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Milton Friedman

Read through the most famous quotes from Milton Friedman




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.


— Milton Friedman


#capitalism #greed #harm #how #kind

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


— Milton Friedman


#clearly #condition #freedom #history #necessary

The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.


— Milton Friedman


#black #controls #enabling #free #free market

Is it really true that political self-interest is nobler somehow than economic self-interest?


— Milton Friedman


#nobler #political #really #self-interest #somehow

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.


— Milton Friedman


#benefit #both #central #exchange #fact

Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?


— Milton Friedman


#first #first of all #greed #know #me

Columbus did not seek a new route to the Indies in response to a majority directive.


— Milton Friedman


#did #directive #indies #majority #new

The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.


— Milton Friedman


#big #big issue #collect #difficult #government

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


— Milton Friedman


#good #harm #power

One man's opportunism is another man's statesmanship.


— Milton Friedman


#man #statesmanship






About Milton Friedman

Milton Friedman Quotes




Did you know about Milton Friedman?

Friedman proposed a negative income tax to replace the existing welfare system. Friedman's essay "The Methodology of Positive Economics" (1953) provided the epistemological pattern for his own subsequent research and to a degree that of the Chicago School. He once stated that his role in eliminating U.

He theorized there existed a "natural" rate of unemployment and argued that governments could increase employment above this rate (e. by increasing aggregate demand) only at the risk of causing inflation to accelerate. His ideas concerning monetary policy taxation privatization and deregulation influenced government policies especially during the 1980s.

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