Milton Friedman, wise and witty

John Hawkins has pulled together some excellent Milton Friedman quotations.  I’m embarrassed to admit that, growing up in my Left wing, liberal arts enclave, I’d never heard of Friedman.  I wonder if early exposure to his ideas (and his charm) would have lifted me out of the darkness sooner.

My favorite quotation from the Hawkins column is this one, which is the pithiest summary I can imagine for the beauty of a healthy marketplace:

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

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  • JKB

    I think it might.  Listen to what he had to say then.  Start here: Milton Friedman – Socialized Medicine – YouTube for lots and lots of good information from Milton Friedman.  

    In the link above, I like his pointing out that many producers welcome government takeover as payer as a new source of revenue.  However, as he relates, after a time, after complete takeover, the cash moves on to the next government target and the consumed industries are starved to feed the beast.

    This is the best advice from him, I think  Why it isn’t Necessary to “Throw the Bums Out” – YouTube  
    We saw it with the debt limit negotiations.  It was made “politically profitable for the wrong people to do the right thing” and that is why so few Tea Partiers in Congress could have a say, they had a force behind them. 

  • Simplemind

    Get thee to Youtube . . .

    The best was when he went on Phil Donahue and schooled the daft liberal . . .