It’s Milton Friedman Day!
Bon July 31, 1912, the Nobel Prize winner and libertarian economist revolutionized the world and was a major influence on the economic policies of U.S. President Ronald Reagan and U.K. Prime Minister Margaret Thatcher. He also served as an economic adviser to Barry Goldwater in 1964.
In honor of his birthday, here are 10 Milton Friedman quotes that will make liberals melt with rage.
1) The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
2) If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.
3) I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
4) We have a system that increasingly taxes work and subsidizes nonwork.
5) One of the great mistakes is to judge policies and programs by their intentions rather than their results.
6) There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
7) With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
8) The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.
9) The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.
10) If a tax cut increases government revenues, you haven’t cut taxes enough.