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More Quotes by Milton Friedman
Society doesn't have values. People have values.
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.
Corruption is government intrusion into market efficiencies in the form of regulations.
Inflation is the one form of taxation that can be imposed without legislation.
Underlying most arguments against the free market is a lack of belief in freedom itself.
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.
Inflation is taxation without legislation.
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.
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.
