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Quote by Milton Friedman

Work

Capitalism and Freedom: Fortieth Anniversary Edition

This book delves into the core concepts of capitalism and its implications for economic freedom. Written by a renowned economist, it offers an in-depth analysis of economic policies and their effects on society, reflecting on the evolution of economic thought over four decades. more

Author

Milton Friedman
Milton Friedman

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

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“Speculators are obsessed with predicting: guessing the direction of stock prices. Every morning on cable television, every afternoon on the stock market report, every weekend in Barron's, every week in dozens of market newsletters, and whenever business people get together. In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a purely speculative undertaking.”

“It is a mistake to assume that government must necessarily last forever. The institution marks a certain stage of civilization-is natural to a particular phase of human development. It is not essential, but incidental. As amongst the Bushmen we find a state antecedent to government, so may there be one in which it shall have become extinct.”

“It is easy to understand why the law is used by the legislator to destroy in varying degrees among the rest of the people, their personal independence by slavery, their liberty by oppression, and their property by plunder. This is done for the benefit of the person who makes the law, and in proportion to the power that he holds.”