The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.
Milton FriedmanOne of the great mistakes is to judge policies and programs by their intentions rather than their results.
Milton FriedmanWhen a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly what's been happening with drugs?
Milton FriedmanTo the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.
Milton FriedmanThe problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
Milton FriedmanAll of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.
Milton Friedman