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Is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?

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
Wells
Firsts
Think
Greed
Thinking
Russia
China
Society
Running
Doesn

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Economic freedom is ... an indispensable means toward the achievement of political freedom.
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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
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What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.
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When you start paying people to be poor, you wind up with an awful lot of poor people.
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The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the rule of the game and as an umpire to interpret and enforce the rules decided on.
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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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In a free society, it is hard for 'good' people to do 'good', but that is a small price to pay for making it hard for 'evil' people to do 'evil', especially since one man's good is another's evil
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Anybody who was easily converted was not worth converting.
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Making prohibition work is like making water run uphill it's against nature.
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No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money.
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It all would have been much better if individuals saved for their own old age.
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In a bureaucratic system, useless work drives out useful work.
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The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.
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The argument for collectivism is simple free market is not.
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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.
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Not all schooling is education nor all education, schooling.
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You never can cure poverty. Poverty is in the eye of the beholder.
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The only corporate social responsibility a company has is to maximize its profits.
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To the free man, the country is the collection of individuals who compose it, not something over and above them... He recognizes no national goal except as it is the consensus of the goals that the citizens severally serve. He recognizes no national purpose except as it is the consensus of the purposes for which the citizens severally strive.
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