Milton Friedman Learnings 2

I believe we need to trust the will of individuals seeking their own legitimate self-interests instead of looking for a governmental deity to save us from each other, from ourselves, and from the bogeyman de jour – whether the bogeyman is North Korea, Russia, ISIS, immigration, drugs, teen sex, Zika, inflation/deflation, or our own lack of perceived morality. 

I think the following three quotes from Milton Friedman tie together concepts that can create the next great society.

01) ‘Indeed, a major source of objection to a free economy is precisely that it… gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.’ – Milton Friedman

(02) ‘Concentrated power is not rendered harmless by the good intentions of those who create it.’ – Milton Friedman

(03) ‘The most important single central fact about a free market is that no exchange takes place unless both parties benefit.’ – Milton Friedman


Mike

Leave a comment