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More Quotes by Milton Friedman
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union - like public housing in the United States - look decrepit within a year or two of their construction.
A society that puts equality — in the sense of equality of outcome — ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.
We have a system that increasingly taxes work and subsidizes nonwork.
Society doesn't have values. People have values.
The word 'free' is used three times in the Declaration of Independence and once in the First Amendment to the Constitution, along with 'freedom.' The word 'fair' is not used in either of our founding documents.
You cannot simultaneously have free immigration and a welfare state.
The government solution to a problem is usually as bad as the problem.
