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 FRIEDMANOne of the great mistakes is to judge policies and programs by their intentions rather than their results.
More Milton Friedman Quotes
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The great achievements of civilization have not come from government bureaus.
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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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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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We have a system that increasingly taxes work and subsidizes nonwork.
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The power to do good is also the power to do harm.
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If you pay people not to work and tax them when they do, don’t be surprised if you get unemployment.
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I would say that in this world, the greatest source of inequality has been special privileges granted by government.
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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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A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
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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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You must distinguish sharply between being pro free enterprise and being pro business.
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There’s no such thing as a free lunch.
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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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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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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
MILTON FRIEDMAN