There’s no doubt in my mind that Ronald Reagan was by far the greatest. Because he had real principles and he stuck by them. He made clear what he was going to do, and he did it. He didn’t back down.
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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I would say that in this world, the greatest source of inequality has been special privileges granted by government.
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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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When you start paying people to be poor, you wind up with an awful lot of poor people.
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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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If you pay people not to work and tax them when they do, don’t be surprised if you get unemployment.
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If you cannot state a proposition clearly and unambiguously, you do not understand it.
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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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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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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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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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You must distinguish sharply between being pro free enterprise and being pro business.
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Nobody spends somebody else’s money as carefully as he spends his own.
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We have a system that increasingly taxes work and subsidizes nonwork.
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A free man will ask neither what his country can do for him nor what he can do for his country.
MILTON FRIEDMAN