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More Quotes by Milton Friedman
You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.
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.
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.
Nothing is so permanent as a temporary government program.
The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
The government solution to a problem is usually as bad as the problem.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
We have a system that increasingly taxes work and subsidizes nonwork.
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.
