Wednesday, March 6, 2024

Milton Friedman

  • If you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.
  • Underlying most arguments against the free market is a lack of belief in freedom itself.
  • Inflation is taxation without legislation.
  • The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate 1 another to deal with 1 another & help 1 another.
  • If you put the government in charge of the Sahara Desert pretty soon there'd be a shortage of sand.
  • The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
  • Prices are a signal that help coordinate the actions of millions of people without central direction.