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Milton Friedman quotes

American Economist July 31, 1912 – November 16, 2006

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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves. Milton Friedman
Milton Friedman quote: "There's no such thing as a free lunch."
There's no such thing as a free lunch. Milton Friedman
Milton Friedman quote: "The only relevant test of the validity of a hypothesis is..."
The only relevant test of the validity of a hypothesis is comparison of prediction with experience. Milton Friedman
Milton Friedman quote: "I am favor of cutting taxes under any circumstances and for..."
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. Milton Friedman
Milton Friedman quote: "The government solution to a problem is usually as bad as the..."
The government solution to a problem is usually as bad as the problem. Milton Friedman
We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas. Milton Friedman
Milton Friedman quote: "Hell hath no fury like a bureaucrat scorned."
Hell hath no fury like a bureaucrat scorned. Milton Friedman
Milton Friedman quote: "If you put the federal government in charge of the Sahara..."
If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand. Milton Friedman
Milton Friedman quote: "Nothing is so permanent as a temporary government program."
Nothing is so permanent as a temporary government program. Milton Friedman
Milton Friedman quote: "There is no place for government to prohibit consumers from..."
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves Milton Friedman
Milton Friedman quote: "If you put the federal government in charge of the Sahara..."
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. Milton Friedman
Milton Friedman quote: "Inflation is the one form of taxation that can be imposed..."
Inflation is the one form of taxation that can be imposed without legislation. Milton Friedman
Milton Friedman quote: "Inflation is taxation without legislation."
Inflation is taxation without legislation. Milton Friedman

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