Wednesday, November 29, 2006

Mark Skouson's Take on Friedman



Economist Mark Skouson has a post about Milton Friedman which has some classic quotes. The best line the the inscription on the picture which comments "All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman." --George J. Stigler

Skouson also lists some other great Friedman quips -

"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."

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