“Corruption is government intrusion into market efficiencies in the form of regulations.”

Inflation is the one form of taxation that can be imposed without legislation.

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

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.

Anything that government can do, private enterprise can do for half the cost.

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.

One role of prohibition is in making the drug market more lucrative.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.

If you cannot state a proposition clearly and unambiguously, you do not understand it.

There’s no such thing as a free lunch.

What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.

The only corporate social responsibility a company has is to maximize its profits.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

Since the 1930s the technique of buying votes with the voters’ own money has been expanded to an extent undreamed of by earlier politicians.

There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.

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.

Concentrated power is not rendered harmless by the good intentions of those who create it.

For my part, I will never give up, and I mean never.

Never test the depth of river with both the feet.

Yesterday is but today’s memory, and tomorrow is today’s dream.

One great cause of failure is lack of concentration.

I would rather have people think we’re confused than let our competitors know what we’re going to do.

Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

If we think long term, we can accomplish things that we couldn’t otherwise accomplish.

I like to pride myself on thinking pretty long term, but not that long term.