22 Quotes to Celebrate Milton Friedman Day Samantha Reinis / @samantha_reinis / August 01, 2015

_

Free to Choose: Part 1 of 10 The Power of the Market (Featuring Milton Friedman)

Free to Choose Part 2: The Tyranny of Control (Featuring Milton Friedman

Conservative economist Milton Friedman would have been 103 years old if he were still living today. He won a Nobel Prize for his work in economics and served as an advisor to President Nixon. (Photo: Everett Collection/Newscom)

July 31 is known as a day to honor conservative economist Milton Friedman, as he would have been 103 years old if he were still living today.

Friedman was awarded the Nobel Prize for his work in economics, specifically for “his achievements in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.”

He served as an advisor to President Nixon in the White House and was the president of the American Economic Association before becoming a senior research fellow at the Hoover Institution at Stanford University. Friedman was known for his defense of the free market and call for school choice through a voucher programs.

To honor this great man, here are 22 of his most notable quotes regarding the economy, government, and life.

  1. If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.”
  2. “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.”
  3. “Governments never learn. Only people learn.”
  4. “Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.”
  5. “One of the great mistakes is to judge policies and programs by their intentions rather than their results.”
  6. “There is no such thing as a free lunch.”
  7. “I am in favor of cutting taxes under any circumstance and for any excuse, for any reason, whenever it’s possible.”
  8. “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
  9. “If all we want are jobs, we can create any number—for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs—jobs that will mean more goods and services to consume.”
  10. “The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”
  11. “When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union—like public housing in the United States—look decrepit within a year or two of their construction.”
  12. “Hell hath no fury like a bureaucrat scorned.”
  13. “The lack of balance in governmental activity reflects primarily the failure to separate sharply the question what activities it is appropriate for government to finance from the question what activities it is appropriate for government to administer—a distinction that is important in other areas of government activity as well.”
  14. “Nothing is so permanent as a temporary government program.”
  15. “Is there some society you know 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? Of course, none of us are greedy, it’s only the other fellow who’s greedy.”
  16. “I think the government solution to a problem is usually as bad as the problem and very often makes the problem worse.”
  17. “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.”
  18. “Underlying most arguments against the free market is a lack of belief in freedom itself.”
  19. “I think that the Internet is going to be one of the major forces for reducing the role of government.”
  20. Concentrated power is not rendered harmless by the good intentions of those who create it.”
  21. “Inflation is taxation without legislation.”
  22. “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.”

Free to Choose Part 4: From Cradle to Grave Featuring Milton Friedman

Free to Choose Part 5: Created Equal Featuring Milton Friedman

Free to Choose Part 6: What’s Wrong With Our Schools Featuring Milton Friedman

Free to Choose Part 7: Who Protects the Consumer Featuring Milton Friedman

Free to Choose Part 8: Who Protects the Worker Featuring Milton Friedman

Free to Choose Part 10: How to Stay Free Featuring Milton Friedman

Related posts:

FRIEDMAN FRIDAY Milton Friedman has the two solutions to the Black Teenage Unemployment Problem!!!

Milton Friedman on Donahue Show in 1979 Milton Friedman has the two solutions to the Black Teenage Unemployment Problem!!! The solutions would be first to lower the Minimum Wage Amount and  second give students the opportunity to have vouchers so their parents can put them in the best schools when they start in the kindergarten […]

Obama loves the death tax but listen to what Milton Friedman had to say about it!!!

__ Obama loves the death tax but listen to what Milton Friedman had to say about it!!! Milton Friedman Redistribution of Wealth and the Death Tax ___________ The Obama Administration’s Assault on the Rule of Law September 6, 2016 by Dan Mitchell What’s the worst development in economic policy of the Obama years? The faux stimulus […]

Milton Friedman and Dan Mitchell: Subsidies for Higher Education Are the Problem!!!

_ Milton Friedman – Should Higher Education Be Subsidized? Published on Aug 14, 2013 Professor Friedman leads a roundtable discussion with students.http://www.LibertyPen.com Hillary Is Wrong: Subsidies for Higher Education Are the Problem, not the Solution August 24, 2016 by Dan Mitchell “So many bad ideas, so little time.” That’s my attitude about Hillary Clinton. She […]

Milton Friedman and Walter Williams have explained, minimum wage laws are especially harmful for blacks!

__ Milton Friedman – A Conversation On Minimum Wage   Published on Oct 4, 2013 A debate on whether the minimum wage hurts or helps the working class.http://www.LibertyPen.com Is Anybody Shocked that Higher Minimum Wage Mandates Are Resulting in Fewer Jobs? August 25, 2016 by Dan Mitchell While economists are famous for their disagreements (and […]

Milton Friedman and Dan Mitchell on the Economics of Medical Care!!!

_ Milton Friedman on Medical Care (Full Lecture) Another Grim Reminder that Obamacare Has Made Healthcare More Expensive August 29, 2016 by Dan Mitchell Way back in 2009, some folks on the left shared a chart showing that national expenditures on healthcare compared to life expectancy. This comparison was not favorable to the United States, which […]

FRIEDMAN FRIDAY Milton Friedman on Immigration Part 2

_ Milton Friedman on Immigration Part 2 Milton Friedman – Illegal Immigration – PT 1 Milton Friedman – Illegal Immigration – PT 2 _- Immigration and the Welfare State April 4, 2010 by Dan Mitchell My previous post dealing with whether citizenship should be automatic for babies born to illegals generated a lot of commentary, so […]

FRIEDMAN FRIDAY Milton Friedman on Immigration Part 1

_ Milton Friedman – Illegal Immigration – PT 1 Milton Friedman – Illegal Immigration – PT 2 Milton Friedman stated , “you can’t have free immigration and a welfare state.” Below Dan Mitchell links back to this quote in one of his earlier posts: A Plan for Open Borders that Anti-Amnesty Folks Can Support August 18, […]

Milton Friedman on Immigration Part 2

_ Milton Friedman on Immigration Part 2 Milton Friedman – Illegal Immigration – PT 1 Milton Friedman – Illegal Immigration – PT 2   _- Immigration and the Welfare State April 4, 2010 by Dan Mitchell My previous post dealing with whether citizenship should be automatic for babies born to illegals generated a lot of commentary, […]

Milton Friedman on Immigration Part 1

_   Milton Friedman – Illegal Immigration – PT 1 Milton Friedman – Illegal Immigration – PT 2   Milton Friedman stated , “you can’t have free immigration and a welfare state.” Below Dan Mitchell links back to this quote in one of his earlier posts: A Plan for Open Borders that Anti-Amnesty Folks Can Support […]

FRIEDMAN FRIDAY Milton Friedman and Dan Mitchell on the Post Office!!!

Milton Friedman and Dan Mitchell on the Post Office!!! Ep. 10 – How to Stay Free [3/7]. Milton Friedman’s Free to Choose (1980) Pat Brennan became something of a celebrity in 1978 because she was delivering mail in competition with the United States Post Office. With her husband she set up business in a basement […]

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: