Milton Friedman

Milton Friedman

American economist, statistician, and writer who taught at the University of Chicago for more than three decades
It doesn't worry me a bit that China and Japan hold so much US debt. In a way, it seems foolish for them to do it because they get lower returns than they might elsewhere. But that is their business.More Milton Friedman quotes [03/29/2018 05:03:36]
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. 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.More Milton Friedman quotes [03/29/2018 05:03:36]
To the free man, the country is the collection of individuals who compose it, not something over and above them. ... He recognizes no national goal except as it is the consensus of the goals that the citizens severally serve. He recognizes no national purpose except as it is the consensus of the purposes for which the citizens severally strive.More Milton Friedman quotes [03/29/2018 05:03:36]
The only corporate social responsibility a company has is to maximize its profits.More Milton Friedman quotes [03/29/2018 05:03:36]
When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union - like public housing in the United States - look decrepit within a year or two of their construction...More Milton Friedman quotes [03/29/2018 05:03:36]

Quotes of the month

Elizabeth Bowen Pity the selfishness of lovers: it is brief, a forlorn hope; it is impossible. [03/29/2018 05:03:36] More


Jeff Bezos Will you be clever at the expense of others, or will you be kind? [03/29/2018 05:03:36] More


Neil Gaiman She was the storm, she was the lightning, she was the adult world with all its power and all its secrets and all its foolish casual cruelty. [03/29/2018 05:03:36] More


Desi Arnaz My Latin temper blows up pretty fast, but it goes down just as fast. Maybe that's why you seldom hear of ulcers in Latin America. [03/29/2018 05:03:36] More


Bob Saget The Comedy Store - all three rooms were filled with 800 people in the room. And during that time, all these guys and some women, but mostly guys who weren't funny were doing stand up for a living; they weren't accountants, they were making $30-$50 grand a year on the road, or more. [03/29/2018 05:03:36] More