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More Quotes by Milton Friedman
The only corporate social responsibility a company has is to maximize its profits.
If capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.
The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.
Corruption is government intrusion into market efficiencies in the form of regulations.
The government doesn't have any money. The only power it has is to take from some and give to others.
The government solution to a problem is usually as bad as the problem.
Nobody spends somebody else's money as carefully as he spends his own.
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.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
