More Quotes by Milton Friedman
The only corporate social responsibility a company has is to maximize its profits.
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
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.
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
When you start paying people to be poor, you wind up with an awful lot of poor people.
Underlying most arguments against the free market is a lack of belief in freedom itself.
Nobody spends somebody else's money as carefully as he spends his own.
Corruption is government intrusion into market efficiencies in the form of regulations.
Why have we had such a decline in moral climate? I submit to you that a major factor has been a change in the philosophy which has been dominant, a change from belief in individual responsibility to belief in social responsibility. If you adopt the view that a man is not responsible for his own behavior, that somehow society is responsible, why should he seek to make his behavior good?
Inflation is taxation without legislation.
