#Quote
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.
Facebook
Twitter
More Quotes by Milton Friedman
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
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.
Corruption is government intrusion into market efficiencies in the form of regulations.
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 capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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.
Nobody spends somebody else's money as carefully as he spends his own.
