The great danger to the consumer is the monopoly.
Meaning
Lack of competition harms consumers and markets.
Share image
Preview of the image used when this quote is shared on social networks.
About the author
(1912–2006) was an American economist and Nobel Prize winner known for his advocacy of free-market capitalism. His work on monetary policy and consumption theory had a profound impact on economic thought and public policy. Friedman argued for limited government intervention and emphasized the role of individual freedom in economic systems. His ideas influenced global economic reforms and debates. Milton Friedman’s legacy continues to shape modern economics and policy discussions.
Related quotes
-
“No power is as expensive as no power.”
— Homi J. Bhabha
-
“Markets are not always right.”
— Raghuram Rajan
-
“Markets that don't exist don't care how smart you are.”
— Marc Andreessen
-
“Economic history is the most important kind of history.”
— Niall Ferguson
-
“Debt is as old as civilization itself.”
— Niall Ferguson
-
“If you don’t understand risk, you don’t understand markets.”
— Nithin Kamath