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Top 300 Milton Friedman Quotes (2023 Update)
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Milton Friedman Quote: “It doesn’t worry me a bit that China and Japan hold so much US debt. In a way, it seems foolish for them to do it because they get lower returns than they might elsewhere. But that is their business.”
Milton Friedman Quote: “The present oil crisis has not been produced by the oil companies. It is a result of government mismanagement exacerbated by the Mideast war.”
Milton Friedman Quote: “If even a small fraction of the money we now spend on trying to enforce drug prohibition were devoted to treatment and drug rehabilitation, in an atmosphere of compassion not punishment, the reduction in drug usage and in the harm done to users could be dramatic.”
Milton Friedman Quote: “None of this means that government does not have a very real function. Indeed, the tragedy is that because government is doing so many things it ought not to be doing, it performs the functions it ought to be performing badly. The basic functions of government are to defend the nation against foreign enemies, to prevent coercion of some individuals by others within the country, to provide a means of deciding on our rules, and to adjudicate disputes.3.”
Milton Friedman Quote: “So far as we know, no pollster has asked the public, “Are you getting your money’s worth for the more than 40 percent of your income being spent on your behalf by government?” But.”
Milton Friedman Quote: “The power to do good is also the power to do harm.”
Milton Friedman Quote: “Rich people are the experimental ground for every new development. The nature of progress is that what begins as a luxury for the rich becomes a necessity for the poor as it’s developed and passed on.”
Milton Friedman Quote: “Government spends somebody else’s money on somebody else.”
Milton Friedman Quote: “I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity.”
Milton Friedman Quote: “With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.”
Milton Friedman Quote: “When you argue for free markets, you are arguing against the trend.”
Milton Friedman Quote: “How did we make the transition from using wood to using coal, from using coal to using oil, from using oil to using natural gas? How in God’s name did we make that transition without a Federal Energy Agency?”
Milton Friedman Quote: “In the 1960s, The National Education Association changed its character. The NEA changed into a union. And from that point on you can see deterioration in the quality of schooling in the United States.”
Milton Friedman Quote: “John Lott documents how far ‘politically correct’ vested interests are willing to go to denigrate anyone who dares disagree with them. Lott has done us all a service by his thorough, thoughtful scholarly approach to a highly controversial issue.”
Milton Friedman Quote: “A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.”
Milton Friedman Quote: “A very different meaning of equality has emerged in the United States in recent decades – equality of outcome. Everyone should have the same level of living or of income, should finish the race at the same time. Equality of outcome is in clear conflict with liberty. The attempt to promote it has been a major source of bigger and bigger government, and of government-imposed restrictions on our liberty.”
Milton Friedman Quote: “I think a major reason why intellectuals tend to move towards collectivism is that the collectivist answer is a simple one. If there’s something wrong, pass a law and do something about it.”
Milton Friedman Quote: “The most harm of all is done when power is in the hands of people who are absolutely persuaded of the purity of their instincts – and the purity of their intentions.”
Milton Friedman Quote: “In all those cases, in accordance with the theme of this book, increases in economic freedom have gone hand in hand with increases in political and civil freedom and have led to increased prosperity; competitive capitalism and freedom have been inseparable.”
Milton Friedman Quote: “If a tax cut increases government revenues, you haven’t cut taxes enough.”
Milton Friedman Quote: “Germany’s problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.”
Milton Friedman Quote: “Although these examples only scratch the surface, they illustrate the fundamental proposition that freedom is one whole, that anything that reduces freedom in one part of our lives is likely to affect freedom in the other parts.”
Milton Friedman Quote: “Political leaders in capitalist countries who cheer the collapse of socialism in other countries continue to favor socialist solutions in their own. They know the words, but they have not learned the tune.”
Milton Friedman Quote: “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.”
Milton Friedman Quote: “The widespread enthusiasm for reducing government taxes and other impositions is not matched by a comparable enthusiasm for eliminating government programs – except programs that benefit other people. The.”
Milton Friedman Quote: “To the free man, the country is the collection of individuals who compose it, not something over and above them.”
Milton Friedman Quote: “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.”
Milton Friedman Quote: “The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.”
Milton Friedman Quote: “There seems little correlation between poverty and honesty. One would rather expect the opposite; dishonesty may not always pay but surely it sometimes does.”
Milton Friedman Quote: “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.”
Milton Friedman Quote: “It is extremely convenient to have a label for the political and economic viewpoint elaborated in this book. The rightful and proper label is liberalism. Unfortunately, “As a supreme, if unintended compliment, the enemies of the system of private enterprise have thought it wise to appropriate its label”,′ so that liberalism has, in the United States, come to have a very different meaning than it did in the nineteenth century or does today over much of the Continent of Europe.”
Milton Friedman Quote: “Japan has introduced fiscal stimulus five times in the past seven or eight years and each time it’s been a failure and that’s not a surprise. Fiscal stimulus is not stimulating in and of itself.”
Milton Friedman Quote: “The argument for collectivism is simple if false; it is an immediate emotional argument. The argument for individualism is subtle and sophisticated; it is an indirect rational argument. And the emotional faculties are more highly developed in most men than the rational, paradoxically or especially even in those who regard themselves as intellectuals.”
Milton Friedman Quote: “Germany cannot get out of the euro. What it has to do, therefore, is make the economy more flexible – to eliminate the restrictions on prices, on wages and on employment; in short, the regulations that keep 10 percent of the German workforce unemployed.”
Milton Friedman Quote: “Highway Congestion We all complain about highway congestion. That is interesting for a different reason. The private automobile industry is able to produce all the automobiles anybody wants to drive, but the government is apparently not able to produce a comparably adequate highway system, a clear contrast.”
Milton Friedman Quote: “The only reason free markets have a ghost of a chance is that they are so much more efficient than any other form of organization.”
Milton Friedman Quote: “Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above.”
Milton Friedman Quote: “Children are responsible individuals in embryo. They have ultimate rights of their own and are not simply the playthings of their parents.”
Milton Friedman Quote: “Politicians will always spend every penny of tax raised and whatever else they can get away with.”
Milton Friedman Quote: “The big issue is whether the United States will succeed in its venture of reshaping the Middle East. It is not clear to me that using military force is the way to do it. We should not have gone into Iraq. But we have.”
Milton Friedman Quote: “The case against a fully independent central bank is strong indeed.”
Milton Friedman Quote: “Social responsibility is a fundamentally subversive doctrine” in a free society, and have said that in such a society, “there is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”
Milton Friedman Quote: “The Great Depression in the United States was caused – I won’t say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.”
Milton Friedman Quote: “The growing role that the government has played in financing and administering schooling has led not only the enormous waste of taxpayers money but also to a far poorer educational system.”
Milton Friedman Quote: “The true test of any scholar’s work is not what his contemporaries say, but what happens to his work in the next twenty-five or fifty years. And the thing that I will really be proud of is if some of the work I have done is still cited in the text books long after I am gone.”
Milton Friedman Quote: “I think there is universal agreement within the economics profession that the decline – the sharp decline in the quantity of money played a very major role in producing the Great Depression.”
Milton Friedman Quote: “Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.”
Milton Friedman Quote: “China’s productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.”
Milton Friedman Quote: “Not all ‘schooling’ is ‘education,’ and not all ‘education’ is ‘schooling’.”
Milton Friedman Quote: “There is no person, no theorist so reckless as he who says that the facts speak for themselves.”
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