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Celebrating Milton Friedman at 100: A Tribute in Quotes  Milton Friedman passed away in 2006, but his spirit lives on amon...
Celebrating Milton Friedman at 100: A Tribute in Quotes• “We have a system that increasingly taxes work and subsidizes  no...
Celebrating Milton Friedman at 100: A Tribute in Quotes“When a man spends his own money to buy something for himself,he is...
Celebrating Milton Friedman at 100: A Tribute in Quotes• “Im in favor of legalizing drugs. According to my values system, ...
Celebrating Milton Friedman at 100: A Tribute in Quotes• “Most economic fallacies derive - from the tendency to assume tha...
Celebrating Milton Friedman at 100: A Tribute in Quotes• “I am favor of cutting taxes under any circumstances and for any ...
Celebrating Milton Friedman at 100: A Tribute in Quotes•      “The only way that has ever been discovered to have a lot of...
Celebrating Milton Friedman at 100: A Tribute in Quotes• “Of course, wed like to have another one, .....Though wouldnt it ...
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Celebrating Milton Friedman at 100

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Celebrating Milton Friedman at 100

  1. 1. Celebrating Milton Friedman at 100: A Tribute in Quotes Milton Friedman passed away in 2006, but his spirit lives on among lovers ofeconomic liberty around the world. There are celebrations taking place in 43 countries and all 50 states to commemorate Friedman at 100.
  2. 2. Celebrating Milton Friedman at 100: A Tribute in Quotes• “We have a system that increasingly taxes work and subsidizes non-work.”• “If you put the federal government in charge of the Sahara Desert, in 5 years thered be a shortage of sand”• “Governments never learn. Only people learn.”• “Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.”• “The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government”
  3. 3. Celebrating Milton Friedman at 100: A Tribute in Quotes“When a man spends his own money to buy something for himself,he is very careful about how much he spends and how he spends it.When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, butSomewhat less what he spends it on. When a man spends someone elses money to buy something for himself, he is very careful about what he buys, but doesnt care at all how much he spends. And when a man spends someone elses money on someone else, he doesnt care how much he spends or what he spends it on. And thats government for you.”
  4. 4. Celebrating Milton Friedman at 100: A Tribute in Quotes• “Im in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.”• “The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.”• “Nothing is so permanent as a temporary government program”• “Theres no such thing as a free lunch.”• “The government solution to a problem is usually as bad as the problem.”
  5. 5. Celebrating Milton Friedman at 100: A Tribute in Quotes• “Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another”• “Inflation is taxation without legislation”• “Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.”• “Underlying most arguments against the free market is a lack of belief in freedom itself.”• “Concentrated power is not rendered harmless by the good intentions of those who create it.”
  6. 6. Celebrating Milton Friedman at 100: A Tribute in Quotes• “I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever its possible.”• “History suggests that capitalism is a necessary condition for political freedom”• The only relevant test of the validity of a hypothesis is comparison of prediction with experience”• “Hell hath no fury like a bureaucrat scorned.”• “The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”
  7. 7. Celebrating Milton Friedman at 100: A Tribute in Quotes• “The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And thats why its so essential to preserving individual freedom.”• “Most of the energy of political work is devoted to correcting the effects of mismanagement of government”• “Columbus did not seek a new route to the Indies in response to a majority directive.”• “Universities exist to transmit knowledge and understanding of ideas and values to students ... not to provide entertainment for spectators or employment for athletes.”• “What kind of society isnt structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system”
  8. 8. Celebrating Milton Friedman at 100: A Tribute in Quotes• “Of course, wed like to have another one, .....Though wouldnt it be better if we learned that we could do without one?”• “The power to do good is also the power to do harm.”• “One mans opportunism is another mans statesmanship”• “The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.”

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