Milton Friedman Daily
@MiltonFriedmanW • 57,358 subscribers
Preserving the ideas and legacy of economist & Nobel laureate Milton Friedman (1912–2006) 🗽 Related thinkers: @DailySowell and @VoLDaily.
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Milton Friedman: “In the long run, government will spend whatever the tax system will raise, plus as much more as it can get away with. That’s what history tells us.” “So my view has always been: cut taxes on any occasion, for any reason, in any way that’s politically feasible, as the only way to keep down the size of government.”
Milton Friedman Daily305,174 views • 14 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 Daily635,656 views • 2 months 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 Daily1,398,891 views • 7 months ago
Milton Friedman on why it is so hard to keep government from expanding: “The benefits from government tend to be concentrated. The costs tend to be dispersed.” “To each farmer, the subsidy he gets from the government means a great deal. To each of a much larger number of consumers, it costs very little.” “Consequently, those who feed at the trough of government tend to be politically much more powerful than those who provide the wherewithal.”
Milton Friedman Daily176,798 views • 1 month ago
Milton Friedman discusses how to improve America’s public school system: “Education ought to be a state and local matter, not a federal matter. It ought to be a parental matter. The responsibility for educating children is with their parents.” “In order to make it a parental matter, you have to have a situation in which the parents are free to choose the schools their children go to. They aren’t now.” “Today the schools pick the children. Children are assigned to schools by geography, by where they live. Essentially you’ve got a school picking its own children.” “Take the amount of money that we’re now spending on education, divide it by the number of children, and give that amount of money to each parent. We keep on spending that, but spend it in the form of vouchers going to all parents.”
Milton Friedman Daily61,169 views • 12 days ago
Milton Friedman: “When the law prohibits things that most people regard as moral and proper, they are going to break the law.” “And when people start breaking one set of laws, there is a strong tendency for the lack of respect for the law to extend to all, even those which everyone regards as moral and proper—laws against violence, theft, vandalism.”
Milton Friedman Daily20,605 views • 4 days ago
Left-wing activist throws pie in Milton Friedman’s face
Milton Friedman Daily1,633,080 views • 11 months ago
Milton Friedman on what happens when you have a very high 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 Daily178,783 views • 1 month ago
Milton Friedman on his ideal tax system: “If I could design my ideal tax system, it would contain an income tax. But it would not be the kind of monstrosity we have now. It would be a flat-rate tax on all income, from whatever source derived, less only a personal deduction and strict occupational expenses. That kind of an income tax, I think, would be the least inconsistent with a strong free-enterprise system.”
Milton Friedman Daily95,400 views • 1 month ago
Milton Friedman rebukes a school board member: “Why should you be able to tell John and Jane that they have to be proficient in a foreign language? Maybe they’d rather be proficient in music, mathematics, or something else.” “It’s just a demonstration of your willingness to replace their judgement by yours.”
Milton Friedman Daily70,941 views • 24 days 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 Daily260,713 views • 3 months 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 Daily823,719 views • 10 months ago
![Milton Friedman on why politicians love Keynesian economics: “The theory [of pump priming] was a godsend to politicians who had been grasping at any expedient. Throughout the ages, politicians have been only too willing to spend money.” “Here along came a scientific theory offered under the most responsible of auspices that justified what they had been wanting to do all along. Is it any wonder that government spending has exploded ever since?”](https://image.24vids.com/tw-2111855324013494373/amplify_video_thumb/2111853093973274624/img/fxinKvwon-mZZhKY.jpg)
Milton Friedman on why politicians love Keynesian economics: “The theory [of pump priming] was a godsend to politicians who had been grasping at any expedient. Throughout the ages, politicians have been only too willing to spend money.” “Here along came a scientific theory offered under the most responsible of auspices that justified what they had been wanting to do all along. Is it any wonder that government spending has exploded ever since?”
Milton Friedman Daily28,555 views • 10 days ago
Milton Friedman: “I’m not an anarchist. I believe that government has a very important role, but it’s a limited role. Because we’ve been trying to extend the role, we haven’t been doing what government ought to do as well as it should.” “We’ve been doing a terrible job on what ought to be the first function of government. The first function of government is to protect the nation against foreign enemies and to protect individual citizens against assault by their fellow citizens.” “We’ve been doing a terrible job on both ends.”
Milton Friedman Daily25,518 views • 9 days ago
Milton Friedman on the U.S. public school system: “What we have is a monopoly, and like every monopoly, it’s producing a low-quality product at a very high cost.” “The way to improve that is to have competition—to make it possible for parents to have a choice of the schools their children attend.”
Milton Friedman Daily65,599 views • 26 days ago
