Best Milton Friedman Quotes I Wish I Had Read

Are you looking for Milton Friedman quotes? If yes, you have come to the right place.

We have compiled a list of Milton Friedman quotes for you to read.

Enjoy!

Milton Friedman Quotes

If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.

 

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

 

Underlying most arguments against the free market is a lack of belief in freedom itself.

 

Nothing is so permanent as a temporary government program. Governments never learn. Only people learn.

 

There’s no such thing as a free lunch.

 

Hell hath no fury like a bureaucrat scorned.

 

The government solution to a problem is usually as bad as the problem.

 

Concentrated power is not rendered harmless by the good intentions of those who create it.

 

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

 

I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.

 

There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.

 

With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.

 

The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.

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The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.

 

Thanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been. … And because of our efforts, we have earned our salaries ten-thousand fold.

 

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.

 

To the free man, the country is the collection of individuals who compose it, not something over and above them.

 

Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.

 

History suggests only that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

 

A major source of objection to a free economy is precisely that it … gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

 

The key insight of Adam Smith’s Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie that one party can gain only at the expense of another.

 

The proper role of government is to prevent other people from harming an individual.

 

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.

 

Inflation is taxation without legislation.

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