Inspiring Words of Wisdom – 15 Iconic Milton Friedman Quotes

Inflation is always and everywhere a monetary phenomenon.

The government is the only employer that has a monopoly on coercion.

There’s no such thing as a free lunch.

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

Only a crisis—actual or perceived—produces real change.

A society that puts equality before freedom will end up with neither.

The great mistakes are made, not by people, but by groups.

The power to do good is also the power to do harm.

Nobody spends somebody else’s money as carefully as he spends his own.

If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.

As long as the government is holding the purse strings, you will never be free.

There is nothing so permanent as a temporary government program.

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

In a free economy, the freedom to choose is paramount.

The role of government should be to protect the freedom of the individual, not to limit it.

Economic freedom is essential for a political and social order.

Ideas are more powerful than guns.

The main point of competition is not to make something cheaper, but to make something better.

A democracy cannot be both ignorant and free.

Personal responsibility is the cornerstone of a thriving society.

The use of force to achieve economic goals is both counterproductive and unjust.

Efforts to reduce inequality often end up increasing it.

Misinformation spreads faster than the truth.

What we have is a scarcity of government, not an abundance of government.

The expectations of consumers should not dictate government policy.

Welfare programs can create dependency rather than empowerment.

The road to serfdom leads through a series of compromises.

Freedom to choose drives innovation and growth.

Corporate welfare is just as bad as social welfare.

A free market economy fosters a culture of creativity.

Justice requires a framework that respects individual rights.

Taxation is a form of theft if it removes incentives to work.

The best social program is a job.

Deregulation opens the door to entrepreneurship.

The invisible hand of the market is more trustworthy than the visible hand of government.

Consumer choice is the ultimate destination of economic freedom.

Public spending is an illusion of wealth redistribution.

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy.

Liberty is the mother of virtue.

Competition is a race to meet the needs of others.

Economic health relies on the freedom to fail.

Education should not be a bureaucratic enterprise.

Capitalism isn’t perfect, but it’s the best we’ve got.

Policies should prioritize the individual, not the collective.

History shows that freedom brings prosperity, while oppression leads to stagnation.

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