Things Milton Friedman said




“Keynesian economics doesn’t work, but nothing is harder for men than to face facts that threaten to undermine strongly held beliefs.”

"The government solution to a problem is usually as bad as the problem."

"If a government were put in charge of the Sahara Desert, within five years they’d have a shortage of sand."

"Nothing is so permanent as a temporary government program."

"Hell hath no fury like a bureaucrat scorned."

"There's nothing that does so much harm as good intentions."

"Nobody spends somebody else's money as carefully as he spends his own."

"Underlying most arguments against the free market is a lack of belief in freedom itself."

"Freedom is a rare and delicate flower."

"A society that puts equality ahead of freedom will end up with neither equality nor freedom."

"Inflation is always and everywhere a monetary phenomenon."

"Inflation is taxation without legislation."

"There's no such thing as a free lunch."

"Oh, no, no, Mark, that wasn't a free lunch.  I had to listen to you for two hours!"

"If a tax cut increases government revenues, you haven't cut taxes enough."

"I favor tax reductions under any circumstances, for any excuse, for any reason, at any time."

"The great advances of civilization, whether in architecture or painting, in science or in literature, in industry or agriculture, have never come from centralized government."

"If government is to exercise power, better in the county than in the state, better in the state than in Washington."

"The minimum wage law is one of the most, if not the most, anti-black laws on the statute books."

"The economy and the stock market are two different things."

“If you really want to engage in policy activity, don’t make that your vocation.  Make it your avocation.  Get a job.  Get a secure base of income.  Otherwise, you’re going to get corrupted and destroyed.”

“In the realm of policy, I regard eliminating the draft as my most important accomplishment.”