People who intend only to seek their own benefit are โled by an invisible hand to serve a public interest which was no part ofโ 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.
Milton FriedmanPick at random any three letters from the alphabet, put them in any order, and you will have an acronym designating a federal agency we can do without.
Milton FriedmanTo the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.
Milton FriedmanIf capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.
Milton FriedmanThe major basis for my opposition to marijuana prohibition has not been how badly it's worked, the fact that it's produced much more harm than good - it has been primarily a moral reason: I don't think the state has any more right to tell me what to put into my mouth than it has to tell me what can come out of my mouth.
Milton Friedman