EppsNet Archive: Milton Friedman

A Shortage of Sand

If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand. — Milton Friedman Read more →

There Are Four Ways You Can Spend Money

There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone.… Read more →

Are There Any Intelligent People Currently Living?

I was at LA Fitness this morning . . . one of the TVs was showing an interview with Jameis Winston on ESPN. Winston is borderline retarded but thinks he’s articulate — a deadly combination. He’s a very talented athlete. Just show clips of his athletic accomplishments. They’re impressive and fun to watch. Why would anyone want to talk to… Read more →

Well, there are fewer limits on what you can promise than on what you can deliver. — Milton Friedman

Thomas Jefferson on “You Didn’t Build That”

Almost everything appertaining to the circumstances of a nation, has been absorbed and confounded under the general and mysterious word government. Though it avoids taking to its account the errors it commits, and the mischiefs it occasions, it fails not to arrogate to itself whatever has the appearance of prosperity. It robs industry of its honours, by pedantically making itself… Read more →

Milton Friedman Would Be 100 Years Old Today

What the market does is to reduce greatly the range of issues that must be decided through political means, and thereby to minimize the extent to which government need participate directly in the game. The characteristic feature of action through political channels is that it tends to require or enforce substantial conformity. The great advantage of the market, on the… Read more →

The Art of the Possible

The role of the economist in discussions of public policy seems to me to be to prescribe what should be done in light of what can be done, politics aside, and not to predict what is “politically feasible” and then to recommend it. — Milton Friedman Take out the references to economics and public policy and you can probably apply… Read more →