Quotes by Milton Friedman

Milton Friedman

Milton Friedman

American economist

Lived from: 1912 - 2006

Category: Business and entrepreneurs Country: FlagUnited States

Born: 31 july 1912 Died: 16 november 2006

  • History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
  • A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
  • Concentrated power is not rendered harmless by the good intentions of those who create it.

Quotes 1 till 14 of 14.

  • Governments never learn. Only people learn.
    ― Milton Friedman
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  • History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
    ― Milton Friedman
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  • Never try to walk across a river just because it has an average depth of four feet.
    ― Milton Friedman
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  • A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
    ― Milton Friedman
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  • Concentrated power is not rendered harmless by the good intentions of those who create it.
    ― Milton Friedman
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  • Hell hath no fury like a bureaucrat scorned.
    ― Milton Friedman
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  • History suggests only that capitalism is a necessary condition for political freedom
    Source: Capitalism and Freedom (1962) Ch. 1
    ― Milton Friedman
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  • Inflation is always and everywhere a monetary phenomenon.
    Source: The Counter-Revolution in Monetary Theory (1970)
    ― Milton Friedman
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  • Inflation is one form of taxation that can be imposed without legislation.
    ― Milton Friedman
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  • Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
    ― Milton Friedman
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  • The government solution to a problem is usually as bad as the problem.
    ― Milton Friedman
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  • The power to do good is also the power to do harm.
    ― Milton Friedman
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  • The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
    ― Milton Friedman
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  • There's no such thing as a free lunch.
    ― Milton Friedman
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