Posts Tagged ‘milton friedman’

Milton Friedman: Scarcity in Midst of Plenty

Posted by admin on Sunday, September 16, 2018

Milton Friedman Money Quote saying he could not abide by the conflicting existence of poverty when there is wealth everywhere surrounding us. Milton Friedman said:
 
problem of scarcity in the midst of plenty ... of people starving while there are unused resources  Quote
 

“My major problem with the world is a problem of scarcity in the midst of plenty … of people starving while there are unused resources … people having skills which are not being used” — Milton Friedman

 
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Milton Friedman: Spending National Income

Posted by admin on Friday, June 24, 2016

Milton Friedman Money Quote saying government spending is not accountable because few care how much is spent once allocated. Milton Friedman said:

If I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income
— Milton Friedman

Milton Friedman: Cutting Taxes Any Excuse

Posted by admin on Thursday, June 23, 2016

Milton Friedman Money Quote saying no matter the reason, taxes should be reduced because the problem is never taxes, but expenditures. Milton Friedman said:

I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible … because I believe the big problem is not taxes, the big problem is spending
— Milton Friedman

Milton Friedman: Taxes Someone Else Pays

Posted by admin on Friday, April 1, 2016

Milton Friedman Money Quote saying congress can only increase taxes when a minority believes it will affect them personally. Milton Friedman said:

Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay
— Milton Friedman

Milton Friedman: Internet Taxes Difficult

Posted by admin on Thursday, March 31, 2016

Milton Friedman Money Quote saying collection of internet related income and expense will make taxes more complex for government. Milton Friedman said:

The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes
— Milton Friedman

Milton Friedman: Perfectly Worthless Paper

Posted by admin on Monday, November 30, 2015

Milton Friedman Money Quotation saying The Federal Reserve puts ink to paper in a valueless way, as only government could. Milton Friedman said:

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless
— Milton Friedman

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