Milton Friedman Quotes About Power

Quotes about: Power

• 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

• The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.

  Milton Friedman

  Trust, Mistake, Independent

• The power to do good is also the power to do harm.

  Milton Friedman

  Power, Harm

  Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.3, University of Chicago Press

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