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Milton Friedman

Date of Birth:

31-Jul-1912

Nationality:

United States

Profession:

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QUOTES BY Milton Friedman

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.
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Milton Friedman

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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?
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Milton Friedman

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Making prohibition work is like making water run uphill; it's against nature.
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Milton Friedman

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Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above.
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Milton Friedman

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There is still a tendency to regard any existing government intervention as desirable, to attribute all evils to the market, and to evaluate new proposals for government control in their ideal form, as they might work if run by able, disinterested men free from the pressure of special interest groups.
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Milton Friedman

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Speeches by businessmen on social responsibility...may gain them kudos in the short run. But it helps to strengthen the already too prevalent view that the pursuit of profits is wicked.... There is one and only one social responsibility of business-to...engage in open and free competition without deception or fraud.
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Milton Friedman

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A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy.
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Milton Friedman

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There's no way to avoid a burden on your freedom. The costs themselves are a burden on your freedom. The restrictions that are necessary in order to get rid of the terrorists are a burden to your freedom. So there's no way in the short run to avoid a restriction on your freedom.
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Milton Friedman

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And where are you going to get these angels who are going to run society for us?
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Milton Friedman

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

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

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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.
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Milton Friedman

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