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Economic freedom is ... an indispensable means toward the achievement of political freedom.

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
Toward
Economic
Freedom
Means
Political
Mean
Indispensable
Achievement
Independent

More quotes by Milton Friedman

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The history of mankind is the history of money losing value.
Milton Friedman
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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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One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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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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Thanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been. And because of our efforts, we have earned our salaries ten-thousand fold.
Milton Friedman
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There's a smokestack on the back of every government program.
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If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.
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Making prohibition work is like making water run uphill it's against nature.
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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 argument for collectivism is simple free market is not.
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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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I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. ... because I believe the big problem is not taxes, the big problem is spending.
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A society based on the freedom to choose is better than a society based on the principles of socialism, communism and coercion.
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Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.
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China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.
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China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.
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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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The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
Milton Friedman
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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.
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You cannot simultaneously have free immigration and a welfare state.
Milton Friedman