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Milton Friedman
Quote #49
The stock market and economy are two different things.
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Only a crisis, real or perceived, produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are ly…
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…
Corruption is government intrusion into market efficiencies in the form of regulations.
It is because it's prohibited. See, if you look at the drug war from a purely economic point of view, the role of the government is to prot…
Complete free trade is not politically feasible. Why? Because it's only in the general interest and in no one's special interest. The benef…
So long as large sums of money are involved - and they are bound to be if drugs are illegal - it is literally impossible to stop the traffi…
Everywhere, and at all times, economic progress has meant far more to the poor than to the rich.
There is no logical basis for the prohibition of marijuana. $7.7 billion is a lot of money, but that is one of the lesser evils. Our failur…
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