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Quote by Milton Friedman

“I do not believe there is a natural resource economics. I believe there is good economics and bad economics.”

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Milton Friedman was a renowned economist known for his contributions to the field of free-market economics. His research in monetary economics, consumer behavior, and tax policy has had a profound impact. more

“Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in discounts, service, and quality, and wage changes, in overtime, perquisites and so on…. But to whatever extent the freeze is enforced, it will do harm by distorting relative prices.”

Form Individual Quality Harm Relative Concealed Freeze Discounts

Book:There's no such thing as a free lunch

Source: There's no such thing as a free lunch

“It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the automatic response to the oil crisis.”

Government Gone Mark Crisis Response Oil Allocation Road To Serfdom

Author:Milton Friedman

“People who intend only to seek their own benefit are “led by an invisible hand to serve a public interest which was no part of” their intention. I say that there is a reverse invisible hand: People who intend to serve only the public interest are led by an invisible hand to serve private interests which was no part of their intention.”

People Hands Interest Intention Invisible Public Interest Invisible Hand

Author:Milton Friedman

“I want people to take thought about their condition and to recognize that the maintenance of a free society is a very difficult and complicated thing and it requires a self-denying ordinance of the most extreme kind”

People Want Kind Self Difficult Conditions Extremes Complicated Sophisticated Maintenance Free Society Ordinances Complicated Things

Author:Milton Friedman

“Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.”

Ideas Real Action Lying Taken Produce Depends Crisis Neoliberalism Real Change

Book:Capitalism and Freedom: Fortieth Anniversary Edition

Source: Capitalism and Freedom: Fortieth Anniversary Edition

“You must distinguish sharply between being pro free enterprise and being pro business.”

Enterprise Free Enterprise Economic Freedom

Author:Milton Friedman

“It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.”

Said Two Important Real Government Form Views Half Cutting Dollars Burden Spending Taxation Deficit Mandates Government Spending

Author:Milton Friedman

Quote by Milton Friedman

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