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 FRIEDMANA society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
More Milton Friedman Quotes
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There’s nothing that does so much harm as good intentions.
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The government solution to a problem is usually as bad as the problem.
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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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Nothing is so permanent as a temporary government program.
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Hell hath no fury like a bureaucrat scorned.
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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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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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Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
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The only corporate social responsibility a company has is to maximize its profits.
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Inflation is the one form of taxation that can be imposed without legislation.
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Nobody spends somebody else’s money as carefully as he spends his own.
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The problem in this world is to avoid concentration of power – we must have a dispersion of power.
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You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
MILTON FRIEDMAN