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Milton Friedman quotes

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.

We have a system that increasingly taxes work and subsidizes nonwork.

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

The government solution to a problem is usually as bad as the problem.

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

Concentrated power is not rendered harmless by the good intentions of those who create it.

Nothing is so permanent as a temporary government program.

The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.

Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

Inflation is taxation without legislation.

Most of the energy of political work is devoted to correcting the effects of mismanagement of government.

Underlying most arguments against the free market is a lack of belief in freedom itself.

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.

Governments never learn. Only people learn.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way.