Best Milton Friedman Famous Quotes & Sayings

List of top 34 famous quotes and sayings about best milton friedman to read and share with friends on your Facebook, Twitter, blogs.

Top 34 Best Milton Friedman Quotes

#1. The fall of the Berlin Wall did more for the progress of freedom than all of the books written by myself or Friedrich Hayek or others. - Author: Milton Friedman
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#2. So long as large sums of money are involved - and they are bound to be if drugs are illegal - it is literally impossible to stop the traffic, or even to make a serious reduction in its scope. - Author: Milton Friedman
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#3. I think that the Internet is going to be one of the major forces for reducing the role of government. - Author: Milton Friedman
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#4. I think in some ways it would make more sense to have as a poverty level a relative concept and say, the level of poverty is that level of income or that level of consumption below which 10 percent of the people now are. - Author: Milton Friedman
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#5. Milton Friedman's misfortune is that his economic policies have been tried. - Author: John Kenneth Galbraith
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#6. If you really want to engage in policy activity, don't make that your vocation. Make it your avocation. Get a job. Get a secure base of income. Otherwise, you're going to get corrupted and destroyed. - Author: Milton Friedman
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#7. The facts never speak for themselves. They have to be interpreted in terms of some understanding of where they come from and what the relation between them is. - Author: Milton Friedman
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#8. The preservation of liberty, not the promotion of efficiency, is the primary justification for private property. Efficiency is a happy, though not accidental, by-product - and a most important by-product because liberty could not have survived if it had not also produced affluence. - Author: Milton Friedman
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#9. There's no such thing as a free lunch. - Author: Milton Friedman
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#10. [U]nemployment is ... a side effect of the cure for inflation. - Author: Milton Friedman
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#11. To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states. - Author: Milton Friedman
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#12. Corruption is government intrusion into market efficiencies in the form of regulations. - Author: Milton Friedman
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#13. The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933. - Author: Milton Friedman
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#14. The Internet moves us closer to "perfect information" on markets. Individuals and companies alike can buy and sell across borders and jurisdictions wherever they find the best match of supply and demand. - Author: Milton Friedman
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#15. My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving while there are unused resources ... people having skills which are not being used. - Author: Milton Friedman
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#16. Silence was pleased. - Author: Milton Friedman
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#17. When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all. - Author: Paul Samuelson
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#18. Thanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been. ...
And because of our efforts, we have earned our salaries ten-thousand fold. - Author: Milton Friedman
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#19. The only corporate social responsibility a company has is to maximize its profits. - Author: Milton Friedman
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#20. Socialism, in the traditional sense, meant government ownership and operation of the means of production. Outside of North Korea and a couple of other spots, no one in the world today would define socialism that way. That will never come back. - Author: Milton Friedman
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#21. The case against a fully independent central bank is strong indeed. - Author: Milton Friedman
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#22. The nineteenth-century liberal regarded an extension of freedom as the most effective way to promote welfare and equality; the twentieth-century liberal regards welfare and equality as either prerequisites of or alternatives to freedom. - Author: Milton Friedman
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#23. It all would have been much better if individuals saved for their own old age. - Author: Milton Friedman
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#24. Every person shall be free to do good ' at his own expense. - Author: Milton Friedman
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#25. The Soviet experience was much worse than experts in the West had thought. That discovery had a tremendous impact both on the intellectual community and on the public at large. - Author: Milton Friedman
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#26. Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression. - Author: Milton Friedman
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#27. The power to determine the quantity of money ... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power. - Author: Milton Friedman
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#28. 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. - Author: Milton Friedman
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#29. In response to a suggestion that total free trade would end in cheaper foreign products flooding the market and causing unemployment. - Author: Milton Friedman
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#30. If you cannot state a proposition clearly and unambiguously, you do not understand it. - Author: Milton Friedman
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#31. You must distinguish sharply between being pro free enterprise and being pro business. - Author: Milton Friedman
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#32. If freedom led to wider inequality, I would prefer that to a world in which I got artificial equality at the expense of freedom. My objective, my god ... is freedom of individuals to pursue their own values. - Author: Milton Friedman
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#33. Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of any other measure that would accomplish so much to promote law and order? - Author: Milton Friedman
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#34. Inflation is taxation without representation. - Author: Milton Friedman
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