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Milton Friedman quotes about good

American Economist July 31, 1912 – November 16, 2006

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Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player. Milton Friedman
With respect to teachers' salaries .... Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority. Milton Friedman
Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power. Government is necessary to preserve our freedom, it is an instrument through which we can exercise our freedom; yet by concentrating power in political hands, it is also a threat to freedom. Even though the men who wield this power initially be of good will and even though they be not corrupted by the power they exercise, the power will both attract and form men of a different stamp. Milton Friedman
For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but... Milton Friedman
Milton Friedman quote: "Concentrated power is not rendered harmless by the good..."
Concentrated power is not rendered harmless by the good intentions of those who create it. Milton Friedman
Milton Friedman quote: "The power to do good is also the power to do harm."
The power to do good is also the power to do harm. Milton Friedman
The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them. Milton Friedman
Milton Friedman quote: "Only government can take perfectly good paper, cover it with..."
Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless. Milton Friedman

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