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37 quotes by Milton Friedman

Part of a series on the Chicago school of economics Movements Libertarianism Neoliberalism Positive non-interventionism Organizations Cato Institute George Mason University Library of Economics and Liberty Reason Foundation Beliefs Consequentialist libertarianism Monetarism Neoclassical economics People Gary Becker Ronald Coase Robert Fogel David Friedman Milton Friedman Rose Friedman Frank Knight Robert Lucas, Jr. George Stigler Friedrich Hayek...
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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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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent... →

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There's no such thing as a free lunch.

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The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein... →

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The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come... →

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So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary... →

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The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

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Inflation is taxation without legislation.

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Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks... →

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Concentrated power is not rendered harmless by the good intentions of those who create it.

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Governments never learn. Only people learn.

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Inflation is the one form of taxation that can be imposed without legislation.

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History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

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