I have been enormously impressed by the role that pure chance plays in determining our life history. I was reminded of some famous lines of Robert Frost:Two roads diverged in a yellow wood, And sorry I could not travel both I took the one less travled by, And that has made all the difference. As I recalled my own experience and development, I was impressed by the series of lucky accidents that determined the road I traveled.> From "Lives of the Laureates" pg.67 . Milton Friedman
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More Quotes By Milton Friedman
  1. A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
  2. I think that nothing is so important for freedom as recognizing in the law each individual’s natural right to property, and giving individuals a sense that they own something that they’re responsible for, that they have control over, and that they can dispose of.
  3. Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The scientist seeking to advance the frontiers of his discipline, the missionary seeking to convert infidels to the true faith, the philanthropist seeking to...
  4. The ICC [Interstate Commerce Commission] illustrates what might be called the natural history of government intervention. A real or fancied evil leads to demands to do something about it. A political coalition forms consisting of sincere, high-minded reformers and equally sincere interested parties. The incompatible...
  5. For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for...
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