Milton Friedman Quotes

1912–2006, American Economist · Wikipedia · Wikidata
quotes
11
topics
8
Origin
What do these mean?
Topic
“Inflation is the one form of taxation that can be imposed without legislation.”
VerifiedAdapted from "Monetary Correction: A Proposal for Escalator Clauses to Reduce the Costs of Ending Inflation" (July 1974), see also AEI round table, July 1974. · evidenceDetails & citeInflation
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“Governments never learn. Only people learn.”
Government
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“Never try to walk across a river just because it has an average depth of four feet.”
Risk
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“History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.”
Capitalism
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“Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.”
Government
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“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.”
Greed
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“A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.”
Freedom
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“There's no such thing as a free lunch.”
MisattributedNot by Milton Friedman. Earliest known source: Saloon 'free lunch' talk; popularised by a 1938 newspaper fable. · evidenceDetails & citeWork
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