With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
MILTON FRIEDMANHigher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
More Milton Friedman Quotes
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Inflation is the one form of taxation that can be imposed without legislation.
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Concentrated power is not rendered harmless by the good intentions of those who create it.
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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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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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When you start paying people to be poor, you wind up with an awful lot of poor people.
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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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If you cannot state a proposition clearly and unambiguously, you do not understand it.
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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
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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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You must distinguish sharply between being pro free enterprise and being pro business.
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The government solution to a problem is usually as bad as the problem.
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Society doesn’t have values. People have values.
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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.
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A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
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There’s no such thing as a free lunch.
MILTON FRIEDMAN