Quoth Friedman

Most of the energy of political work is devoted to correcting the effects of mismanagement of government.

Inflation is taxation without legislation.

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 a system.

There’s no such thing as a free lunch.

There is only one social responsibility of business – to use its resources and engage in activities designed to increase its profits without deception or fraud.

We have a system that increasingly taxes work and subsidizes nonwork.

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

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

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

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

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

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

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