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Milton Friedman Daily

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Preserving the ideas and legacy of economist & Nobel laureate Milton Friedman (1912–2006) 🗽 Related thinkers: @DailySowell and @VoLDaily.

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“Milton Keynes” is apparently AOC’s favorite economist

“Milton Keynes” is apparently AOC’s favorite economist

1,411,665 просмотров

“If an experiment in private enterprise is unsuccessful, people lose money and they have to close it down. If an experiment in government is unsuccessful, it’s always expanded.” — Milton Friedman

“If an experiment in private enterprise is unsuccessful, people lose money and they have to close it down. If an experiment in government is unsuccessful, it’s always expanded.” — Milton Friedman

34,433 просмотров

Milton Friedman: “The government doesn’t have any money. Only people have money. The government only gets money by putting its hand in your pocket and taking it out.”

Milton Friedman: “The government doesn’t have any money. Only people have money. The government only gets money by putting its hand in your pocket and taking it out.”

386,527 просмотров

Milton Friedman: “Nobody spends somebody else’s money as carefully as he spends his own. But also, in order to spend somebody else’s money, you first have to take it away from them. That means that force is at the very bottom of the modern paternal state.”

Milton Friedman: “Nobody spends somebody else’s money as carefully as he spends his own. But also, in order to spend somebody else’s money, you first have to take it away from them. That means that force is at the very bottom of the modern paternal state.”

46,922 просмотров

“It is so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.” — Milton Friedman

“It is so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.” — Milton Friedman

39,760 просмотров

“If an experiment in private enterprise is unsuccessful, people lose money and they have to close it down. If an experiment in government is unsuccessful, it’s always expanded.” — Milton Friedman

“If an experiment in private enterprise is unsuccessful, people lose money and they have to close it down. If an experiment in government is unsuccessful, it’s always expanded.” — Milton Friedman

42,974 просмотров

“It is so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.” — Milton Friedman

“It is so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.” — Milton Friedman

35,374 просмотров

“It’s so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.” — Milton Friedman

“It’s so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.” — Milton Friedman

55,582 просмотров

Milton Friedman: “What I’d like young people to know is that markets work and that they work best if they are freest.” “The way to have a free market economy is to get government out of the picture, to eliminate regulations, and to eliminate control over prices and wages.”

Milton Friedman: “What I’d like young people to know is that markets work and that they work best if they are freest.” “The way to have a free market economy is to get government out of the picture, to eliminate regulations, and to eliminate control over prices and wages.”

38,498 просмотров

“If an experiment in private enterprise is unsuccessful, people lose money and they have to close it down. If an experiment in government is unsuccessful, it is always expanded.” — Milton Friedman

“If an experiment in private enterprise is unsuccessful, people lose money and they have to close it down. If an experiment in government is unsuccessful, it is always expanded.” — Milton Friedman

38,742 просмотров

“I am a libertarian in philosophy. I am a libertarian with a small ‘l’ and a Republican with a capital ‘R.’” — Milton Friedman

“I am a libertarian in philosophy. I am a libertarian with a small ‘l’ and a Republican with a capital ‘R.’” — Milton Friedman

31,923 просмотров

“The great lesson which history teaches is that bad results seldom are produced by men of bad intentions.” — Milton Friedman

“The great lesson which history teaches is that bad results seldom are produced by men of bad intentions.” — Milton Friedman

19,908 просмотров

“The founders of our country believed in individual freedom, in leaving people be... But our government has been increasingly departing from those constitutional principles.” — Milton Friedman

“The founders of our country believed in individual freedom, in leaving people be... But our government has been increasingly departing from those constitutional principles.” — Milton Friedman

11,939 просмотров

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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: “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 Daily

304,963 просмотров • 13 дней назад

“The strongest argument for free enterprise is that it prevents anybody from having too much power—whether that person is a government official, a trade union official, or a business executive.” — Milton Friedman

“The strongest argument for free enterprise is that it prevents anybody from having too much power—whether that person is a government official, a trade union official, or a business executive.” — Milton Friedman

Milton Friedman Daily

110,515 просмотров • 5 дней назад

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 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 Daily

635,412 просмотров • 2 месяцев назад

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: “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 Daily

1,398,891 просмотров • 7 месяцев назад

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 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 Daily

176,798 просмотров • 1 месяц назад

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 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 Daily

61,169 просмотров • 11 дней назад

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: “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 Daily

20,453 просмотров • 3 дней назад

Left-wing activist throws pie in Milton Friedman’s face

Left-wing activist throws pie in Milton Friedman’s face

Milton Friedman Daily

1,633,080 просмотров • 11 месяцев назад

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 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 Daily

178,783 просмотров • 1 месяц назад

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 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 Daily

95,400 просмотров • 1 месяц назад

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 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 Daily

70,941 просмотров • 23 дней назад

Milton Friedman: “I believe in free markets, but that doesn’t mean I’m a defender of big enterprises.” “I want competition. The essence of a free market economy is that it prevents enterprises from exploiting anybody else.”

Milton Friedman: “I believe in free markets, but that doesn’t mean I’m a defender of big enterprises.” “I want competition. The essence of a free market economy is that it prevents enterprises from exploiting anybody else.”

Milton Friedman Daily

33,048 просмотров • 10 дней назад

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: “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 Daily

260,713 просмотров • 3 месяцев назад

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 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 Daily

823,719 просмотров • 10 месяцев назад

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 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 Daily

28,555 просмотров • 9 дней назад

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: “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 Daily

25,518 просмотров • 8 дней назад

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 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 Daily

65,599 просмотров • 25 дней назад

“We will not solve our problem by electing the right people. We will only solve our problem by making it politically profitable for the wrong people to do the right thing.” — Milton Friedman

“We will not solve our problem by electing the right people. We will only solve our problem by making it politically profitable for the wrong people to do the right thing.” — Milton Friedman

Milton Friedman Daily

413,843 просмотров • 6 месяцев назад

Milton Friedman discusses five great myths of our time: 1. The Robber Baron myth 2. The Great Depression myth 3. The Big Government myth 4. The Free Lunch myth 5. The Robin Hood myth

Milton Friedman discusses five great myths of our time: 1. The Robber Baron myth 2. The Great Depression myth 3. The Big Government myth 4. The Free Lunch myth 5. The Robin Hood myth

Milton Friedman Daily

67,186 просмотров • 28 дней назад

Elon Musk is a big admirer of Milton Friedman: “Generally, whatever Milton Friedman said, people should do that thing.”

Elon Musk is a big admirer of Milton Friedman: “Generally, whatever Milton Friedman said, people should do that thing.”

Milton Friedman Daily

108,598 просмотров • 1 месяц назад