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More Quotes by Milton Friedman
If you pay people not to work and tax them when they do, don't be surprised if you get unemployment.
The government doesn't have any money. The only power it has is to take from some and give to others.
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 before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.
The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
We have a system that increasingly taxes work and subsidizes nonwork.
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.
Corruption is government intrusion into market efficiencies in the form of regulations.
