Hell hath no fury like a bureaucrat scorned.
MILTON FRIEDMANThe most important single central fact about a free market is that no exchange takes place unless both parties benefit.
More Milton Friedman Quotes
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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Government is a way by which every individual believes he can live at the expense of everybody else.
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When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union – like public housing in the United States – look decrepit within a year or two of their construction.
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Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
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Governments never learn. Only people learn.
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The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.
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What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.
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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
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You know there are very few Marxists left in the world they’re all in American universities.
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I am a libertarian with a small “l” and a Republican with a capital “R”. And I am a Republican with a capital “R” on grounds of expediency, not on principle.
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The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
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Corruption is government intrusion into market efficiencies in the form of regulations.
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Inflation is the one form of taxation that can be imposed without legislation.
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One role of prohibition is in making the drug market more lucrative.
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The problem in this world is to avoid concentration of power – we must have a dispersion of power.
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In the 1960s, The National Education Association changed its character. The NEA changed into a union. And from that point on you can see deterioration in the quality of schooling in the United States.
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Freedom is a rare and delicate plant. Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power.
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Political freedom means the absence of coercion of a man by his fellow men.
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The only corporate social responsibility a company has is to maximize its profits.
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Society doesn’t have values. People have values.
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Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.
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A free man will ask neither what his country can do for him nor what he can do for his country.
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Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
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You cannot simultaneously have free immigration and a welfare state.
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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.
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We have a system that increasingly taxes work and subsidizes nonwork.
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