A Quote by Milton Friedman

The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise.

Milton Friedman

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Been Business Business Community Businesses Community Competitors Consumer Continuously Cost Demands Despite Driven Else Enemy Enterprise Existing Forces Free Free Enterprise Generally Great Keep Loss Lowest Major Market Meet Naturally Often Other Out Prefer Produce Products Profit Rhetoric System Test Truly Virtue Ways Why

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Milton Friedman
American - Economist
July 31, 1912 - November 16, 2006

Every nation on the Earth that embraces market economics and the free enterprise system is pulling millions of its people out of poverty. The free enterprise system creates prosperity, not denies it.

Marco Rubio

This is the free enterprise system. The only place in the world that I can recall where companies never failed was the old Soviet Union. This is what investors do in free enterprise and capitalism system. [...[ And, yes, free enterprise system can be cruel. But the problem with this administration is that small businesses are the one who had suffered the most, the kind that need investors, the kinds that don't need the hundreds of pages, thousands of pages of regulations that continue to plague them and have them hold back on the hiring investment.

John McCain

The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.

Murray Rothbard

When individual enterprise is free and unhampered, profit-and-loss calculations set precise limits to a businessman's temptations to expand his services... a government valuable they may be, have no market price and, therefore, cannot be subjected to profit-and-loss accounting.

Hans F. Sennholz

The answer is the disruptive innovator, an outsider, who creates a product or service for the non-existing consumer in a non-existing market for almost no profit.

Clayton Christensen

The music and movie business has been consistently wrong in its claims that new platforms and channels would be the end of its businesses. In each case, the new technology produced a new market far larger than the impact it had on the existing market.

Steve Blank

There's no limit to what free men and free women in a free market with free enterprise can accomplish when people are free to follow their dream.

Jack Kemp

Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses

Warren Buffett

Other things, like capitalism, free enterprise, the economy, currency, the market, are not forces of nature, we invented them. They are not immutable and we can change them.

David Suzuki

I think that the big challenge of the 2020s for the country, and for the Conservative party, is to win the fight for free enterprise and the free society. This is under threat like at no other time in my lifetime. And the way that you do that is by demonstrating the benefits of a free market society.

Matt Hancock

The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system.

Milton Friedman

President Obama's assault on the free-enterprise market and venture capitalists is anti-American and shows his greatest insecurity: his lack of private sector experience and his inability to understand the economy and help businesses thrive in these uncertain economic times.

Mercedes Schlapp

Our higher education system is controlled by what amounts to a cartel of existing colleges and universities, which use their power over the accreditation process to block innovative, low-cost competitors from entering the market.

Marco Rubio

We have talented people, great businesses, and an unparalleled entrepreneurial spirit in Montana. By raising capital, Montanans can leverage those assets to start new businesses, expand existing ones, and create more good-paying jobs in Missoula and every other community under the Big Sky.

Matt Rosendale

Of course I believe in free enterprise but in my system of free enterprise, the democratic principle is that there never was, never has been, never will be, room for the ruthless exploitation of the many for the benefit of the few.

Harry S. Truman

Maybe the reason some folks lag behind in our free enterprise system is because they depend too much on the free part and not enough on their own enterprise.

William Greider

A Quote by Milton Friedman

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