Milton Friedman

Milton Friedman

American economist, statistician, and writer who taught at the University of Chicago for more than three decades
What works for Sweden wouldn't work for France or Germany or Italy. In a small state, you can reach outside for many of your activities. In a homogeneous culture, they are willing to pay higher taxes in order to achieve commonly held goals. But "common goals" are much harder to come by in larger, more heterogeneous populations.More Milton Friedman quotes [03/29/2018 05:03:36]
Nobody spends somebody else's money as carefully as he spends his own.More Milton Friedman quotes [03/29/2018 05:03:36]
"Free markets" is a very general term. There are all sorts of problems that will emerge. Free markets work best when the transaction between two individuals affects only those individuals. Most often, a transaction between you and me affects a third party. That is the source of all problems for government. That is the source of all pollution problems, of the inequality problem. This reality ensures that the end of history will never come.More Milton Friedman quotes [03/29/2018 05:03:36]
There's no such thing as a free lunch.More Milton Friedman quotes [03/29/2018 05:03:36]
Inflation is taxation without legislation.More Milton Friedman quotes [07/09/2011 11:07:07]

Quotes of the month

Eugene Ryabyi The soul is the only thing on earth that is beyond time. [11/16/2018 09:11:38] More


Eugene Ryabyi The beauty is a terrible force that makes people go under the knife of plastic surgeon. [11/18/2018 09:11:42] More


Anatoly Yurkin Thanks to Big Data, human mistakes will be a digital analogue of oil, a public resource for development in the current century. [12/11/2018 12:12:45] More


Anatoly Yurkin Loyalty is always a dramaturgy for theatre discipline. (Anatoly Yurkin) [11/13/2018 02:11:52] More


Eugene Ryabyi A man on whose side the truth never argues. [11/18/2018 09:11:03] More