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Milton Friedman Quotes


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Quotes by Milton Friedman

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Inflation is taxation without legislation.

~Milton Friedman

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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

~Milton Friedman

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The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

~Milton Friedman

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There's no such thing as a free lunch.

~Milton Friedman

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

~Milton Friedman

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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

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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

~Milton Friedman

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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

~Milton Friedman

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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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Underlying most arguments against the free market is a lack of belief in freedom itself.

~Milton Friedman

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Biography

Nationality: American

Type: Economist

Born: July 31st, 1912

Died: November 16th, 2006

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