So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
More Quotes from Milton Friedman:
We have a system that increasingly taxes work and subsidizes nonwork.Milton Friedman
I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.
Milton Friedman
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
The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
Milton Friedman
Have all these countries found a genius like Greenspan ... What the foreign experience suggests is, you don't need a genius. You just need someone willing to make fighting inflation his top priority.
Milton Friedman
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
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