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The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.
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More Quotes by Milton Friedman
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
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.
We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.
We have a system that increasingly taxes work and subsidizes nonwork.
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
Nothing is so permanent as a temporary government program.
Society doesn't have values. People have values.
When you start paying people to be poor, you wind up with an awful lot of poor people.
Inflation is taxation without legislation.
