Milton Friedman Quotes
Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of any other measure that would accomplish so much to promote law and order?
Friedman, Milton. "Prohibition and Drugs." Newsweek, 1 May 1972, p. 104.
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.
Ironically, it was the Chicago police who started the Chicago 1968 riots. The National Commission set up to investigate called it a “Police Riot.”
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.