Quotes Categories

Milton Friedman Quotes

(1912), American Economist

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

Category: Capitalism

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

Category: Freedom

Governments never learn. Only people learn.

Category: Government

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

Category: Government

The government solution to a problem is usually as bad as the problem.

Category: Government

The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.

Category: Greed

Inflation is one form of taxation that can be imposed without legislation.

Category: Inflation

Concentrated power is not rendered harmless by the good intentions of those who create it.

Category: Power

The power to do good is also the power to do harm.

Category: Power

Never try to walk across a river just because it has an average depth of four feet.

Category: Risk

There's no such thing as a free lunch.

Category: Work