“The most unresolved problem of the day is precisely the problem that concerned the founders of this nation: how to limit the scope and power of government. Tyranny, restrictions on human freedom, come primarily from governmental institutions that we ourselves set up.”
Post Tagged with: "Milton Friedman"
July 31, 2012 11:31
Friedman’s Legacy of Fighting for School Choice for All
“There is no respect in which inhabitants of a low-income neighborhood are so disadvantaged as in the kind of schooling they can get for their children.” – Milton Friedman
October 7, 2011 06:57
Paternalism and Principle
Secretary of Energy Steven Chu’s defense of the administration’s efforts to ban incandescent light bulbs. “We are taking away a choice that continues to let people waste their own money,” Chu said, quite satisfied with government’s efforts to protect Americans from their own choices.
April 5, 2011 08:37
Bad means corrupt good intentions
“Sending a policeman around to pick somebody else’s pocket is at the heart of the welfare state.”- Milton Friedman on the dynamics of the welfare state. “the badness of means will triumph over the goodness of the objective.”
March 30, 2011 06:42
Liberty or equality? Freedom or socialism?
“You can only aim for equality by giving some people the right to take things from others. And what ultimately happens when you aim for equality is that A and B decide what C should do for D. Except that they take a little bit of commission off on the way.” – Milton Friedman
March 22, 2011 09:10
Milton Friedman’s Money Machine
The government is running a $1.6 trillion deficit. Nothing can be done politically to stop this. We are on a runaway train. The main brakes were removed in 1971. The only brake now is that of the bond vigilantes, but the Federal Reserve is the buyer of bonds today, along with Asian central banks. Stockman observed that “the Fed’s QE2 bond purchases have been so massive that it is literally buying Treasury paper in the secondary market almost as fast as new bonds are being issued.”
December 24, 2010 06:50
Blaming capitalism, the perpetual boogeyman of the left
Capitalism is an economic system. Greed exists in all economic systems because it is a human trait. The problem is people confuse greed with wealth. Greed is defined as the “excessive or rapacious desire, esp. for wealth or possessions.” Self interest is not greed. The normal desire to have food, shelter and protection is not an excessive desire. Capitalism rewards the productivity that results from self interest.
April 19, 2010 09:57
No system where the masses are better off than capitalism
Where do you find these angels who are going to organize society for us?
