Milton Friedman Quotes

Who was Milton Friedman?

Milton Friedman was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis.

Born July 31, 1912
Died November 16, 2006
Aged 94 years old

Books by Milton Friedman

Best 10 Quotes by Milton Friedman

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

“Anybody who was easily converted was not worth converting.”

“He moves fastest who moves alone.”

“Hell hath no fury like a bureaucrat scorned.”

“If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.”

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

“Nothing is so permanent as a temporary government program.”

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

“There's no such thing as a free lunch.”

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

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“In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.”

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