There’s no such thing as a free lunch.
MILTON FRIEDMANBecause 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.
More Milton Friedman Quotes
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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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Underlying most arguments against the free market is a lack of belief in freedom itself.
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With respect to teachers’ salaries …. Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority.
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Nothing is so permanent as a temporary government program.
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In the 1960s, The National Education Association changed its character. The NEA changed into a union. And from that point on you can see deterioration in the quality of schooling in the United States.
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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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The excuse for the destruction of liberty is always the plea of necessary ‘ that there is no alternative.
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The power to do good is also the power to do harm.
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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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The growing role that the government has played in financing and administering schooling has led not only the enormous waste of taxpayers money but also to a far poorer educational system.
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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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There’s nothing that does so much harm as good intentions.
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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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The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.
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The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can’t do that.
MILTON FRIEDMAN