Nobody spends somebody else’s money as carefully as he spends his own.
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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Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
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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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Every person shall be free to do good at his own expense.
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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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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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Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
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Corruption is government intrusion into market efficiencies in the form of regulations.
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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 no such thing as a free lunch.
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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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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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The unions might be good for the people who are in the unions but it doesn’t do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn’t do a thing for them.
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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 essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
MILTON FRIEDMAN