Quotation Explorer - 'Milton Friedman'

There is no free lunch. - Milton Friedman
There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud. - Milton Friedman
We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas. - Milton Friedman
I think that the Internet is going to be one of the major forces for reducing the role of government. - Milton Friedman
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both. - Milton Friedman
Society doesn't have values. People have values. - Milton Friedman
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
I think that nothing is so important for freedom as recognizing in the law each individual’s natural right to property, and giving individuals a sense that they own something that they’re responsible for, that they have control over, and that they can dispose of. - Milton Friedman
Hell hath no fury like a bureaucrat scorned. - Milton Friedman
A society that puts equality... ahead of freedom will end up with neither. - Milton Friedman
There is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud - Milton Friedman
Governments never learn. Only people learn. - Milton Friedman
In a bureaucratic system, useless work drives out useful work. - Milton Friedman
These people live in many lands, speak different languages, practice different religions, may even hate one another- yet none of these differences prevented them from cooperating to produce a pencil. How did it happen? Adam Smith gave us the answer two hundred years ago. - Milton Friedman
The great achievements of western capitalism have rebounded primarily to the benefit of the ordinary person. These achievements have made available to the masses conveniences and amenities that were previously the exclusive prerogative of the rich and powerful. - Milton Friedman
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