Milton Friedman quotes which makes sense to me: 1 “The most important single central fact about a free market is that no exchange takes place unless both parties benefit.” 2 “Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.” 3 “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” 4 “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…” 5 “Concentrated power is not rendered harmless by the good intentions of those who create it.” 6 “One of the great mistakes is to judge policies and programs by their intentions rather than their results.” 7 “If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.”
Posted on: Fri, 01 Aug 2014 22:34:07 +0000
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