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More Quotes by Milton Friedman
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.
The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
If you pay people not to work and tax them when they do, don't be surprised if you get unemployment.
Corruption is government intrusion into market efficiencies in the form of regulations.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
You cannot simultaneously have free immigration and a welfare state.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
Nothing is so permanent as a temporary government program.
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it. When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on. When a man spends someone else's money to buy something for himself, he is very careful about what he buys, but doesn't care at all how much he spends. And when a man spends someone else's money on someone else, he does't care how much he spends or what he spends it on. And that's government for you.
