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The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

Milton Friedman

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Milton Friedman
Age: 94 †
Born: 1912
Born: July 31
Died: 2006
Died: November 16
Economist
Essayist
Statistician
University Teacher
Writer
Brooklyn
New York
Milton Fridman
Government
Architecture
Come
Capitalism
Great
Civilization
Never
Painting
Industry
Literature
Centralized
Whether
Advances
Science
Agriculture

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Inflation is the one form of taxation that can be imposed without legislation.
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The excuse for the destruction of liberty is always the plea of necessary ' that there is no alternative
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Inflation is taxation without legislation.
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I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.
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The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.
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When a private enterprise fails, it is closed down when a government enterprise fails, it is expanded. Isn't that exactly what's been happening with drugs?
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Germany cannot get out of the euro. What it has to do, therefore, is make the economy more flexible - to eliminate the restrictions on prices, on wages and on employment in short, the regulations that keep 10 percent of the German workforce unemployed.
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And where are you going to get these angels who are going to run society for us?
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Nobody spends somebody else's money as carefully as he spends his own.
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The fall of the Berlin Wall really demonstrated beyond the shadow of a doubt that there was a bad system, and what subsequently happened in the Soviet Union, that that system was a failure.
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There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
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Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.
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How can we keep the government we create from becoming a Frankenstein that will destroy the very freedom we establish it to protect? Freedom is a rare and delicate plant.
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Germany has a very able and productive workforce. It has high-quality products that are valued all over the world. It has every opportunity to be a productive, growing state. It just has to give its entrepreneurs a chance. It has to let them make money, hire and fire, and act like entrepreneurs.
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The combination of economic and political power in the same hands is a sure recipe for tyranny.
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There is not a line in 'The Wealth of Nations' that is not still applicable to this day.
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Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an objective science.
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There's no point in comparing an actual, operating system with an ideal system that doesn't exist.
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The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
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Rich people are the experimental ground for every new development. The nature of progress is that what begins as a luxury for the rich becomes a necessity for the poor as it's developed and passed on.
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