Top 37 Quotes by Milton Friedman

Most of the energy of political work is devoted to correcting the effects of mismanagement of government.

Governments never learn. Only people learn.

Nothing is so permanent as a temporary government program.

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

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.

There's no such thing as a free lunch.

Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.

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

The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.