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More Quotes by Milton Friedman
Nobody spends somebody else's money as carefully as he spends his own.
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it. When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on. When a man spends someone else's money to buy something for himself, he is very careful about what he buys, but doesn't care at all how much he spends. And when a man spends someone else's money on someone else, he does't care how much he spends or what he spends it on. And that's government for you.
Since the 1930s the technique of buying votes with the voters' own money has been expanded to an extent undreamed of by earlier politicians.
A society that puts equality — in the sense of equality of outcome — ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.
You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.
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.
Corruption is government intrusion into market efficiencies in the form of regulations.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
