Phrase by 'Milton Friedman'
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Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Author: Milton Friedman - American EconomistOnly , Party , Pie , Economic
We have a system that increasingly taxes work and subsidizes nonwork.
Author: Milton Friedman - American EconomistWork , System , Taxes , Increasingly
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
Author: Milton Friedman - American EconomistFree , Single , Important , Place
The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.
Author: Milton Friedman - American EconomistPeople , Freedom , Way , Together
Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?
Author: Milton Friedman - American EconomistYou , Me , Think , Society
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
Author: Milton Friedman - American EconomistPeople , Want , Problem , Government
Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property.
Author: Milton Friedman - American EconomistThree , Nation , Government , Military
Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
Author: Milton Friedman - American EconomistEnergy , Work , Political , Government
The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
Author: Milton Friedman - American EconomistCapitalism , Greed , Problem , Organization
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