Inflation is the one form of taxation that can be imposed without legislation.
MILTON FRIEDMANI’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.
More Milton Friedman Quotes
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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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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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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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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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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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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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There’s no point in comparing an actual, operating system with an ideal system that doesn’t exist.
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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 combination of economic and political power in the same hands is a sure recipe for tyranny.
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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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You cannot simultaneously have free immigration and a welfare state.
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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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There’s nothing that does so much harm as good intentions.
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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.
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Only a crisis, actual or perceived, produces real change.
MILTON FRIEDMAN






