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36 Inspiring Quotes By Milton Friedman That Will Motivate You To Build Your Nest Egg

Famous As: American Economist & Nobel Prize Winner in Economic Sciences Who Extolled the Virtues of a Free Market Economic System
Born On: July 31, 1912
Died On: November 16, 2006
Born In: Brooklyn, New York, United States
Founder / Co Founder: The Foundation for Educational Choice
Died At Age: 94

Milton Friedman was a prominent American economist. In 1976, he was awarded ‘The Nobel Memorial Prize in Economic Sciences’ for his research on monetary history and theory, complexity of stabilization policy and consumption analysis. His vast sea of works include a broad range of economic topics, monographs, television programs, public policy issues, scholarly articles, magazine columns, and essays that have had global influence. His political philosophy eulogized the righteousness of free market with least intervention. Let us take a look at some quotes by Milton Friedman, which have been extracted from his writings, researches, books, articles, etc. Scroll through the corpus of noteworthy quotes by Milton Friedman on power, taxes, system, capitalism, organization, finance, circumstances, statesmanship, internet, comparison, experience, etc.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

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

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

Milton Friedman
Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.

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

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

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

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

Milton Friedman
Governments never learn. Only people learn.

Governments never learn. Only people learn.

Milton Friedman
There's no such thing as a free lunch.

There's no such thing as a free lunch.

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

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

Milton Friedman
The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both

The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both

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

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

Milton Friedman
See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.

See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.

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.

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
Society doesn't have values. People have values.

Society doesn't have values. People have values.

Milton Friedman
Education spending will be most effective if it relies on parental choice & private initiative -- the building blocks of success throughout our society.

Education spending will be most effective if it relies on parental choice & private initiative -- the building blocks of success throughout our society.

Milton Friedman
He moves fastest who moves alone.

He moves fastest who moves alone.

Milton Friedman
Hell hath no fury like a bureaucrat scorned.

Hell hath no fury like a bureaucrat scorned.

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.

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
I think that the Internet is going to be one of the major forces for reducing the role of government.

I think that the Internet is going to be one of the major forces for reducing the role of government.

Milton Friedman
Is it really true that political self-interest is nobler somehow than economic self-interest? . . . And just tell me where in the world you find these angels who are going to organize society for us.

Is it really true that political self-interest is nobler somehow than economic self-interest? . . . And just tell me where in the world you find these angels who are going to organize society for us.

Milton Friedman
I am a libertarian with a small 'l' and a Republican with a capital 'R'. And I am a Republican with a capital 'R' on grounds of expediency, not on principle.

I am a libertarian with a small 'l' and a Republican with a capital 'R'. And I am a Republican with a capital 'R' on grounds of expediency, not on principle.

Milton Friedman
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves

There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves

Milton Friedman
The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them.

The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them.

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 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
With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.

With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.

Milton Friedman
I say thank God for government waste. If government is doing bad things, it's only the waste that prevents the harm from being greater.

I say thank God for government waste. If government is doing bad things, it's only the waste that prevents the harm from being greater.

Milton Friedman
Anybody who was easily converted was not worth converting.

Anybody who was easily converted was not worth converting.

Milton Friedman
. . . there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.

. . . there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.

Milton Friedman
The smaller the unit of government and the more restricted the functions assigned government, the less likely it is that its actions will reflect special interests rather than the general interest.

The smaller the unit of government and the more restricted the functions assigned government, the less likely it is that its actions will reflect special interests rather than the general interest.

Milton Friedman
.'Deserves' is an impossible thing to decide. No one deserves anything. Thank God we don't get what we deserve.

.'Deserves' is an impossible thing to decide. No one deserves anything. Thank God we don't get what we deserve.

Milton Friedman
Inflation is taxation without representation.

Inflation is taxation without representation.

Milton Friedman
Believers in aristocracy and socialism share a faith in centralized rule, in rule by command rather than by voluntary cooperation.

Believers in aristocracy and socialism share a faith in centralized rule, in rule by command rather than by voluntary cooperation.

Milton Friedman
The combination of economic and political power in the same hands is a sure recipe for tyranny.

The combination of economic and political power in the same hands is a sure recipe for tyranny.

Milton Friedman
The role of government just considered is to do something that the market cannot do for itself, namely, to determine, arbitrate, and enforce the rules of the game.

The role of government just considered is to do something that the market cannot do for itself, namely, to determine, arbitrate, and enforce the rules of the game.

Milton Friedman
Only people have incomes and they derive them through the market from the resources they own, whether these be in the form of corporate stock, or of bonds, or of land, or of their personal capacity.

Only people have incomes and they derive them through the market from the resources they own, whether these be in the form of corporate stock, or of bonds, or of land, or of their personal capacity.

Milton Friedman
Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

Milton Friedman