Inflation is the one form of taxation that can be imposed without legislation.
MILTON FRIEDMANThe great achievements of civilization have not come from government bureaus.
More Milton Friedman Quotes
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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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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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Is it really true that political self-interest is nobler somehow than economic self-interest?
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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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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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Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
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You never can cure poverty. Poverty is in the eye of the beholder.
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The power to do good is also the power to do harm.
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You know there are very few Marxists left in the world they’re all in American universities.
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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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Government is a way by which every individual believes he can live at the expense of everybody else.
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If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.
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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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The government solution to a problem is usually as bad as the problem.
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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.
MILTON FRIEDMAN