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We need a government to maintain a system of courts that will uphold contracts and rule on compensation for damages. We need a government to ensure the safety of its citizens–to provide police protection. But government is failing at a lot of these things that it ought to be doing because it's involved in so many things it shouldn't be doing.
- A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both. Milton Friedman.
- One of the great mistakes is to judge policies and programs by their intentions rather than their results. Milton Friedman. Mistake, Judging, Politics.
- If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. Milton Friedman. Government, Years, Political.
- When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it. When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on.
- Tariffs, Subsidies and Government failure.
- Social Security and Permanent Government Schemes
- Evaluation of Friedman’s Statement
Recent news about the US trade war, made me remember this quote of Milton Friedman Donald Trump has vowed to ‘protect’ US manufacturing industries and tackle the ‘unfair’ US current account deficit with China. Trump perceives the US is ‘losing out’ to China. As a result, he has placed tariffs on Chinese exports to try and protect US industries. How...
Another example of Friedman’s statement is the example of social security payments. Designed to offer temporary support to the unemployed. Free market economists argue that offering social security payments can discourage incentives to work and lead to a growth in social security payments over time. Pressure groups, such as the elderly, become adep...
In the case of agricultural subsidies, there is a strong economic case for abolishing agricultural subsidiesor at least linking them to environmental externalities. However, some government schemes offer good value in overcoming market failures – such as improving health care and life expectancy. Health care spending has increased faster than econo...
Jul 31, 2018 · Discover Milton Friedman quotes about limited government. Share with friends. Create amazing picture quotes from Milton Friedman quotations.
- Milton Friedman
- 1993
- “None of this means that government does not have a very real function. Indeed, the tragedy is that because government is doing so many things it ought not to be doing, it performs the functions it ought to be performing badly.
- “Abraham Lincoln talked about a government of the people, by the people, for the people. What we now have is a government of the people, by the bureaucrats, including the legislators who have become bureaucrats, for the bureaucrats.”
- “At the end of World War II, we had wage and price controls. Under wartime inflationary conditions, many employers found it difficult to recruit employees.
- “If a private enterprise is a failure, it closes down—unless it can get a government subsidy to keep it going; if a government enterprise fails, it is expanded.
Friedman was widely regarded as the leader of the Chicago School of monetary economics, which stresses the importance of the quantity of money as an instrument of government policy and as a determinant of business cycles and inflation. He published many books and articles, most notably A Theory of the Consumption Function, The Optimum Quantity
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“What your country can do for you” implies that the government is the patron, the citizen the ward. “What you can do for your country” assumes that the government is the master, the citizen the servant.” ― Milton Friedman, Capitalism and Freedom
