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Milton Friedman quotes

American Economist July 31, 1912 – November 16, 2006

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Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery. The nineteenth century and early twentieth century in the Western world stand out as striking exceptions to the general trend of historical development. Political freedom in this instance clearly came along with the free market and the development of... Milton Friedman
I say thank God for government waste. If government is doing bad things, it's only the waste that prevents the harm from being greater. 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
There is still a tendency to regard any existing government intervention as desirable, to attribute all evils to the market, and to evaluate new proposals for government control in their ideal form, as they might work if run by able, disinterested men free from the pressure of special interest groups. Milton Friedman
There is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud Milton Friedman
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
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
We do not influence the course of events by persuading people that we are right when we make what they regard as radical proposals. Rather, we exert influence by keeping options available when something has to be done at a time of crisis. Milton Friedman
Political freedom means the absence of coercion of a man by his fellow men. The fundamental threat to freedom is power to coerce, be it in the hands of a monarch, a dictator, an oligarchy, or a momentary majority. The preservation of freedom requires the elimination of such concentration of power to the fullest possible extent and the dispersal and distribution of whatever power cannot be eliminated? a system of checks and balances. Milton Friedman
The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next 25 or 50 years. And the thing that I will really be proud of is if some of the work I have done is still cited in the text books long after I am gone. Milton Friedman
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
Milton Friedman quote: "The most important single central fact about a free market is..."
The most important single central fact about a free market is that no exchange takes place unless both parties benefit. Milton Friedman
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

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