Milton Friedman Quotes

5 quotes from Milton Friedman on investing and entrepreneurship.

On investing

There is one and only one social responsibility of business-to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm capitalism is that kind of a system.
There is only one social responsibility of business - to use its resources and engage in activities designed to increase its profits without deception or fraud.
The great achievements of western capitalism have rebounded primarily to the benefit of the ordinary person. These achievements have made available to the masses conveniences and amenities that were previously the exclusive prerogative of the rich and powerful.

There is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system..