The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
MILTON FRIEDMANWhen you start paying people to be poor, you wind up with an awful lot of poor people.
More Milton Friedman Quotes
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The government solution to a problem is usually as bad as the problem.
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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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Society doesn’t have values. People have values.
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The power to do good is also the power to do harm.
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The great achievements of civilization have not come from government bureaus.
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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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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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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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There’s nothing that does so much harm as good intentions.
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Inflation is the one form of taxation that can be imposed without legislation.
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If you cannot state a proposition clearly and unambiguously, you do not understand it.
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Underlying most arguments against the free market is a lack of belief in freedom itself.
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The combination of economic and political power in the same hands is a sure recipe for tyranny.
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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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The essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
MILTON FRIEDMAN