20 Best Quotes From Milton Friedman

[GURPS]

In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman



20) “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”

19) “Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery. The nineteenth century and early twentieth century in the Western world stand out as striking exceptions to the general trend of historical development. Political freedom in this instance clearly came along with the free market and the development of capitalist institutions. So also did political freedom in the golden age of Greece and in the early days of the Roman era.”

18) “It is one thing to have free immigration to jobs. It is another thing to have free immigration to welfare. And you cannot have both. If you have a welfare state, if you have a state in which every resident is promised a certain minimal level of income, or a minimum level of subsistence, regardless of whether he works or not, produces it or not. Then it really is an impossible thing.”

 

[Monello]

Great post. This should be mandatory reading for every elected official.

 

[Gilligan]

The antidote to Krugman's nonsense.

 

[GURPS]

what no LB no Sweetie Pie ????

 

[GURPS]

Great post. This should be mandatory reading for every elected official.

The antidote to Krugman's nonsense.

 

[LibertyBeacon]

what no LB no Sweetie Pie ????

What are you expecting, exactly?

When you deserve to be called an idiot, I call you an idiot. But not this time...

I love Milton. He's awesome. I even met him many moons ago at University of Chicago.

 

[GURPS]

First, the scope of government must be limited. Its major function must be to protect our freedom both from the enemies outside our gates and from our fellow-citizens: to preserve law and order, to enforce private contracts, to foster competitive markets. Beyond this major function, government may enable us at times to accomplish jointly what we would find it more difficult or expensive to accomplish severally. However, any such use of government is fraught with danger. We should not and cannot avoid using government in this way. But there should be a clear and large balance of advantages before we do. By relying primarily on voluntary co-operation and private enterprise, in both economic and other activities, we can insure that the private sector is a check on the powers of the governmental sector and an effective protection of freedom of speech, of religion, and of thought.

Friedman, Milton (2009-02-15). Capitalism and Freedom: Fortieth Anniversary Edition (pp. 2-3). University of Chicago Press. Kindle Edition.

 

[GURPS]

The citizen of the United States who is compelled by law to devote something like 10 per cent of his income to the purchase of a particular kind of retirement contract, administered by the government, is being deprived of a corresponding part of his personal freedom. How strongly this deprivation may be felt and its closeness to the deprivation of religious freedom, which all would regard as “civil” or “political” rather than “economic”, were dramatized by an episode involving a group of farmers of the Amish sect. On grounds of principle, this group regarded compulsory federal old age programs as an infringement of their personal individual freedom and refused to pay taxes or accept benefits. As a result, some of their livestock were sold by auction in order to satisfy claims for social security levies. True, the number of citizens who regard compulsory old age insurance as a deprivation of freedom may be few, but the believer in freedom has never counted noses.

A citizen of the United States who under the laws of various states is not free to follow the occupation of his own choosing unless he can get a license for it, is likewise being deprived of an essential part of his freedom. So is the man who would like to exchange some of his goods with, say, a Swiss for a watch but is prevented from doing so by a quota. So also is the Californian who was thrown into jail for selling Alka Seltzer at a price below that set by the manufacturer under so-called “fair trade” laws. So also is the farmer who cannot grow the amount of wheat he wants. And so on. Clearly, economic freedom, in and of itself, is an extremely important part of total freedom.

Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other.

Friedman, Milton (2009-02-15). Capitalism and Freedom: Fortieth Anniversary Edition (pp. 8-9). University of Chicago Press. Kindle Edition.