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Quotations by Milton Friedman
Milton FriedmanPolitical freedom means the absence of coercion - Political freedom means the absence of coercion of a man by his fellow men. The fundamental threat to freedom is power to coerce, be it in the hands of a monarch, a dictator, an oligarchy, or a momentary majority.
Every friend of freedom - Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence.
Reality of a minimum wage law - A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
Inflation is taxation - Inflation is the one form of taxation that can be imposed without legislation.
Economic and political freedom - Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself. . .Economic freedom is also an indispensable means toward the achievement of political freedom.
Environmentalism and the right amount of pollution - Even the most ardent environmentalist doesn't really want to stop pollution. If he thinks about it, and doesn't just talk about it, he wants to have the right amount of pollution. We can'treally afford to eliminate it - not without abandoning all the benefits of technology that we not only enjoy but on which we depend.
Equality and freedom - A society that puts equality - in the sense of equality of outcome - ahead of freedom will end up with neither equality nor freedom.


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