The death of Milton Friedman yesterday at the age of 94 has prompted a great deal of reminiscing. While the Nobel laureate economist was not precisely a conservative with either a small or a big c, he was the progenitor of many economic and political ideas that made modern conservatism exciting and successful for a long time.
So, here are a few quotes that Tory Historian would like to share with the readers (who might want to come up with quotes and stories of their own):
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.And for anyone who has not yet done so, read "Free to choose" by Rose and Milton Friedman. Easy to read, easy to understand, easy to convert to.
Hell hath no fury like a bureaucrat scorned.
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
There's no such thing as a free lunch.