Author: Milton Friedman

Quotes

There's no such thing as a free lunch.

There's no such thing as a free lunch.

- 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 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

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

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

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

- 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

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

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