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10 Classic Quotes From Milton Friedman

July 8, 2015

For any readers who aren’t familiar, Milton Friedman was a libertarian professor, writer and economist who won a Nobel Prize in 1976. We could use another man like him in America today.

Here are ten classic quotes which are attributed to him…

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

9. “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.”

8. “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 they ought to want.”

7. “The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way.”

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

5. “The government solution to a problem is usually as bad as the problem.”

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

3. “Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.”

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

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

Source: Brainy Quote

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