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.
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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You must distinguish sharply between being pro free enterprise and being pro business.
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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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One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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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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A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
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The excuse for the destruction of liberty is always the plea of necessary ‘ that there is no alternative.
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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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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
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With respect to teachers’ salaries …. Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority.
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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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The only corporate social responsibility a company has is to maximize its profits.
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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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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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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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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Inflation is the one form of taxation that can be imposed without legislation.
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Is it really true that political self-interest is nobler somehow than economic self-interest?
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Society doesn’t have values. People have values.
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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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The government solution to a problem is usually as bad as the problem.
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Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
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Since the 1930s the technique of buying votes with the voters’ own money has been expanded to an extent undreamed of by earlier politicians.
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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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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 great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.
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Corruption is government intrusion into market efficiencies in the form of regulations.
MILTON FRIEDMAN