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’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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There’s no such thing as a free lunch.
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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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You know there are very few Marxists left in the world they’re all in American universities.
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If you cannot state a proposition clearly and unambiguously, you do not understand it.
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Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
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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 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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The problem in this world is to avoid concentration of power – we must have a dispersion of power.
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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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There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.
MILTON FRIEDMAN -
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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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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There’s no doubt in my mind that Ronald Reagan was by far the greatest. Because he had real principles and he stuck by them. He made clear what he was going to do, and he did it. He didn’t back down.
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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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You never can cure poverty. Poverty is in the eye of the beholder.
MILTON FRIEDMAN