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Milton Friedman — Portrait after a picture by Bachrach Studios (public domain), via Wikimedia Commons.

The quotations of

Milton Friedman

American economist and statistician

1912–2006

14 quotes, most often on Government, Economics and Freedom.

Underlying most arguments against the free market is a lack of belief in freedom itself.
Capitalism and Freedom (1962), Ch. 1 The Relation Between Economic Freedom and Political Freedom, 2002 edition, page 15
The basic problem of social organization is how to co-ordinate the economic activities of large numbers of people.
Capitalism and Freedom (1962), Ch. 1 The Relation Between Economic Freedom and Political Freedom, p. 12
- Economics
If you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That’s literally true.
America’s Drug Forum interview (1991)
- Economics
- Government
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.
The Counter-Revolution in Monetary Theory (1970)
- Economics
- Money
Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Free to Choose (1980), Ch. 1 “The Power of the Market”, p. 13
- Economics

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