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Milton Friedman quotes (7)

What kind of society isnt structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of system.
Milton Friedman   Category: Capable

The Great Depression like most other periods of severe unemployment was produced by government mismanagement rather than by any inherent instability of the private economy.
Milton Friedman   Category: Depression

Only government can take perfectly good paper cover it with perfectly good ink and make the combination worthless.
Milton Friedman   Category: Unsorted

Fundamentally there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals the technique of the marketplace.
Milton Friedman   Category: Easy

Hell hath no fury like a bureaucrat scorned.
Milton Friedman   Category: Liberal

... it is worth discussing radical changes not in the expectation that they will be adopted promptly but for two other reasons. One is to construct an ideal goal so that incremental changes can be judged by whether they move the institutional structure toward or away from that ideal. The other reason is very different. It is so that if a crisis requiring or facilitating radical change does arise alternatives will be available that have been carefully developed and fully explored.
Milton Friedman   Category: Change

If you put the federal government in charge of the Sahara Desert in 5 years thered be a shortage of sand.
Milton Friedman   Category: Government