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economist Capitalism Libertarianism. Monetarism Free markets

He moves fastest who moves alone.

- Milton Friedman

Other quotes by Milton Friedman


Fact

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

- Milton Friedman
Gain

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
Capitalism Will

The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.

- Milton Friedman
Work Government

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

- Milton Friedman
People

And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?

- Milton Friedman
Government

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

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God sleeps in the minerals, awakens in plants, walks in animals, and thinks in man.

- Arthur Young

Men are mortal. So are ideas. An idea needs propagation as much as a plant needs watering. Otherwise both will wither and die.

- B. R. Ambedkar

Senior development specialists in the Treasury can be counted on one hand. America's government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments.

- Jeffrey Sachs

We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well.

- Jeffrey Sachs

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