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The argument for collectivism is simple free market is not.

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
Simple
Free
Collectivism
Market
Argument

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The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can't do that.
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Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
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I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a very major role in producing the Great Depression.
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We had much freer trade in the 19th century. We have much less globalization now than we did then.
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How can we keep the government we create from becoming a Frankenstein that will destroy the very freedom we establish it to protect? Freedom is a rare and delicate plant.
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Inflation is always and everywhere a monetary phenomenon.
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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
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Underlying most arguments against the free market is a lack of belief in freedom itself.
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The Internet moves us closer to perfect information on markets. Individuals and companies alike can buy and sell across borders and jurisdictions wherever they find the best match of supply and demand.
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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.
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Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes wrong.
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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.
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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.
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
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[Trade licensing] almost inevitably becomes a tool in the hands of a special producer group to maintain a monopoly position at the expense of the rest of the public. There is no way to avoid this result.
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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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Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.
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They think that the cure to big government is to have bigger government... the only effective cure is to reduce the scope of government - get government out of the business.
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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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