FRIEDMAN FRIDAY 22 Quotes to Celebrate Milton Friedman Day by Samantha Reinis August 01, 2015

22 Quotes to Celebrate Milton Friedman Day

Samantha Reinis @samantha_reinis / August 01, 2015 / 0 Comments

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.

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  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.”

Related posts:

FREE TO CHOOSE WITH MILTON FRIEDMAN

Milton Friedman and Margaret Thatcher were two of my heroes and I know that you can learn a great deal from their lives and their economic philosophies. Ronald Reagan and Margaret Thatcher were both were influenced by Milton Friedman. I suggest checking out these episodes of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “What is wrong with our schools?”  and “Created Equal”  and  From Cradle to Grave, and – Power of the Market.

Related posts:Milton Friedman’s “Free to Choose” film transcripts and videos here on http://www.thedailyhatch.org

I have many posts on my blog that include both the transcript and videos of Milton Friedman’s film series “Free to Choose” and here are the episodes that I have posted.

_____________

Here are the posts and you can find the links in order below this.

The Power of the Market from 1990

The Failure of Socialism from 1990

The Anatomy of a Crisis from 1980

What is wrong with our schools?  from 1980

Created Equal from 1980

From Cradle to Grave from 1980

The Power of the Market 1980

Debate on Inflation from 1980

Milton Friedman is the short one!!!

Milton Friedman’s Free to Choose (1980), episode 3 – Anatomy of a Crisis. part 1

“The Power of the Market” episode of Free to Choose in 1990 by Milton Friedman (Part 5)

July 5, 2012 – 10:29 am

Milton Friedman The Power of the Market 5-5 How can we have personal freedom without economic freedom? That is why I don’t understand why socialists who value individual freedoms want to take away our economic freedoms.  I wanted to share this info below with you from Milton Friedman who has influenced me greatly over the […] By Everette Hatcher III | Posted in Milton Friedman | Edit | Comments (0)

“The Power of the Market” episode of Free to Choose in 1990 by Milton Friedman (Part 4)

July 2, 2012 – 9:39 am

Milton Friedman The Power of the Market 4-5 How can we have personal freedom without economic freedom? That is why I don’t understand why socialists who value individual freedoms want to take away our economic freedoms.  I wanted to share this info below with you from Milton Friedman who has influenced me greatly over the […] By Everette Hatcher III | Posted in Milton Friedman | Edit | Comments (0)

“The Power of the Market” episode of Free to Choose in 1990 by Milton Friedman (Part 3)

June 28, 2012 – 6:41 am

Milton Friedman The Power of the Market 3-5 How can we have personal freedom without economic freedom? That is why I don’t understand why socialists who value individual freedoms want to take away our economic freedoms.  I wanted to share this info below with you from Milton Friedman who has influenced me greatly over the […] By Everette Hatcher III | Posted in Milton Friedman | Edit | Comments (0)

“The Power of the Market” episode of Free to Choose in 1990 by Milton Friedman (Part 2)

June 25, 2012 – 7:55 am

Milton Friedman The Power of the Market 2-5 How can we have personal freedom without economic freedom? That is why I don’t understand why socialists who value individual freedoms want to take away our economic freedoms.  I wanted to share this info below with you from Milton Friedman who has influenced me greatly over the […] By Everette Hatcher III | Posted in Milton Friedman | Edit | Comments (0)

“The Power of the Market” episode of Free to Choose in 1990 by Milton Friedman (Part 1)

June 21, 2012 – 7:39 am

Milton Friedman The Power of the Market 1-5 How can we have personal freedom without economic freedom? That is why I don’t understand why socialists who value individual freedoms want to take away our economic freedoms.  I wanted to share this info below with you from Milton Friedman who has influenced me greatly over the […] By Everette Hatcher III | Posted in Milton Friedman | Tagged arnold schwarzenegger. | Edit | Comments (0)

Milton Friedman’s Free to Choose (1980), episode 3 – Anatomy of a Crisis. part 1

“Friedman Friday” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 5)

January 4, 2013 – 1:35 am

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full) Published on Mar 19, 2012 by NoNationalityNeeded Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. Abstract: Ronald Reagan introduces this program, and traces a line from Adam Smith’s “The Wealth of […] By Everette Hatcher III | Posted in Milton Friedman, spending out of control | Edit | Comments (0)

“Friedman Friday” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 4)

December 28, 2012 – 1:27 am

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full) Published on Mar 19, 2012 by NoNationalityNeeded Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. Abstract: Ronald Reagan introduces this program, and traces a line from Adam Smith’s “The Wealth of […] By Everette Hatcher III | Posted in Milton Friedman, spending out of control | Edit | Comments (0)

“Friedman Friday” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 3)

December 21, 2012 – 1:22 am

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full) Published on Mar 19, 2012 by NoNationalityNeeded Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. Abstract: Ronald Reagan introduces this program, and traces a line from Adam Smith’s “The Wealth of […] By Everette Hatcher III | Posted in Milton Friedman, President Obama | Edit | Comments (0)

“Friedman Friday” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 2)

December 14, 2012 – 1:09 am

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full) Published on Mar 19, 2012 by NoNationalityNeeded Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. Abstract: Ronald Reagan introduces this program, and traces a line from Adam Smith’s “The Wealth of […] By Everette Hatcher III | Posted in Milton Friedman, President Obama | Edit | Comments (0)

“Friedman Friday,” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 1)

December 7, 2012 – 5:55 am

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full) Published on Mar 19, 2012 by NoNationalityNeeded Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. We must not head down the path of socialism like Greece has done. Abstract: Ronald Reagan […] By Everette Hatcher III | Posted in Milton Friedman, President Obama | Edit | Comments (1)

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