"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."

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"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."

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Explore more quotes by Milton Friedman

"Hell hath no fury like a bureaucrat scorned."

Hell

"The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people."

Government

"Columbus did not seek a new route to the Indies in response to a majority directive."

Leadership

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

Trust

"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."

Government

"The only relevant test of the validity of a hypothesis is comparison of prediction with experience."

Experience

"The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way."

Government

"Inflation is taxation without legislation."

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"The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government."

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"I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."

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