~Milton Friedman Quotes ~

[MysteRy]

Milton Friedman Quotes


An American economist, statistician, a professor at the University of Chicago, and the recipient of the Nobel Memorial Prize in Economic Sciences.
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, a professor at the University of Chicago, and the recipient of the Nobel Memorial Prize in Economic Sciences. Among scholars, he is best known for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. He was an economic advisor to U.S. President Ronald Reagan. Over time, many governments practiced his restatement of a political philosophy that extolled the virtues of a free market economic system with little intervention by government.

Here are some famous quotes by Milton Friedman.

Inflation is taxation without legislation.

[MysteRy]

Hell hath no fury like a bureaucrat scorned.

[MysteRy]

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

[MysteRy]

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

[MysteRy]

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

[MysteRy]

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

[MysteRy]

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

[MysteRy]

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

[MysteRy]

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

[MysteRy]

There is only one social responsibility of business - to use its resources and engage in activities designed to increase its profits without deception or fraud.

[MysteRy]

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.

[MysteRy]

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.