Milton Friedman Quotes About Economics

Quotes about: Economics

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

  Milton Friedman

  Freedom, Liberty, Libertarian

  Milton Friedman, Rose D. Friedman (2002). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.15, University of Chicago Press

• Nothing is so permanent as a temporary government program.

  Milton Friedman

  Government, Liberty, Libertarian

  Quoted in Cleveland Plain Dealer, 27 Oct. 1993

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

  Milton Friedman

  Cutting, Liberty, Taxation

  "Conservatives Betrayed: How George W. Bush and Other Big Government Republicans Hijacked the Conservative Cause". Book by Richard A. Viguerie, 2006.

• You know there are very few Marxists left in the world... they're all in American universities.

  Milton Friedman

  America, World, Economic

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

  Milton Friedman

  Government, Years, Political

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

  Milton Friedman

  Philosophy, Government, People

• We have a system that increasingly taxes work and subsidizes nonwork.

  Milton Friedman

  Lazy, Society, Liberty

• If a tax cut increases government revenues, you haven't cut taxes enough.

  Milton Friedman

  Cutting, Government, Politics

  "Milton Friedman's Last Lunch" by Mark Skousen, www.forbes.com. November 24, 2006.

• 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.

  Milton Friedman

  Hate, Color, People

  "Why Government Is the Problem". Book by Milton Friedman, February 1, 1993.

• One of the great mistakes is to judge policies and programs by their intentions rather than their results.

  Milton Friedman

  Mistake, Judging, Politics

  Interview with Richard Heffner on "The Open Mind", December 7, 1975.

• Most of the energy of political work is devoted to correcting the effects of mismanagement of government.

  Milton Friedman

  Government, Cynical, Political

• Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in 'The General Theory of Employment, Interest and Money,' set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!

  Milton Friedman

  Beautiful, Mean, Men

  Opinion Journal, July 22, 2006.

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

  Milton Friedman

  Freedom, Equality, Degrees

• The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

  Milton Friedman

  Freedom, Business, Party

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

  Milton Friedman

  Power, Liberty, Libertarian

  Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.201, University of Chicago Press

• Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.

  Milton Friedman

  Wisdom, Knowledge, Mean

• Political leaders in capitalist countries who cheer the collapse of socialism in other countries continue to favor socialist solutions in their own. They know the words, but they have not learned the tune.

  Milton Friedman

  Country, Cheer, Leader

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.9, Houghton Mifflin Harcourt

• 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.

  Milton Friedman

  People, Political, Liberty

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.20, Houghton Mifflin Harcourt

• Inflation is taxation without legislation.

  Milton Friedman

  Money, Taxation, Conservative

• Governments never learn. Only people learn.

  Milton Friedman

  Philosophy, Government, People

  "The Cynic's Lexicon: A Dictionary Of Amoral Advice‎". Book by Jonathon Green, 1984.

• Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.

  Milton Friedman

  Army, Two, Liberty

  Milton Friedman (2017). “Milton Friedman on Freedom: Selections from The Collected Works of Milton Friedman”, p.28, Hoover Press

• The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.

  Milton Friedman

  Freedom, People, Together

• There's no such thing as a free lunch.

  Milton Friedman

  Lunch Break, Economics, Ecological Crisis

  1973 Lecture. The phrase is thought to have been coined anonymously, perhaps referring to the 19c US tradition of supplying food in bars to patrons buying drinks.

• Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.

  Milton Friedman

  Support, Parent, Liberty

  Milton Friedman, William Richard Allen (1983). “Bright promises, dismal performance: an economist's protest”, Harcourt Brace Jovanovich Inc.

• Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.

  Milton Friedman

  Mistake, Trying, Bankers

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