Phrase by 'Milton Friedman'
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When government - in pursuit of good intentions - tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.
Author: Milton Friedman - American EconomistGood , Freedom , Government , Loss
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.
Author: Milton Friedman - American EconomistDepression , Like , Great , Government
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
Author: Milton Friedman - American EconomistYou , Politics , Government , Desert
Inflation is the one form of taxation that can be imposed without legislation.
Author: Milton Friedman - American EconomistForm , Without , Inflation , Taxation
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, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way.
Author: Milton Friedman - American EconomistWorld , Great , Self , Government
The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
Author: Milton Friedman - American EconomistOnly , Experience , Test , Comparison
The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.
Author: Milton Friedman - American EconomistNever , Science , Painting , Architecture
So that the record of history is absolutely crystal clear. That 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.
Author: Milton Friedman - American EconomistPeople , History , Way , Candle
Nothing is so permanent as a temporary government program.
Author: Milton Friedman - American EconomistNothing , Government , Program , Permanent
Underlying most arguments against the free market is a lack of belief in freedom itself.
Author: Milton Friedman - American EconomistFreedom , Free , Against , Belief
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