By relying primarily on voluntary co-operation and private … - Milton Friedman

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By relying primarily on voluntary co-operation and private enterprise, in both economic and other activities, we can insure that the private sector is a check on the powers of the governmental sector and an effective protection of freedom of speech, of religion, and of thought.

Milton Friedman

Capitalism and Freedom · November 15, 2002 Verified in 2 sources · 1 more available Sign up to see the complete provenance

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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.

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Also Known As

Alternative Names: Milton Galbraith Friedman

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Originators like Milton Friedman:

F.A. Hayek Ludwig von Mises Murray N. Rothbard Leonard Read Friedrich Hayek

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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

The old saw is that the Quakers went to the New World to do good and ended up doing well. Today, well-meaning reformers go to Washington to do good and end up doing harm.

The contraction from 1929 to 1933 was by far the most severe business-cycle contraction during the near-century of U.S. history we cover and it may well have been the most severe in the whole of U.S. history.

By relying primarily on voluntary co-operation and private enterprise, in both economic and other activities, we can insure that the private sector i… - Milton Friedman

About Milton Friedman

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