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

We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.

In every area, i.e. what protects the workers, the employers, the consumers.. it's always the existence of variety and alternatives.

Let us not underestimate the ingenuity of the poor people in converting what they get from the relief worker to what they want. And that’s just wasteful. They would be far better off if we just gave them the money and let them spend it.

In a crisis we are all Keynesians.

The source of tolerance is the recognition that none of us have the absolute truth. There can be no tolerance without humility.

In part because there are so many laws to break; and the more laws there are to break, the harder it is to prevent them from being broken

Given greater freedom about where to send their children, parents of a kind would flock together and so prevent a healthy intermingling of children from decidedly different backgrounds.

Social responsibility is a fundamentally subversive doctrine" in a free society, and have said that in such a society, "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.