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Top 300 Milton Friedman Quotes (2025 Update)
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Milton Friedman Quote: “We do not influence the course of events by persuading people that we are right when we make what they regard as radical proposals. Rather, we exert influence by keeping options available when something has to be done at a time of crisis.”
Milton Friedman Quote: “In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism.”
Milton Friedman Quote: “The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the “rule of the game” and as an umpire to interpret and enforce the rules decided on.”
Milton Friedman Quote: “On another level compulsion would change matters drastically: the kind of society that would emerge if such acts of redistribution were voluntary is altogether different – and, by our standards, infinitely preferable – to the kind that would emerge if redistribution were compulsory.”
Milton Friedman Quote: “The “something” that connects the two transactions is called money, and it has taken innumerable physical forms – from stones to feathers to tobacco to shells to copper, silver, and gold to pieces of paper and entries in ledger books. Who knows what will be the future incarnations of money? Computer bytes?”
Milton Friedman Quote: “It is a mark of the political freedom of a capitalist society that men can openly advocate and work for socialism.”
Milton Friedman Quote: “We want to avoid competition; and yet its the competition that protects us in various forms.”
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