Quotes From A Giant

Mark Skousen has a collection of quotes by Milton Friedman, a giant in economics (though not in stature).

"Inflation is always and everywhere a monetary phenomenon."

"There's no such thing as a free lunch."

"Competition is a tough weed, but freedom is a rare and delicate flower." -- (with George J. Stigler)

"If a tax cut increases government revenues, you haven't cut taxes enough."

"I favor tax reductions under any circumstances, for any excuse, for any reason, at any time."

"A society that puts equality ahead of freedom will end up with neither equality or freedom."

"Nothing is so permanent as a temporary government program."

"Inflation is taxation without legislation."

"The economy and the stock market are two different things."

"If government is to exercise power, better in the county than in the state, better in the state than in Washington."

"The great advances of civilization, whether in architecture or painting, in science or in literature, in industry or agriculture, have never come from centralized government."

"The minimum wage law is one of the most, if not the most, anti-black laws on the statute books."

"Nobody spends somebody else's money as carefully as he spends his own."

"The government solution to a problem is usually as bad as the problem."

Hattip Bryan Caplan