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Tag Archives: Milton Friedman
Thought For the Day: Government Should Be A Referee, Not An Active Player
“Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government– in pursuit of good intentions tries to … Continue reading
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Tagged Active Player, Cost, Crime, Enforce Contracts, Government, Inefficiency, Lack of Motivation, Legislate Morality, Loss of Freedom, Military Defense, Milton Friedman, Primary Funcions, Property, Pursuit of Good Intentions, Rearrange the Economy, Referee, Self, Special Interests, Thought For the Day
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Thought For the Day: The Preservation of Freedom Is the Protective Reason For Limiting and Decentralizing Governmental Power
“The preservation of freedom is the protective reason for limiting and decentralizing governmental power. But there is also a constructive reason. The great advances of civilization, whether in architecture or painting, in science or in literature, in industry or agriculture, … Continue reading
Thought For the Day: Central Bankers Always Try To Avoid Their Last Big Mistake. So Every Time There’s the Threat of A Contraction In the Economy, They’ll Over Stimulate the Economy
“Central bankers always try to avoid their last big mistake. So every time there’s the threat of a contraction in the economy, they’ll over stimulate the economy, by printing too much money. The result will be a rising roller coaster … Continue reading
Thought For the Day: Concentrated Power Is Not Rendered Harmless By the Good Intentions of Those Who Create It
“Concentrated power is not rendered harmless by the good intentions of those who create it.“ – Milton Friedman
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Tagged Concentrated Power, Create, Good Intentions, Harmless, Milton Friedman, Render, Thought For the Day
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Thought For the Day: Concentrated Power Is Not Rendered Harmless By the Good Intentions of Those Who Create It
“Concentrated power is not rendered harmless by the good intentions of those who create it.” – Milton Friedman (1912-2006)
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Tagged Concentrated Power, Create, Good Intentions, Harmless, Milton Friedman, Not Rendered, Those, Thought For the Day
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Thought For the Day: The Strongest Argument For Free Enterprise Is That It Prevents Anybody From Having Too Much Power
“The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive, it forces them to put up or shut up. … Continue reading
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Tagged Anybody, Business Executive, Deliver the Goods, Different Business, Force, Free Enterprise, Government Official, Milton Friedman, Prevents, Produce Something, Put Up or Shut Up, Strongest Argument, Thought For the Day, Too Much Power, Union Official, Willing To Buy, Willing To Pay For
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Thought For the Day: The Use of Force To Achieve Equality Will Destroy Freedom, and the Force, Introduced For Good Purposes, Will End Up In the Hands of People Who Use It To Promote Their Own Interest
“The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interest.” – Milton Friedman (1912-2006)
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Tagged Destroy, End Up, Equality, Freedom, Good Purposes, In the Hands, Milton Friedman, People, Promote, Their Own Interest, Thought For the Day, Use of Force
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Thought For the Day: The Preservation of Freedom Is the Protective Reason For Limiting and Decentralizing Governmental Power
“The preservation of freedom is the protective reason for limiting and decentralizing governmental power. But there is also a constructive reason. The great advances of civilization, whether in architecture or painting, in science or in literature, in industry or agriculture, … Continue reading
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Tagged Capitalism, Decentralize, Freedom, Government, Limit, Milton Friedman, Power, Preservation, Protective Reason, Thought For the Day
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Thought For the Day: Nothing Is So Permanent As A Temporary Government Program
“Nothing is so permanent as a temporary government program.” – Milton Friedman
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Tagged Government, Milton Friedman, Nothing, Permanent, Program, Temporary, Thought For the Day
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Thought For the Day: Government Should Be A Referee, Not An Active Player
“When government — in pursuit of good intentions — tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active … Continue reading
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