Nobody spends somebody else’s money as carefully as he spends his own.
MILTON FRIEDMAN
Freedom is a rare and delicate plant. Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power.
More Milton Friedman Quotes
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Nobody spends somebody else’s money as carefully as he spends his own.
MILTON FRIEDMAN -
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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There’s no point in comparing an actual, operating system with an ideal system that doesn’t exist.
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There’s nothing that does so much harm as good intentions.
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The word ‘free’ is used three times in the Declaration of Independence and once in the First Amendment to the Constitution, along with ‘freedom.’ The word ‘fair’ is not used in either of our founding documents.
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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.
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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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I would say that in this world, the greatest source of inequality has been special privileges granted by government.
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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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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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You never can cure poverty. Poverty is in the eye of the beholder.
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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.
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The only corporate social responsibility a company has is to maximize its profits.
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There’s no such thing as a free lunch.
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When you start paying people to be poor, you wind up with an awful lot of poor people.
MILTON FRIEDMAN