Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes. Milton Friedman athleteemploymententertainment Change image and share on social
Most of the energy of political work is devoted to correcting the effects of mismanagement of government. Milton Friedman correctdevoteeffect Change image and share on social
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 depressioneconomygovernment Change image and share on social
Governments never learn. Only people learn. Milton Friedman governmentlearnpeople Change image and share on social
One man's opportunism is another man's statesmanship. Milton Friedman manopportunismstatesmanship Change image and share on social
So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system. Milton Friedman absolutelyactivityalternative share on social
The power to do good is also the power to do harm. Milton Friedman goodharmpower Change image and share on social
There's no such thing as a free lunch. Milton Friedman freelunchthing Change image and share on social
The only relevant test of the validity of a hypothesis is comparison of prediction with experience. Milton Friedman comparisonexperiencehypothesis Change image and share on social
The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government. Milton Friedman advanceagriculturearchitecture Change image and share on social