Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
MILTON FRIEDMANOne of the great mistakes is to judge policies and programs by their intentions rather than their results.
More Milton Friedman Quotes
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You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.
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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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The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can’t do that.
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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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Only a crisis, actual or perceived, produces real change.
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The unions might be good for the people who are in the unions but it doesn’t do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn’t do a thing for them.
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Nobody spends somebody else’s money as carefully as he spends his own.
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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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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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The combination of economic and political power in the same hands is a sure recipe for tyranny.
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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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You cannot simultaneously have free immigration and a welfare state.
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Political freedom means the absence of coercion of a man by his fellow men.
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There’s nothing that does so much harm as good intentions.
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Governments never learn. Only people learn.
MILTON FRIEDMAN