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" Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes. "

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" The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom. "

Milton Friedman

Way

Together

People

" The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people. "

" 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. "

" 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. "

" The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way. "

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

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

" Underlying most arguments against the free market is a lack of belief in freedom itself. "

" Concentrated power is not rendered harmless by the good intentions of those who create it. "

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

" The power to do good is also the power to do harm. "

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

Milton Friedman

Want

Government

" I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. "

" Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. "

" 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. "

" 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. "

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

" History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition. "

" Inflation is the one form of taxation that can be imposed without legislation. "

" And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout? "

Milton Friedman

Think

People

" Inflation is taxation without legislation. "

" When government - in pursuit of good intentions - tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player. "

" 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. "

" The only relevant test of the validity of a hypothesis is comparison of prediction with experience. "

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

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

" Is it really true that political self-interest is nobler somehow than economic self-interest? "

" Governments never learn. Only people learn. "

" Hell hath no fury like a bureaucrat scorned. "

Milton Friedman

Politics

Scorned

" I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that's missing, but that will soon be developed, is a reliable e-cash - a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A. "