Milton Friedman quotes

Governments never learn. Only people learn. (Milton Friedman)
The government solution to a problem is usually as bad as the problem and very often makes the problem worse. View quote
Milton Friedman
Nothing is so permanent as a temporary government program. View quote
Milton Friedman
A major source of objection to a free economy is precisely that it ... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself. View quote
Milton Friedman
One of the great mistakes is to judge policies and programs by their intentions rather than their results. View quote
Milton Friedman
I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal. View quote
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. View quote
Milton Friedman
Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence. View quote
Milton Friedman
Inflation is always and everywhere a monetary phenomenon. View quote
Milton Friedman
There's no such thing as a free lunch. View quote
Milton Friedman
Most of the energy of political work is devoted to correcting the effects of mismanagement of government. (Milton Friedman)
So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible And my answer to that is, no they do not. View quote
Milton Friedman
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government. View quote
Milton Friedman
History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition. View quote
Milton Friedman
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals the technique of the marketplace. View quote
Milton Friedman
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. View quote
Milton Friedman
The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of a country. View quote
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. View quote
Milton Friedman
I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money and equally of no sharp decline in the stock of money that was not accompanied by a severe depression. View quote
Milton Friedman
There's a smokestack on the back of every government program. View quote
Milton Friedman
If we have system in which government is in a position to give large favor - it's human nature to try to get this favor - whether those people are large enterprises, or whether they're small businesses like farmers, or whether they're representatives of any other special group. The only way to prevent that is to force them to engage in competition one with the other. (Milton Friedman)
I am convinced that the minimum-wage law is the most anti-Negro law on our statute books-in its effect, not its intent. View quote
Milton Friedman
Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in The General Theory of Employment, Interest and Money, set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man! View quote
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. View quote
Milton Friedman
In a free society, it is hard for "good” people to do "good,” but that is a small price to pay for making it hard for "evil” people to do "evil,” especially since one man's good is anther's evil. View quote
Milton Friedman