Milton Friedman

Image of Milton Friedman
The word ‘free’ is used three times in the Declaration of Independence and once in the First Amendment to the Constitution, along with ‘freedom.’ The word ‘fair’ is not used in either of our founding documents.
- Milton Friedman
Collection: Firsts
Image of Milton Friedman
There’s no doubt in my mind that Ronald Reagan was by far the greatest. Because he had real principles and he stuck by them. He made clear what he was going to do, and he did it. He didn’t back down.
- Milton Friedman
Collection: Real
Image of Milton Friedman
On aging societies, there is no reason why a country that has a lot of old people can’t be prosperous if, during their working lives, individuals provide for their retirement.
- Milton Friedman
Collection: Country
Image of Milton Friedman
The state of our educational system is a disgrace to our country. We have an elementary and secondary school system in which close to half of the youngsters never graduate properly. It’s a disgrace that there is more illiteracy today than there was 100 years ago.
- Milton Friedman
Collection: Country
Image of Milton Friedman
The true test of any scholar’s work is not what his contemporaries say, but what happens to his work in the next twenty-five or fifty years. And the thing that I will really be proud of is if some of the work I have done is still cited in the text books long after I am gone.
- Milton Friedman
Collection: Book
Image of Milton Friedman
China’s productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.
- Milton Friedman
Collection: Country