Milton Friedman – 27 Quotes

27 Quotes by 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

The only relevant test of the validity of a hypothesis is comparison of prediction with experience.

– Milton Friedman

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

– Milton Friedman

Inflation is taxation without legislation.

– 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

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

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

– 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

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

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

– Milton Friedman

Governments never learn. Only people learn.

– 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

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

– Milton Friedman

Most of the energy of political work is devoted to correcting the effects of mismanagement of government.

– Milton Friedman

Nothing is so permanent as a temporary government program.

– Milton Friedman

So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.

– 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 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 world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a, from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way.

– Milton Friedman

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

Hell hath no fury like a bureaucrat scorned.

– Milton Friedman

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

– Milton Friedman

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

– Milton Friedman

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?

– Milton Friedman