In 1976, I was privileged to spend a bit of time with Professor Friedman at the meeting of the Mont Pelerin Society that was held, that year, in St. Andrews, Scotland — just a few weeks, as I recall, before he was awarded the Nobel Prize in economics.
“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
“If all we want are jobs, we can create any number — for example, have people dig holes and then fill them up again, or perform other useless tasks. . . . Our real objective is not just jobs but productive jobs — jobs that will mean more goods and services to consume.”
“The most important central fact about a free market is that no exchange takes place unless both parties benefit.”
“Nothing is so permanent as a temporary government program.”
Milton Friedman (1912-2006)
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