Quotation (n): The act of repeating erroneously the words of another. (Ambrose Bierce)

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Milton Friedman Quotes

» History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

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» A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

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» Governments never learn. Only people learn.

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» Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

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

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» 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.

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

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

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» The power to do good is also the power to do harm.

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» Never try to walk across a river just because it has an average depth of four feet.

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