Milton Friedman Quotes About Free Market

Quotes about: Free Market

• 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

• 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.

• The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

  Milton Friedman

  Government, Civilization, Agriculture

  "Capitalism and Freedom: Fortieth Anniversary Edition".

• 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.

  Milton Friedman

  Party, Believe, Simple

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.31, Houghton Mifflin Harcourt

• So that the record of history is absolutely crystal clear that there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free-enterprise system.

  Milton Friedman

  Government, People, Ordinary

  "The Phil Donahue Show", www.youtube.com. 1979.

• 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.

• Indeed, 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.

  Milton Friedman

  Thinking, People, Giving

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

  Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

  Milton Friedman

  Party, Pie, Liberty

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.31, Houghton Mifflin Harcourt

• The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the "rule of the game" and as an umpire to interpret and enforce the rules decided on.

  Milton Friedman

  Government, Games, Umpires

  "Capitalism and Freedom". Book by Milton Friedman, 1962.

• 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

• The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.

  Milton Friedman

  Letting Go, Weed, Loss

• 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

• Nobody spends somebody else's money as carefully as he spends his own.

  Milton Friedman

  Market Economy, Free Market, Economy And Economics

  Milton Friedman (1990). “Friedman in China”

• 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.

• What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.

  Milton Friedman

  Thinking, Giving, People

• The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way.

  Milton Friedman

  Running, Government, Self

  "The Phil Donahue Show", www.youtube.com. 1979.

• Columbus did not seek a new route to the Indies in response to a majority directive.

  Milton Friedman

  Majority, Investing, Columbus

• The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.

  Milton Friedman

  Decision, Important, Body

• The great achievements of civilization have not come from government bureaus.

  Milton Friedman

  Government, Civilization, Achievement

  "The Phil Donahue Show", www.youtube.com. 1979.

• The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

  Milton Friedman

  Freedom, Government, Opening Up

• "Free markets" is a very general term. There are all sorts of problems that will emerge. Free markets work best when the transaction between two individuals affects only those individuals. Most often, a transaction between you and me affects a third party. That is the source of all problems for government. That is the source of all pollution problems, of the inequality problem. This reality ensures that the end of history will never come.

  Milton Friedman

  Party, Reality, Government

  Source: www.huffingtonpost.com

• 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 Friedman

  Religious, Hate, Government

  Source: www.huffingtonpost.com

• The only reason free markets have a ghost of a chance is that they are so much more efficient than any other form of organization.

  Milton Friedman

  Organization, Chance, Ghost

  Source: www.huffingtonpost.com

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