Milton Friedman Quotes About Efficiency

Quotes about: Efficiency

• 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

• Corruption is government intrusion into market efficiencies in the form of regulations.

  Milton Friedman

  Government, Market Efficiency, Regulation

• The preservation of liberty, not the promotion of efficiency, is the primary justification for private property. Efficiency is a happy, though not accidental, by-product - and a most important by-product because liberty could not have survived if it had not also produced affluence.

  Milton Friedman

  Important, Liberty, Affluence

• The argument for the free market is a complicated and sophisticated one and depends on demonstration of secondary effects. I have confidence market efficiency will win out.

  Milton Friedman

  Winning, Market Efficiency, Argument

  Source: www.huffingtonpost.com

• The important issue is not how much inequality there is but how much opportunity there is for individuals to get out of the bottom classes and into the top. If there is enough movement upward, people will accept the efficiency of the markets. If you have opportunity, there is a great tolerance for inequality. That has been the saving grace of the American system.

  Milton Friedman

  Opportunity, Class, Issues

  Source: www.huffingtonpost.com

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