A major source of objection to a free economy is precisely that it gives people what they want instead of what a particular group thinks they ought t… - Milton Friedman

" "

A major source of objection to a free economy is precisely that it gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

English
Collect this quote

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
Go Premium

Support Quotewise while enjoying an ad-free experience and premium features.

View Plans

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Shorter versions of this quote

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

At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.

Additional quotes by Milton Friedman

The misuse of language contributes also to the belief that labor unions are a product of modern industrial development. They are nothing of the kind. On the contrary, they are a throwback to a preindustrial period, to the guilds that were the characteristic form of organization of both merchants and craftsmen in the cities and city-states that grew out of the feudal period. Indeed, the modern labor union can be traced back even further, nearly 2,500 years to an agreement reached among medical men in Greece.

Try QuoteGPT

Chat naturally about what you need. Each answer links back to real quotes with citations.

In the past century a myth has grown up that free market capitalism—equality of opportunity as we have interpreted that term—increases such inequalities, that it is a system under which the rich exploit the poor. Nothing could be further from the truth. Wherever the free market has been permitted to operate, wherever anything approaching equality of opportunity has existed, the ordinary man has been able to attain levels of living never dreamed of before. Nowhere is the gap between rich and poor wider, nowhere are the rich richer and the poor poorer, than in those societies that do not permit the free market to operate.

Loading...