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.
MILTON FRIEDMANThere’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.
More Milton Friedman Quotes
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Nobody spends somebody else’s money as carefully as he spends his own.
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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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I am a libertarian with a small “l” and a Republican with a capital “R”. And I am a Republican with a capital “R” on grounds of expediency, not on principle.
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Corruption is government intrusion into market efficiencies in the form of regulations.
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Anything that government can do, private enterprise can do for half the cost.
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There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.
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You never can cure poverty. Poverty is in the eye of the beholder.
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Governments never learn. Only people learn.
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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 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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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
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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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Hell hath no fury like a bureaucrat scorned.
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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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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