Author: Milton Friedman

Quotes

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

- Milton Friedman

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

- Milton Friedman

There's no such thing as a free lunch.

There's no such thing as a free lunch.

- Milton Friedman

The only relevant test of the validity of a hypothesis is comparison of prediction with experience.

The only relevant test of the validity of a hypothesis is comparison of prediction with experience.

- Milton Friedman

Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?

Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?

- Milton Friedman

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.

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.

- Milton Friedman

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

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

- Milton Friedman

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

- Milton Friedman

Inflation is taxation without legislation.

Inflation is taxation without legislation.

- Milton Friedman

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