A society that puts equality … ahead of freedom will end up with neither equality nor freedom.
Tag: Milton Friedman
(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, “ultimate guru of the free-market system”
Temporary government programs
Nothing is so permanent as a temporary government program.
Drug laws
[Drug use] does harm a great many other people, but primarily because it’s prohibited. There are an enormous number of innocent victims now. You’ve got the people whose purses are stolen, who are bashed over the head by people trying to get enough money for their next fix. You’ve got the people killed in the random drug wars. You’ve got the corruption of the legal establishment. You’ve got the innocent victims who are taxpayers who have to pay for more and more prisons, and more and more prisoners, and more and more police. You’ve got the rest of us who don’t get decent law enforcement because all the law enforcement officials are busy trying to do the impossible.
Continue reading “Drug laws”
Deepening the Great Depression
The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 … Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.
Government effectiveness
If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.
Drug laws and the loss of freedom
Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence.
Greed vs. virtue
Phil Donohue: When you see around the globe the maldistribution of wealth, the desperate plight of millions of people in underdeveloped countries, when you see so few haves and so many have-nots, when you see the greed and the concentration of power, did you ever have a moment of doubt about capitalism? And whether greed is a good idea to run on?
Continue reading “Greed vs. virtue”Hell hath no fury
Hell hath no fury like a bureaucrat scorned.
Destructive power of inflation
Inflation is a disease, a dangerous and sometimes fatal disease that, if not checked in time, can destroy a society.
Our currency determines our fate
The fate of a country is inseparable from the fate of its currency.