for us?

  Milton Friedman

  Running, Angel

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• I want people to take thought about their condition and to recognize that the maintainence of a free society is a very difficult and complicated thing and it requires a self-denying ordinance of the most extreme kind. It requires a willingness to put up with temporary evils on the basis of the subtle and sophisticated understanding that if you step in to do something about them you not only may make them worse, you will spread your tenticles and get bad results elsewhere.

  Milton Friedman

  Self, People, Evil

  Interview with Richard Heffner on "The Open Mind", December 7, 1975.

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• There is not a line in 'The Wealth of Nations' that is not still applicable to this day.

  Milton Friedman

  Lines, Wealth, Stills

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• Saying it is one thing. Doing it is very different.

  Milton Friedman

  Different, One Thing

  Source: www.foxnews.com

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• Inflation is a monetary phenomenon. It is made by or stopped by the central bank.

  Milton Friedman

  Made, Phenomenon, Inflation

  Source: www.huffingtonpost.com

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• Columbus did not seek a new route to the Indies in response to a majority directive.

  Milton Friedman

  Majority, Investing, Columbus

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• 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

  Freedom, People, Together

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• Statistics do not speak for themselves.

  Milton Friedman

  Statistics, Speak

  Source: www.pbs.org

  8 Copy quote

• Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of any other measure that would accomplish so much to promote law and order?

  Milton Friedman

  Order, Law, Alcohol

  Milton Friedman (1972). “An economist's protest: columns in political economy”

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• Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.

  Milton Friedman

  Athlete, Ideas, Understanding

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• Look, for example, at the obvious, immediate, practical example of illegal Mexican immigration. Now, that Mexican immigration, over the border, is a good thing. It's a good thing for the illegal immigrants. It's a good thing for the United States. It's a good thing for the citizens of the country. But, it's only good so long as its illegal....

  Milton Friedman

  Country, Long, Mexican

  "Illegal Immigration: A Feature, Not A Bug, Said Milton Friedman" by Brian Doherty, reason.com. May 11, 2011.

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• We do not influence the course of events by persuading people that we are right when we make what they regard as radical proposals. Rather, we exert influence by keeping options available when something has to be done at a time of crisis.

  Milton Friedman

  People, Events, Times Of Crisis

  Milton Friedman, Rose D. Friedman (1999). “Two Lucky People: Memoirs”, p.220, University of Chicago Press

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• In the current world, with the skills needed, dropouts [like no secondary education] are condemned to being members of the underclass. In my view, this is a fault of the American school system, which is a government monopoly.

  Milton Friedman

  School, Government, Views

  Source: www.huffingtonpost.com

  35 Copy quote

• When something goes wrong, the natural tendency is to say, "By God, we need to pass a law and do something."

  Milton Friedman

  Law, Needs, Natural

  Source: www.huffingtonpost.com

  14 Copy quote

• Had drugs been decriminalized, crack would never have been invented and there would today be fewer addicts... The ghettos would not be drug-and-crime-infested no-man's lands... Colombia, Bolivia and Peru would not be suffering from narco-terror, and we would not be distorting our foreign policy because of it.

  Milton Friedman

  Ghetto, Men, Land

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• The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 ... Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.

  Milton Friedman

  Garden, Government, Investing

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• Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U.S. is now 45 percent socialist.

  Milton Friedman

  Mean, Government, Income

  "We Have Socialism, Q.E.D". Milton Friedman, The New York Times, December 31, 1989.

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• Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.

  Milton Friedman

  Party, Keys, Long

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.19, Houghton Mifflin Harcourt

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• When you argue for free markets, you are arguing against the trend.

  Milton Friedman

  Trends, Arguing, Free Market

  Source: www.huffingtonpost.com

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• I think it's a scandal what has been happening in the school system so far as lower income classes. The dropout rates, the illiteracy rate, you know literacy in the United States was a lot higher in 1890 than it is now.

  Milton Friedman

  School, Thinking, Class

  Source: www.pbs.org

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