The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
MILTON FRIEDMAN
MILTON FRIEDMAN
Milton Friedman on business
Milton Friedman74 quotes“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”
More from Milton Friedman
There’s nothing that does so much harm as good intentions.
Milton FriedmanMilton Friedman A free man will ask neither what his country can do for him nor what he can do for his country.
Milton FriedmanMilton Friedman Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
Milton FriedmanMilton Friedman Is it really true that political self-interest is nobler somehow than economic self-interest?
Milton FriedmanMilton Friedman You never can cure poverty. Poverty is in the eye of the beholder.
Milton FriedmanMilton Friedman The great achievements of civilization have not come from government bureaus.
Milton FriedmanMilton Friedman 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.
Milton FriedmanMilton Friedman 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 FriedmanMilton Friedman The government doesn’t have any money. The only power it has is to take from some and give to others.
Milton FriedmanMilton Friedman Hell hath no fury like a bureaucrat scorned.
Milton FriedmanMilton Friedman 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 FriedmanMilton Friedman The growing role that the government has played in financing and administering schooling has led not only the enormous waste of taxpayers money but also to a far poorer educational system.
Milton FriedmanMilton Friedman 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.
Milton FriedmanMilton Friedman 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 FriedmanMilton Friedman The unions might be good for the people who are in the unions but it doesn’t do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn’t do a thing for them.
Milton FriedmanMilton Friedman The power to do good is also the power to do harm.
Milton FriedmanMilton Friedman
Original quotes
From our community writers
And in the end when the money is gone – will you still stay it was worth it.
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Emily BockEmily Bock Stop taking care of everyone else before you take care of yourself.
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