#Quote
More Quotes by Milton Friedman
The only corporate social responsibility a company has is to maximize its profits.
We have a system that increasingly taxes work and subsidizes nonwork.
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
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.
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?
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.
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.
If you pay people not to work and tax them when they do, don't be surprised if you get unemployment.
Society doesn't have values. People have values.
