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.
MILTON FRIEDMANI am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
More Milton Friedman Quotes
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Inflation is the one form of taxation that can be imposed without legislation.
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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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You must distinguish sharply between being pro free enterprise and being pro business.
MILTON FRIEDMAN -
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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Governments never learn. Only people learn.
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Only a crisis, actual or perceived, produces real change.
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The essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
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If you cannot state a proposition clearly and unambiguously, you do not understand it.
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The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.
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One role of prohibition is in making the drug market more lucrative.
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One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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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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Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery.
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If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.
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Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition.
MILTON FRIEDMAN