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1. black
2. grey
3. blue
4. red
5. brown
6. white

There’s no such thing as a free lunch.

Milton Friedman

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  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.

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  One of the great mistakes is to judge policies and programs by their intentions rather than their results.

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  Freedom is a rare and delicate plant. Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power.

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  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.

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  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.

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

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  See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That’s literally true.

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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.

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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 government doesn’t have any money. The only power it has is to take from some and give to others.

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  You cannot simultaneously have free immigration and a welfare state.

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

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  There’s nothing that does so much harm as good intentions.

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