Milton Friedman Quotes


If there is a good case to be made for the illegalization of drugs, there is a better case to be made for the illegalization for tobacco and alcohol.


Context

Friedman was an advocate for the legalization of illicit drugs, claiming that the harm that is done by making drugs illegal is greater than that which would occur if drugs were legalized. He also observed that alcohol kills times the number of Americans than does illegal drugs and tobacco kills four times as many as alcohol.


Citations

Milton Friedman, 1912-2006, 1912-2006, Nobel Laureate in Economics, Interview, PBS The Charlie Rose Show, December 26, 2005

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

The. law was enforced and upheld by the Tennessee Supreme Court (Austin v State) which recognized the health danger of tobacco. Tennessee was an agricultural state where tobacco was grown and the law was repealed as the result of political pressure. But this is the first and only absolute state prohibition on tobacco that has been enacted in the United States.


This quotation not only illustrates Ford’s wide ranging concern about public affairs but illustrates that the addictive properties of cigarettes were known long before the cancer and other disease causing properties of tobacco were understood. Yet the addictive properties were the last deleterious effects of smoking that the tobacco companies would admit to. At the end of the 20th century, the CEO’s of the major tobacco company all lied to Congress in hearings, claiming that cigarettes were not addictive. Ford and millions of people knew better generations ago.


That was certainly true at that time in the United States. Marijuana was illegal, but alcohol and nicotine—cigarettes—were legal. Yet, over 350,000 deaths a year were caused by nicotine, over 100,000 alcohol related death the epidemiologists had found. But the number of marijuana caused death was just a handful, although there were hunreds of deaths of drug dealers fighting for territory, Nicotine an alcohol science had proved was addicting. Not so for marijuana which for some people was habituating, but marijuana never met the scientific criteria for addiction.


Cixi had issued a 10 point edict designed to end opium use in China. One of its most interesting elements was that it only applied to Chinese under the age of 60. She recognized that for those elderly people who are thoroughly addicted to opium, prohibition would be to radical a change and their life expectancy was not very long. At the time, the average lifespan of Chinese was under 50.


Milton Friedman
Milton Friedman
  • Born: July 31, 1912
  • Died: November 16, 2006
  • Nationality: American
  • Profession: Economist

Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students and young professors who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr.