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Political freedom means the absence of coercion of a man by his fellow men. The fundamental threat to freedom is power to coerce, be it in the hands of a monarch, a dictator, an oligarchy, or a momentary majority. The preservation of freedom requires the elimination of such concentration of power to the fullest possible extent and the dispersal and distribution of whatever power cannot be eliminated — a system of checks and balances.

— Milton Friedman Capitalism and Freedom (1962)

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Freedom

More quotes by Milton Friedman

With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.

The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.

One reason why money is a mystery to so many is the role of myth or fiction or convention.

Money Mischief (1992)

The basic problem of social organization is how to co-ordinate the economic activities of large numbers of people.

Capitalism and Freedom (1962)

To the free man, the country is the collection of individuals who compose it, not something over and above them.

Capitalism and Freedom (1962)

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What constitutes the bulwark of our own liberty and independence?

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Science and religion are two human enterprises sharing many features.

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There is no governor anywhere; you are all absolutely free. There is no restraint that cannot be escaped.

Robert Anton Wilson

Attribution

Quote text and notes from Wikiquote: Milton Friedman (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.