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More Quotes by Milton Friedman
Inflation is the one form of taxation that can be imposed without legislation.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
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.
We have a system that increasingly taxes work and subsidizes nonwork.
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.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
You cannot simultaneously have free immigration and a welfare state.
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.
Society doesn't have values. People have values.
