1912 - 2006
Milton Friedman (1912–2006) was an influential American economist and a leading advocate of free-market capitalism. He was known for his work on monetary policy, advocating for deregulation, and promoting the importance of individual choice and competition in the market. Friedman received the Nobel Prize in Economics in 1976 for his contributions to the field.
Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.
It’s so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.
Higher taxes will not reduce the deficit, except for a brief interval. They will simply increase government spending. That is the lesson taught by past experiences.
Higher taxes of any kind, direct or indirect, are bad economics and even worse politics.
If you pay people not to work and tax them when they do, don't be surprised if you get unemployment.
Nothing is so permanent as a temporary government program.
Underlying most arguments against the free market is a lack of belief in freedom itself.
The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
We have a system that increasingly taxes work and subsidizes nonwork.
There's no such thing as a free lunch.
In a bureaucratic system, useless work drives out useful work.
Inflation is taxation without legislation.