One of the great mistakes is to judge policies and programs by their intentions rather than their results.
MILTON FRIEDMANConcentrated power is not rendered harmless by the good intentions of those who create it.
More Milton Friedman Quotes
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Nobody spends somebody else’s money as carefully as he spends his own.
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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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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.
MILTON FRIEDMAN -
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.
MILTON FRIEDMAN -
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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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
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A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
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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.
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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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The power to do good is also the power to do harm.
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The excuse for the destruction of liberty is always the plea of necessary ‘ that there is no alternative.
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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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The word ‘free’ is used three times in the Declaration of Independence and once in the First Amendment to the Constitution, along with ‘freedom.’ The word ‘fair’ is not used in either of our founding documents.
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There’s no point in comparing an actual, operating system with an ideal system that doesn’t exist.
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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.
MILTON FRIEDMAN