Author: Milton Friedman

Quotes

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

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

Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.

- Milton Friedman

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

- Milton Friedman

Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.

- 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

Inflation is taxation without legislation.

Inflation is taxation without legislation.

- 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

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

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