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Richard Nixon was a very intelligent and able man. And he had the right ideas. But he did not have the adherence to principles that [Ronald] Reagan had. He did some very good things. We owe to Richard Nixon the volunteer army - he got rid of the draft. And that was a major increase in 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
Good
Army
Nixon
Things
Increase
Ronald
Men
Intelligent
Draft
Principles
Richard
Freedom
Volunteer
Able
Reagan
Ideas
Majors
Right
Major
Adherence

More quotes by Milton Friedman

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Concentrated power is not rendered harmless by the good intentions of those who create it.
Milton Friedman
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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?
Milton Friedman
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Inflation is taxation without legislation.
Milton Friedman
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The facts never speak for themselves. They have to be interpreted in terms of some understanding of where they come from and what the relation between them is.
Milton Friedman
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Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.
Milton Friedman
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Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.
Milton Friedman
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If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here.
Milton Friedman
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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.
Milton Friedman
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Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
Milton Friedman
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What works for Sweden wouldn't work for France or Germany or Italy. In a small state, you can reach outside for many of your activities. In a homogeneous culture, they are willing to pay higher taxes in order to achieve commonly held goals. But common goals are much harder to come by in larger, more heterogeneous populations.
Milton Friedman
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Inflation is always and everywhere a monetary phenomenon.
Milton Friedman
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The combination of economic and political power in the same hands is a sure recipe for tyranny.
Milton Friedman
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Since the 1930s the technique of buying votes with the voters' own money has been expanded to an extent undreamed of by earlier politicians.
Milton Friedman
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There's a smokestack on the back of every government program.
Milton Friedman
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Making prohibition work is like making water run uphill it's against nature.
Milton Friedman
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Every friend of freedom... must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence.
Milton Friedman
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There's no way to avoid a burden on your freedom. The costs themselves are a burden on your freedom. The restrictions that are necessary in order to get rid of the terrorists are a burden to your freedom. So there's no way in the short run to avoid a restriction on your freedom.
Milton Friedman
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I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned about how much it is, and I'm not concerned about what I get. And that's government.
Milton Friedman
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And where are you going to get these angels who are going to run society for us?
Milton Friedman
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World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them to have different patterns, different policies for ecology, labor standards, and so forth.
Milton Friedman