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More Quotes by Milton Friedman
The government doesn't have any money. The only power it has is to take from some and give to others.
What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.
We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.
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.
Inflation is taxation without legislation.
The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.
Nobody spends somebody else's money as carefully as he spends his own.
You cannot simultaneously have free immigration and a welfare state.
Underlying most arguments against the free market is a lack of belief in freedom itself.
