Milton Friedman

Economist Theorist American 1912 – 2006

Developed monetarism and argued inflation is always a monetary phenomenon.

380 quotes

"The great threat to freedom is the concentration of power."
Freedom
"Only a crisis, actual or perceived, produces real change."
Change
"The proper study of mankind is books."
Literature
"It is often stated that the free market is inherently unstable."
"Real progress comes from freedom, not from planning."
Philosophy
"The worst thing the government can do is to try to be good."
Politics
"Political freedom means the absence of coercion of a man by his fellowmen."
Freedom
"To be truly free, you must be free from yourself."
Freedom
"The private sector is not concerned with public interest."
Truth
"We have a responsibility to future generations to leave this world better than we found it."
Courage
"An empty head is not really empty; it is full of contradictions."
Philosophy
"Money is not the root of all evil. Love of money is."
Truth
"The most important thing that can be taught in universities is how to think."
Education
"Capitalism has done more to reduce poverty than all the government programs put together."
Success
"The preservation of freedom is the protective reason for restricting the scope of government."
Freedom
"A free market is the only mechanism that allows people of different faiths and ideologies to cooperate."
Peace
"Whenever you observe a restriction on voluntary exchange, you should see it as a restriction on freedom."
Freedom
"The task of converting men of faulty views is not one of removing ignorance but of curing a disease."
Wisdom
"There is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system."
Work
"Private profit and public benefit are aligned in a free market."
"Tariffs are not about protecting people; they're about protecting special interests."
Truth
"The statesman who should attempt to direct private people how to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted to no single person."
Leadership
"Monopolies are not created by the market but by government intervention."
Truth
"The question is not how to give power to the poor but how to give the poor the power to help themselves."
"Freedom means responsibility; that is why most people dread it."
Courage
"Prices contain wonderful information."
Knowledge
"Economic freedom and personal freedom are intimately related."
Freedom
"The problem with government is that it always uses a sledgehammer when a scalpel is needed."
Politics
"Efficiency requires decentralization, which requires freedom."
Freedom
"The division of labor allows us to benefit from each other's talents."
Success