The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. – Milton Friedman
We have a system that increasingly taxes work and subsidizes nonwork. – Milton Friedman
If even a small fraction of the money we now spend on trying to enforce drug prohibition were devoted to treatment and drug rehabilitation, in an atmosphere of compassion not punishment, the reduction in drug usage and in the harm done to users could be dramatic. – Milton Friedman
The only relevant test of the validity of a hypothesis is comparison of prediction with experience. – Milton Friedman