Milton Friedman quotes and words of wisdom

"Hell hath no fury like a bureaucrat scorned."
Found in the topic Liberal.

"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."
Found in the topic Easy.

"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."
Found in the topic Depression.

"What kind of society isn"t structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of system."
Found in the topic Capable.

"If you put the federal government in charge of the Sahara Desert, in 5 years there"d be a shortage of sand."
Found in the topic Government.

"... it is worth discussing radical changes, not in the expectation that they will be adopted promptly but for two other reasons. One is to construct an ideal goal, so that incremental changes can be judged by whether they move the institutional structure toward or away from that ideal. The other reason is very different. It is so that if a crisis requiring or facilitating radical change does arise, alternatives will be available that have been carefully developed and fully explored."
Found in the topic Change.

"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless."
Found in the topic Unsorted.

Interesting Quotes

The good people sleep much better at night than the bad people. Of course, the bad people enjoy the waking hours much more.Woody Allen - US movie actor, comedian, & director (1935 - )

Great ideas need landing gear as well as wings.C. D. Jackson