Quote

There is not a line in 'The Wealth of Nations' that is not still applicable to this day.

Milton Friedman

Change background

T
T
T

Change font

TAGS & TOPICS

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
Still
Applicable
Line
Wealth
Lines
Nations
Stills

More quotes by Milton Friedman

Image
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.
Milton Friedman
Image
The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
Milton Friedman
Image
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
Image
The argument for collectivism is simple free market is not.
Milton Friedman
Image
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.
Milton Friedman
Image
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
Image
If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.
Milton Friedman
Image
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
Milton Friedman
Image
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
Image
To the free man, the country is the collection of individuals who compose it, not something over and above them. He is proud of a common heritage and loyal to common traditions. But he regards government as a means, an instrumentality, neither a grantor of favors and gifts, nor a master or god to be blindly worshipped and served.
Milton Friedman
Image
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.
Milton Friedman
Image
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.
Milton Friedman
Image
My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving while there are unused resources ... people having skills which are not being used.
Milton Friedman
Image
The problem in this world is to avoid concentration of power - we must have a dispersion of power.
Milton Friedman
Image
Economic freedom is ... an indispensable means toward the achievement of political freedom.
Milton Friedman
Image
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.
Milton Friedman
Image
The use of quantity of money as a target has not been a success. I'm not sure that I would as of today push it as hard as I once did.
Milton Friedman
Image
In a bureaucratic system, useless work drives out useful work.
Milton Friedman
Image
There is only one social responsibility of business
Milton Friedman
Image
What kind of society isn't structured on greed?
Milton Friedman