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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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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
Angels
Angel
Society
Running
Going

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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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I do not believe there is a natural resource economics. I believe there is good economics and bad economics.
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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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Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
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The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way.
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A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy.
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You never can cure poverty. Poverty is in the eye of the beholder.
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Inflation is the one form of taxation that can be imposed without legislation.
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The government doesn't have any money. The only power it has is to take from some and give to others.
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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
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On aging societies, there is no reason why a country that has a lot of old people can't be prosperous if, during their working lives, individuals provide for their retirement.
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There's a smokestack on the back of every government program.
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The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
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Inflation is always and everywhere a monetary phenomenon.
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The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B, without A knowing B or B knowing A.
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The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of the country.
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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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Governments never learn. Only people learn.
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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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The broader and more influential organisations of businessmen have acted to undermine the basic foundation of the free market system they purport to represent and defend.
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