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Milton Friedman On Capitalism with Phil Donahue

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Capitalism Explained by Milton Friedman

“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 Quotes on Capitalism and Government and Tyranny

“Columbus did not seek a new route to the Indies in response to a majority directive.”

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

“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.”

“Governments never learn. Only people learn.”

“Hell hath no fury like a bureaucrat scorned.”

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

More Quotes by Milton Friedman on Capitalism, Socialism, Governments and Socialism

“I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.”

“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.”

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