The organization of economic activity through voluntary exchange presumes that we have provided, through government, for the maintenance of law and o… - Milton Friedman

" "

The organization of economic activity through voluntary exchange presumes that we have provided, through government, for the maintenance of law and order to prevent coercion of one individual by another, the enforcement of contracts voluntarily entered into, the definition of the meaning of property rights, the interpretation and enforcement of such rights, and the provision of a monetary framework.

English
Collect this quote

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

Also Known As

Alternative Names: Milton Galbraith Friedman
All quotes from Milton Friedman Similar Quotes by other Originators
Works in ChatGPT, Claude, or Any AI

Add semantic quote search to your AI assistant via MCP. One command setup.

Set Up MCP

Additional quotes by Milton Friedman

When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union — like public housing in the United States — look decrepit within a year or two of their construction.
Sources available for members. Sign up free to see where this quote comes from
Find Similar
Here, too, we tend to be schizophrenic. We would all like to see government spending go down, provided it is not spending that benefits us. We would all like to see deficits reduced, provided it is through taxes imposed on others.
This quote has a book source. Sign up to see titles and page references
Find Similar
Unlimited Quote Collections

Organize your favorite quotes without limits. Create themed collections for every occasion with Premium.

Get Premium Today