One role of prohibition is in making the drug market more lucrative.
MILTON FRIEDMANThere’s no such thing as a free lunch.
More Milton Friedman Quotes
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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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Hell hath no fury like a bureaucrat scorned.
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We have a system that increasingly taxes work and subsidizes nonwork.
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Nothing is so permanent as a temporary government program.
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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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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.
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You know there are very few Marxists left in the world they’re all in American universities.
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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 FRIEDMAN -
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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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 -
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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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.
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The combination of economic and political power in the same hands is a sure recipe for tyranny.
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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 most important single central fact about a free market is that no exchange takes place unless both parties benefit.
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You must distinguish sharply between being pro free enterprise and being pro business.
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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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The government solution to a problem is usually as bad as the problem.
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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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Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
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Since the 1930s the technique of buying votes with the voters’ own money has been expanded to an extent undreamed of by earlier politicians.
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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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The great achievements of civilization have not come from government bureaus.
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You cannot simultaneously have free immigration and a welfare state.
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Every person shall be free to do good at his own expense.
MILTON FRIEDMAN