The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
MILTON FRIEDMANI 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.
More Milton Friedman Quotes
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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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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.
MILTON FRIEDMAN -
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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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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Corruption is government intrusion into market efficiencies in the form of regulations.
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Hell hath no fury like a bureaucrat scorned.
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Nothing is so permanent as a temporary government program.
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Society doesn’t have values. People have values.
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Governments never learn. Only people learn.
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The great achievements of civilization have not come from government bureaus.
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There’s no such thing as a free lunch.
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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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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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One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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If you pay people not to work and tax them when they do, don’t be surprised if you get unemployment.
MILTON FRIEDMAN