Today would have been Milton Friedman’s 104th birthday. When he died in 2006, the Wall Street Journal said this of him:
“Few people in human history have contributed more to the achievement of human freedom.”
Here are eleven of my favorite pithy quips from him:
- Underlying most arguments against the free market is a lack of belief in freedom itself.
- If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand
- Nothing is so permanent as a temporary government program.
- Governments never learn. Only people learn.
- There’s no such thing as a free lunch.
- Hell hath no fury like a bureaucrat scorned.
- The government solution to a problem is usually as bad as the problem.
- Nobody spends somebody else’s money as carefully as he spends his own.
- Concentrated power is not rendered harmless by the good intentions of those who create it.
- Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
- I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
In 1980, Friedman published “Free to Choose,” which was also turned into a 10-part television series. While promoting it, he spoke with Phil Donahue about it, generating one of the most-watched interactions of all time.
This short clip contains his classic defense of free-market capitalism (view the entire clip here):
Here are links to his two best-selling and incredibly influential books:
RIP, Uncle Miltie…
Thank you for reading and please share!