41 Quotes By Milton Friedman


Nothing is so permanent as a temporary government program.
Milton Friedman on government

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

The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.
Milton Friedman on government

The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
Milton Friedman on government

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.
Milton Friedman on great

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.
Milton Friedman on great

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.
Milton Friedman on history

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
Milton Friedman on history

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

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

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

Hell hath no fury like a bureaucrat scorned.
Milton Friedman on politics

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

The power to do good is also the power to do harm.
Milton Friedman on power

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

We have a system that increasingly taxes work and subsidizes nonwork.
Milton Friedman on society

Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?
Milton Friedman on society

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

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

The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.
Milton Friedman on work