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There's no such thing as a free lunch. -Milton Friedman

Milton Friedman

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

― Milton Friedman

Milton Friedman

One of the great mistakes is to judge policies and programs by their intentions rather than their results.

― Milton Friedman

Milton Friedman

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

― Milton Friedman

Milton Friedman

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.

― Milton Friedman

Milton Friedman

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

― Milton Friedman

Milton Friedman

Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.

― Milton Friedman

Milton Friedman

If you pay people not to work and tax them when they do, don't be surprised if you get unemployment.

― Milton Friedman

Milton Friedman

Inflation is taxation without legislation.

― Milton Friedman

Milton Friedman

Inflation is the one form of taxation that can be imposed without legislation.

― Milton Friedman

Milton Friedman

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

― Milton Friedman

Milton Friedman

The only corporate social responsibility a company has is to maximize its profits.

― Milton Friedman

Milton Friedman

Why have we had such a decline in moral climate? I submit to you that a major factor has been a change in the philosophy which has been dominant, a change from belief in individual responsibility to belief in social responsibility. If you adopt the view that a man is not responsible for his own behavior, that somehow society is responsible, why should he seek to make his behavior good?

― Milton Friedman

Milton Friedman

You cannot simultaneously have free immigration and a welfare state.

― Milton Friedman

Milton Friedman

When you start paying people to be poor, you wind up with an awful lot of poor people.

― Milton Friedman

Milton Friedman

When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union - like public housing in the United States - look decrepit within a year or two of their construction.

― Milton Friedman

Milton Friedman

The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.

― Milton Friedman

Milton Friedman

The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

― Milton Friedman

Milton Friedman

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

― Milton Friedman

Milton Friedman

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.

― Milton Friedman

Milton Friedman

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