Only people have incomes and they derive them through the market from the resources they own, whether these be in the form of corporate stock, or of … - Milton Friedman

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Only people have incomes and they derive them through the market from the resources they own, whether these be in the form of corporate stock, or of bonds, or of land, or of their personal capacity.

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About Milton Friedman

Milton Friedman (31 July 1912 – 16 November 2006) was an American economist noted for his support for free markets and a reduction in the size of government. In 1976 he was awarded a Nobel Prize in Economics.

Biography information from Wikiquote

Also Known As

Alternative Names: Milton Galbraith Friedman
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Additional quotes by Milton Friedman

People in Congress are in a business; they’re trying to buy votes; they’re in the business of competing with one another to get elected. The same Congressman will vote for a different thing if he thinks that’s politically profitable. You don’t have to change Congress. People have a great misconception in this way. They think the way you solve things is by electing the right people. It’s nice to elect the right people but that isn’t the way you solve things. The way you solve things is by making it politically profitable for the wrong people to do the right things!

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In the modern world, tariffs and similar restrictions on trade have been one source of friction among nations. But a far more troublesome source has been the far-reaching intervention of the state into the economy in such collectivist states as Hitler's Germany, Mussolini's Italy, and Franco's Spain, and especially the communist countries, from Russia and its satellites to China.

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