Milton Friedman Quotes
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Daily quotes from economist & Nobel laureate Milton Friedman (1912-2006) 🗽 More quotes: @FAHayekSays, @DailySowell, @MileiSays
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Milton Friedman responds to a heckler asking if he’s ever been poor: “Of course, more so than most people in this room. How many of you have worked a 12-hour day and gotten paid 78 cents?” “But that’s irrelevant—is there one of you who is going to say you don’t want a doctor to treat you for cancer unless he himself has had cancer?”
Milton Friedman Quotes188,770 次观看 • 8 天前
Milton Friedman on how ‘social justice’ destroys a society: “If I have a philosophy that everything belongs to society—if something happens to me, that’s not my fault, that’s because society did it to me—then the whole concept of property loses its role.” “Why shouldn’t I steal? Why shouldn’t I destroy property? After all, it’s nobody’s. It belongs to everybody, so it belongs to nobody.” “Moreover, if I happened to be in a lower-income group, or a deprived social group, or a discriminated-against racial group, that’s the malevolence of other people. It’s not my fault, and I have every right to get back at them.”
Milton Friedman Quotes56,168 次观看 • 3 天前
Milton Friedman: “I am not a conservative. I’ve never been a conservative. Hayek was not a conservative.” “We are liberals in the true meaning of that term: concerned with freedom. We are not liberals in the current distorted sense—those liberal with other people’s money.”
Milton Friedman Quotes1,390,467 次观看 • 3 个月前
Milton Friedman: “Tell me, is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed?” “The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way.” “The only cases in which the masses have escaped from the kind of grinding poverty you’re talking about are where they have had capitalism and largely free trade.”
Milton Friedman Quotes38,610 次观看 • 3 天前
Milton Friedman on inflation: “Inflation is just like alcoholism. In both cases when you start drinking or when you start printing too much money, the good effects come first. The bad effects only come later.” “That’s why in both cases there is a strong temptation to overdo it: to drink too much and to print too much money.” “When it comes to the cure, it’s the other way around. When you stop drinking or when you stop printing money, the bad effects come first and the good effects only come later.” “That’s why it’s so hard to persist with the cure.”
Milton Friedman Quotes56,131 次观看 • 8 天前
Milton Friedman on 4 ways to spend money: 1) Your money on yourself (you’re careful about both cost and quality) 2) Your money on others (you care about cost, less about quality) 3) Someone else’s money on yourself (you care about quality, not cost) 4) Someone else’s money on others (you care about neither) The last one is how government spending works.
Milton Friedman Quotes285,498 次观看 • 1 个月前
Milton Friedman: “Wherever the free market has been permitted to operate, the ordinary man has been able to attain levels of living never dreamed of before.” “Nowhere are the rich richer and the poor poorer than in those societies that do not permit the free market to operate.”
Milton Friedman Quotes93,907 次观看 • 19 天前
Milton Friedman on 4 ways to spend money: 1) Your money on yourself (you’re careful about both cost and quality) 2) Your money on others (you care about cost, less about quality) 3) Someone else’s money on yourself (you care about quality, not cost) 4) Someone else’s money on others (you care about neither) The last one is how government spending works 🚨
Milton Friedman Quotes821,859 次观看 • 5 个月前
Milton Friedman: “Everywhere and at all times, economic progress has meant far more to the poor than to the rich.” “Wherever progress has been achieved, it has relieved the poor from back-breaking toil. It has also enabled them to enjoy the comforts and conveniences that had always been available to the rich.”
Milton Friedman Quotes19,764 次观看 • 4 天前
Milton Friedman: “Over and over again, you’ll find that the reaction is: ‘What we’ve done in the past has not worked, but that’s because we haven’t done it right. We ought to spend more money on it.’” “I can understand that attitude in the 1930s when we had not sufficiently absorbed the experience of other countries. But it’s much harder to understand it in the 1970s when we now have 40 years of experience behind us.”
Milton Friedman Quotes21,753 次观看 • 5 天前
Milton Friedman: “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.” “If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing.”
Milton Friedman Quotes596,467 次观看 • 6 个月前
Milton Friedman on government’s four major functions: 1) Ensure national defense 2) Protect citizens from “abuse and coercion by other citizens” 3) Define and uphold private property rights 4) Maintain a judicial system to adjudicate disputes and enforce rules
Milton Friedman Quotes141,688 次观看 • 1 个月前
Milton Friedman explains why our government keeps growing: “I don’t believe it’s true for a second that we have so much government because people have such demands upon government.” “We have so much government because once you get started in an area, it becomes a preserve of the people who can best take advantage of it, and they have a far greater interest in maintaining it than the population at large has in destroying it.”
Milton Friedman Quotes27,105 次观看 • 9 天前
