Milton Friedman Quotes
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Sharing the ideas of economist & Nobel laureate Milton Friedman (1912-2006) 🗽 Follow: @FAHayekSays and @DailySowell. Subscribe to support my work.
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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 Quotes632,587 views • 1 month ago
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 Quotes1,398,282 views • 6 months ago
Left-wing activist throws pie in Milton Friedman’s face
Milton Friedman Quotes1,632,534 views • 9 months ago
Milton Friedman: “Don’t look at what the proponents of one system or another say are their intentions. Look at what the actual results are.” “Socialism, which means government ownership and operation of means of production, has appealed to high-minded, fine people, people of idealistic views, because of the supposed objectives of socialism.” “But you have to ask the question: does the system, no matter what its proponents say, produce those results? Once you look at the results, it’s crystal clear that they do not. Social injustice is clearly greatest where you have central control.”
Milton Friedman Quotes260,400 views • 1 month ago
Milton Friedman casually dismantles the “capitalism = greed & exploitation” narrative on national television: “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. If you want to know where the masses are worst off, it’s exactly in the kinds of societies that depart from 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 free enterprise.”
Milton Friedman Quotes78,779 views • 21 days ago
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 Quotes823,183 views • 8 months ago
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 Quotes599,084 views • 9 months ago
Milton Friedman educates young idealist advocating 100% inheritance tax: “What is the effect of a 100% inheritance tax? To encourage people to dissipate their wealth in high living.” “Where do you get the factories, the machines, the capital investment, the incentive to improve technology, if what you’re doing is to establish a society in which the incentive is for people who, if they by accident accumulate some wealth, to waste it in frivolous entertainment?”
Milton Friedman Quotes106,609 views • 1 month ago
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 Quotes189,322 views • 3 months ago
Milton Friedman on the insidious effects of welfare: “The people who get on welfare lose their human independence and feeling of dignity. They become subject to the dictates and whims of their welfare supervisor.” “They’re treated like children, not like responsible adults, and they’re trapped in the system. Maybe a job comes up that looks better than welfare, but they’re afraid to take it because if they lose it after a few months, it may be six months or nine months before they can get back on to welfare. As a result, this becomes a self-perpetuating cycle, rather than simply a temporary state of affairs.”
Milton Friedman Quotes72,094 views • 1 month ago
SAVAGE MODE: Milton Friedman rebukes the National Association of Manufacturers while addressing its members in 1978. “If you want to see a clear sign of the direction in which we have been moving, it is the fact that this meeting today is being held in Washington, D.C. There have been 81, I am told, previous congresses of the National Association of Manufacturers. Not a single one was held here. Most of them was held in New York. You have now moved your offices, and a few years later this congress to Washington. Why? Because you have recognized increasingly that your masters are no longer primarily your customers, but increasingly government bureaucrats, elected and non-elected. I don’t blame you for recognizing the change. You would be myopic in the extreme if you did not recognize that is what happened. It is understandable that you choose to hold your meeting where the real power is, but it is a very clear sign of what has been happening in this country.”
Milton Friedman Quotes17,312 views • 8 days ago
One reason government has been able to keep taxes high is that much of the burden is hidden. 1) Withholding makes income taxes less visible by deducting them before workers receive their pay. 2) Terms such as “corporate taxes” make it seem like corporations, not people, are paying the taxes. Milton Friedman reminds us: “Business can’t pay taxes—only people can pay taxes.”
Milton Friedman Quotes52,179 views • 1 month ago
Milton Friedman: “Economists don’t know much, but there’s one thing we know very, very well—and that’s how to produce shortages.” “You want a shortage of housing in New York City? Set a maximum price on rent, and you will have a shortage of housing.”
Milton Friedman Quotes149,443 views • 3 months ago
