Milton Friedman

Economist Theorist American 1912 – 2006

Developed monetarism and argued inflation is always a monetary phenomenon.

380 quotes

"Stability in a free market comes from the fact that no one is in control."
Wisdom
"The progressive tax system is confiscatory by nature."
Justice
"Free people tend to specialize and trade because it benefits all parties involved."
Freedom
"The greatest single failure of capitalism is not an economic failure but a political failure."
Politics
"Government cannot create wealth it can only redistribute it."
Politics
"The question is not whether we should regulate business but whether government should regulate it."
Politics
"Voluntary transactions are mutually beneficial while forced transactions benefit only the coercer."
Freedom
"The evidence is overwhelming that the welfare state has failed."
History
"Competition is the guardian of liberty and the enemy of tyranny."
Freedom
"Charity given at gunpoint is not charity at all."
Kindness
"The greatest destroyer of personal freedom is the expansion of government power."
Freedom
"Free markets discipline wrongdoing through the profit and loss system."
Wisdom
"You can't spend your way out of a recession only produce your way out."
"Government monopolies are the worst monopolies because they have no competitors."
Politics
"The market mechanism is a remarkable system for coordinating the activities of millions."
Science
"True equality is impossible to achieve and its pursuit destroys freedom."
Justice
"Private charity is more efficient and more compassionate than government welfare."
Kindness
"The only way to have stable prices is through a stable monetary policy."
Peace
"Government is good at destroying wealth and bad at creating it."
Politics
"The best way to help the poor is to allow them to create wealth."
Success
"Education should develop human capacities not indoctrinate political beliefs."
Education
"Free markets work not because they are perfect but because they allow correction of errors."
Wisdom
"The paradox of government is that it can only enforce rules through coercion."
Power
"Nations that embrace free markets and limited government prosper while others stagnate."
History
"Price controls inevitably lead to shortages and black markets."
Politics
"The real harm from inflation comes not from the inflation itself but from the uncertainty it creates."
Fear
"Democratic government is simply a way of organizing the use of force."
Politics
"Competition forces businesses to serve consumers or go out of business."
Freedom
"The most charitable act is to allow people to keep what they earn and use it as they see fit."
Kindness
"Government spending is not free it comes out of the pockets of taxpayers."
Truth