We have a system that increasingly taxes work and subsidizes nonwork.
MILTON FRIEDMANI’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.
More Milton Friedman Quotes
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The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can’t do that.
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The government doesn’t have any money. The only power it has is to take from some and give to others.
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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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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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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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Government is a way by which every individual believes he can live at the expense of everybody else.
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There’s no such thing as a free lunch.
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Every person shall be free to do good at his own expense.
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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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Hell hath no fury like a bureaucrat scorned.
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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.
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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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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
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Governments never learn. Only people learn.
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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.
MILTON FRIEDMAN