. . . there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities… - Milton Friedman
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. . . there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
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About
Milton Friedman
Milton Friedman (31 July 1912 – 16 November 2006) was an American economist noted for his support for free markets and a reduction in the size of government. In 1976 he was awarded a Nobel Prize in Economics.
Biography information from
Wikiquote·
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Wikimedia Commons, Bachrach Studios (Public domain / CC0)
It is a mark of the political freedom of a capitalist society that men can openly advocate and work for socialism.
The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the 'rule of the game' and as an umpire to interpret and enforce the rules decided on.
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