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The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
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
Affect
Important
Issue
Way
Taxes
Make
Internet
Think
Issues
Thinking
Ways
Bigs
Collect
Difficult
Taxation
More quotes by Milton Friedman
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.
Milton Friedman
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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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
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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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The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.
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We have a freer world because of the collapse of the Soviet Union and the changes in China. Those two have been the main contributors to freedom in our time.
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Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
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If China don't free up the political side, its economic growth will come to an end - while it is still at a very low level.
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You mustn't judge a politician by talk. You have to judge them by performance.
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The euro is going to be a big source of problems, not a source of help.
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The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.
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Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.
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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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What does it mean to say that government might have a responsibility? Government can't have a responsibility any more than the business can. The only entities which can have responsibilities are people.
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The big problem for a democratic government - democrat with a small d - is how to hold down government spending.
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If instead of looking at income, you look at levels of consumption, if anything that's become more equal. The fraction of families that have a dishwasher, that have a sewing machine, that have a television set. In respect to consumption, it's very hard to avoid the view that people have been getting more equal rather than more unequal.
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Everywhere, and at all times, economic progress has meant far more to the poor than to the rich.
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I do not believe there is a natural resource economics. I believe there is good economics and bad economics.
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Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all.
Milton Friedman
Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman
