The only corporate social responsibility a company has is to maximize its profits.
MILTON FRIEDMANWhen 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.
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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I would say that in this world, the greatest source of inequality has been special privileges granted by government.
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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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We have a system that increasingly taxes work and subsidizes nonwork.
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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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Government is a way by which every individual believes he can live at the expense of everybody else.
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The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
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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 power to do good is also the power to do harm.
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Political freedom means the absence of coercion of a man by his fellow men.
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Only a crisis, actual or perceived, produces real change.
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Underlying most arguments against the free market is a lack of belief in freedom itself.
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I’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.
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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.
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If you cannot state a proposition clearly and unambiguously, you do not understand it.
MILTON FRIEDMAN