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quote by Milton Friedman: Inflation is always and everywhere a monetary phenomenon. with background image: photo of author Milton Friedman with quote

Inflation is always and everywhere a monetary phenomenon.

--Milton Friedman

Longer Version:

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.





quote by Milton Friedman: I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk … with background image: brown and gray brick wall
Background Photo: engin akyurt

I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity.

--Milton Friedman
quote by Milton Friedman: If you do not force political freedom, economic freedom will be stymied sooner or later. with background image: photo of author Milton Friedman with quote

If you do not force political freedom, economic freedom will be stymied sooner or later.

--Milton Friedman

quote by Milton Friedman: Economic freedom is ... an indispensable means toward the achievement of political freedom. with background image: photo of author Milton Friedman with quote

Economic freedom is ... an indispensable means toward the achievement of political freedom.

--Milton Friedman

Longer Version:

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.








quote by Milton Friedman: 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. with background image: photo of author Milton Friedman with quote

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.

--Milton Friedman




quote by Milton Friedman: We have a freer world because of the collapse of the Soviet Union and the changes in China. Those two have been the main contributors to freedom in our time. with background image: photo of author Milton Friedman with quote

We have a freer world because of the collapse of the Soviet Union and the changes in China. Those two have been the main contributors to freedom in our time.

--Milton Friedman





quote by Milton Friedman: I think it's a scandal what has been happening in the school system so far as lower income classes. The dropout rates, the illiteracy rate, you know literacy in the United States was a lot higher in … with background image: brown and gray brick wall
Background Photo: engin akyurt

I think it's a scandal what has been happening in the school system so far as lower income classes. The dropout rates, the illiteracy rate, you know literacy in the United States was a lot higher in 1890 than it is now.

--Milton Friedman
quote by Milton Friedman: So long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud. with background image: photo of author Milton Friedman with quote

So long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.

--Milton Friedman
quote by Milton Friedman: If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies. with background image: photo of author Milton Friedman with quote

If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.

--Milton Friedman







quote by Milton Friedman: With respect to teachers' salaries .... Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority. with background image: photo of author Milton Friedman with quote

With respect to teachers' salaries .... Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority.

--Milton Friedman








quote by Milton Friedman: On aging societies, there is no reason why a country that has a lot of old people can't be prosperous if, during their working lives, individuals provide for their retirement. with background image: photo of author Milton Friedman with quote

On aging societies, there is no reason why a country that has a lot of old people can't be prosperous if, during their working lives, individuals provide for their retirement.

--Milton Friedman

quote by Milton Friedman: 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? with background image: photo of author Milton Friedman with quote

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


quote by Milton Friedman: I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. with background image: photo of author Milton Friedman with quote

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

--Milton Friedman
quote by Milton Friedman: One of the great mistakes is to judge policies and programs by their intentions rather than their results. with background image: photo of author Milton Friedman with quote

One of the great mistakes is to judge policies and programs by their intentions rather than their results.

--Milton Friedman
quote by Milton Friedman: 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. with background image: photo of author Milton Friedman with quote

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.

--Milton Friedman


quote by Milton Friedman: Hong Kong is the bellwether. If the Chinese stick to their agreement to let Hong Kong go its own path, then China will also go that way. If they don't, that is a very bad sign. I'm optimistic. with background image: photo of author Milton Friedman with quote

Hong Kong is the bellwether. If the Chinese stick to their agreement to let Hong Kong go its own path, then China will also go that way. If they don't, that is a very bad sign. I'm optimistic.

--Milton Friedman




quote by Milton Friedman: You must distinguish sharply between being pro free enterprise and being pro business. with background image: photo of author Milton Friedman with quote

You must distinguish sharply between being pro free enterprise and being pro business.

--Milton Friedman

quote by Milton Friedman: Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another. with background image: photo of author Milton Friedman with quote

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

--Milton Friedman
quote by Milton Friedman: Is it really true that political self-interest is nobler somehow than economic self-interest? with background image: photo of author Milton Friedman with quote

Is it really true that political self-interest is nobler somehow than economic self-interest?

--Milton Friedman
quote by Milton Friedman: One man's opportunism is another man's statesmanship. with background image: photo of author Milton Friedman with quote

One man's opportunism is another man's statesmanship.

--Milton Friedman
quote by Milton Friedman: I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal. with background image: photo of author Milton Friedman with quote

I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.

--Milton Friedman
quote by Milton Friedman: Inflation is the one form of taxation that can be imposed without legislation. with background image: photo of author Milton Friedman with quote

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

--Milton Friedman
quote by Milton Friedman: Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government. with background image: photo of author Milton Friedman with quote

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

--Milton Friedman
quote by Milton Friedman: Governments never learn. Only people learn. with background image: photo of author Milton Friedman with quote

Governments never learn. Only people learn.

--Milton Friedman
quote by Milton Friedman: Underlying most arguments against the free market is a lack of belief in freedom itself. with background image: photo of author Milton Friedman with quote

Underlying most arguments against the free market is a lack of belief in freedom itself.

--Milton Friedman
quote by Milton Friedman: Hell hath no fury like a bureaucrat scorned. with background image: photo of author Milton Friedman with quote

Hell hath no fury like a bureaucrat scorned.

--Milton Friedman
quote by Milton Friedman: The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government. with background image: photo of author Milton Friedman with quote

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

--Milton Friedman
quote by Milton Friedman: We have a system that increasingly taxes work and subsidizes nonwork. with background image: photo of author Milton Friedman with quote

We have a system that increasingly taxes work and subsidizes nonwork.

--Milton Friedman

quote by Milton Friedman: Most of the energy of political work is devoted to correcting the effects of mismanagement of government. with background image: photo of author Milton Friedman with quote

Most of the energy of political work is devoted to correcting the effects of mismanagement of government.

--Milton Friedman

quote by Milton Friedman: Columbus did not seek a new route to the Indies in response to a majority directive. with background image: photo of author Milton Friedman with quote

Columbus did not seek a new route to the Indies in response to a majority directive.

--Milton Friedman
quote by Milton Friedman: Concentrated power is not rendered harmless by the good intentions of those who create it. with background image: photo of author Milton Friedman with quote

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

--Milton Friedman
quote by Milton Friedman: There's no such thing as a free lunch. with background image: photo of author Milton Friedman with quote

There's no such thing as a free lunch.

--Milton Friedman

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