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.
MILTON FRIEDMANI would say that in this world, the greatest source of inequality has been special privileges granted by government.
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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We have a system that increasingly taxes work and subsidizes nonwork.
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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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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.
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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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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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Political freedom means the absence of coercion of a man by his fellow men.
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Inflation is the one form of taxation that can be imposed without legislation.
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There’s no such thing as a free lunch.
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The excuse for the destruction of liberty is always the plea of necessary ‘ that there is no alternative.
MILTON FRIEDMAN -
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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You must distinguish sharply between being pro free enterprise and being pro business.
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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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The problem in this world is to avoid concentration of power – we must have a dispersion of power.
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In the 1960s, The National Education Association changed its character. The NEA changed into a union. And from that point on you can see deterioration in the quality of schooling in the United States.
MILTON FRIEDMAN