Quote: Milton Friedman on Giving Away the Store

Milton Friedman - American Economist, Statistician and Nobel Prize in Economics Recipient

Milton Friedman – American Economist, Statistician and Nobel Prize in Economics Recipient

“Very few people spend other people’s money as carefully as they spend their own.”

And, unfortunately, many women use their credit cards as though they were spending other people’s money. kqd

Please read my related post – Giving Away the Store Vol. #2 Essay 1

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6 thoughts on “Quote: Milton Friedman on Giving Away the Store

  1. Milton Friedman Quotes

    “If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.”

    “Nothing is so permanent as a temporary government program.”

    “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.”

    “The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.”

    “The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”

    “Underlying most arguments against the free market is a lack of belief in freedom itself.”

    “We have a system that increasingly taxes work and subsidizes nonwork.”

    Milton Friedman, Economist (1912-2006)

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