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Top 300 Milton Friedman Quotes (2023 Update)
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Milton Friedman Quote: “You never have real changes unless you have a time of crisis.”
Milton Friedman Quote: “Now that I’m 60, every morning I look in the mirror and say, “I don’t know who you are, stranger, but I’m gonna shave you anyway”.”
Milton Friedman Quote: “The evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been.”
Milton Friedman Quote: “If China don’t free up the political side, its economic growth will come to an end – while it is still at a very low level.”
Milton Friedman Quote: “The euro is going to be a big source of problems, not a source of help.”
Milton Friedman Quote: “The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.”
Milton Friedman Quote: “We had much freer trade in the 19th century. We have much less globalization now than we did then.”
Milton Friedman Quote: “We have a freer world because of the collapse of the Soviet Union and the changes in China. Those two have been the main contributors to freedom in our time.”
Milton Friedman Quote: “Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay.”
Milton Friedman Quote: “Political freedom means the absence of coercion of a man by his fellow men.”
Milton Friedman Quote: “There’s a smokestack on the back of every government program.”
Milton Friedman Quote: “What does it mean to say that government might have a responsibility? Government can’t have a responsibility any more than the business can. The only entities which can have responsibilities are people.”
Milton Friedman Quote: “Anything that government can do, private enterprise can do for half the cost.”
Milton Friedman Quote: “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.”
Milton Friedman Quote: “The big problem for a democratic government – democrat with a small “d” – is how to hold down government spending.”
Milton Friedman Quote: “It’s a moral problem that the government is making into criminals people, who may be doing something you and I don’t approve of, but who are doing something that hurts nobody else.”
Milton Friedman Quote: “Sloppy writing reflects sloppy thinking.”
Milton Friedman Quote: “One role of prohibition is in making the drug market more lucrative.”
Milton Friedman Quote: “By encouraging men to spy and report on one another, by making it in the private interest of large numbers of citizens to evade the controls, and by making actions illegal that are in the public interest, the controls undermine individual morality.”
Milton Friedman Quote: “Anybody who was easily converted was not worth converting.”
Milton Friedman Quote: “The long-range sloution to high unemployment is to increase the incentive for ordinary people to save, invest, work, and employ others. We make it costly for employers to employ people; we subsidize people not to go to work We have a system that increasingly taxes work and subsidizes nonwork.”
Milton Friedman Quote: “The price works so well, so efficiently, that we are not aware of it most of the time.”
Milton Friedman Quote: “Reality ensures that the end of history will never come.”
Milton Friedman Quote: “If freedom were not so economically efficient it certainly wouldn’t stand a chance.”
Milton Friedman Quote: “Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or Brazil with a lower tax?”
Milton Friedman Quote: “Americans know very little about social statistics, but I am not sure that it’s important that Americans know about social statistics.”
Milton Friedman Quote: “Why is it that private insurance companies are not in trouble because people are getting older? Aren’t they subject to the same demographics? The difference is that they’ve accumulated a fund, not a pay-in, pay-out system.”
Milton Friedman Quote: “The broader and more influential organisations of businessmen have acted to undermine the basic foundation of the free market system they purport to represent and defend.”
Milton Friedman Quote: “Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition.”
Milton Friedman Quote: “You never can cure poverty. Poverty is in the eye of the beholder.”
Milton Friedman Quote: “The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can’t do that.”
Milton Friedman Quote: “The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.”
Milton Friedman Quote: “Society doesn’t have values. People have values.”
Milton Friedman Quote: “Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all.”
Milton Friedman Quote: “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 the country.”
Milton Friedman Quote: “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 Quote: “What is not forbidden in Sweden, is obligatory.”
Milton Friedman Quote: “Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery.”
Milton Friedman Quote: “The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.”
Milton Friedman Quote: “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.”
Milton Friedman Quote: “Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.”
Milton Friedman Quote: “When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought through, and are made effective.”
Milton Friedman Quote: “Most of the energy of political work is devoted to correcting the effects of mismanagement of government.”
Milton Friedman Quote: “The family, rather than the individual, has always been and remains today the basic building block of our society, though its hold has clearly been weakening – one of the most unfortunate consequences of the growth of government paternalism.”
Milton Friedman Quote: “Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”
Milton Friedman Quote: “The great achievements of civilization have not come from government bureaus.”
Milton Friedman Quote: “Government is a way by which every individual believes he can live at the expense of everybody else.”
Milton Friedman Quote: “History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.”
Milton Friedman Quote: “One man’s opportunism is another man’s statesmanship.”
Milton Friedman Quote: “You must distinguish sharply between being pro free enterprise and being pro business.”
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