Photo Credit: wikipedia.org
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Rest In Peace,
Milton Friedman, economist extraordinaire. Following are some of his most memorable quotes.
The preservation of freedom is the protective reason for limiting and decentralizing governmental power.
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
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.
We have a system that increasingly taxes work and subsidizes nonwork.
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
A society that puts equality...ahead of freedom will end up with neither equality nor freedom.
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.
A common objection to totalitarian societies is that they regard the end as justifying the means. Taken literally, this objection is clearly illogical. If the end does not justify the means, what does? But this easy answer does not dispose of the objection; it simply shows that the objection is not well put. To deny that the end justifies the means is indirectly to assert that the end in question is not the ultimate end, that the ultimate end is itself the use of the proper means. Desirable or not, any end that can be attained only by the use of bad means must give way to the more basic end of the use of acceptable means."
In a bureaucratic system, useless work drives out useful work.
Concentrated power is not rendered harmless by the good intentions of those who create it.
