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

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
Applicable
Line
Wealth
Lines
Nations
Stills
Still

More quotes by Milton Friedman

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Saying it is one thing. Doing it is very different.
Milton Friedman
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Inflation is taxation without legislation.
Milton Friedman
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The word 'free' is used three times in the Declaration of Independence and once in the First Amendment to the Constitution, along with 'freedom.' The word 'fair' is not used in either of our founding documents.
Milton Friedman
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Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.
Milton Friedman
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Not all schooling is education nor all education, schooling.
Milton Friedman
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
Milton Friedman
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The price works so well, so efficiently, that we are not aware of it most of the time.
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
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Germany cannot get out of the euro. What it has to do, therefore, is make the economy more flexible - to eliminate the restrictions on prices, on wages and on employment in short, the regulations that keep 10 percent of the German workforce unemployed.
Milton Friedman
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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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Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.
Milton Friedman
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A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.
Milton Friedman
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The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them.
Milton Friedman
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Government is a way by which every individual believes he can live at the expense of everybody else.
Milton Friedman
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Economic freedom is ... an indispensable means toward the achievement of political freedom.
Milton Friedman
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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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George Stigler was a delightful correspondent. In a letter from London in 1948, after remarking on the inconvertibility of the pound and the inedible, still-rationed food, he concluded, So here I am losing weight and gaining pounds.
Milton Friedman
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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
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We had much freer trade in the 19th century. We have much less globalization now than we did then.
Milton Friedman
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The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.
Milton Friedman