Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other
Milton FriedmanYou know there are very few Marxists left in the world... they're all in American universities.
Milton FriedmanGovernment has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.
Milton FriedmanIn the US, the problem is primary and secondary education. We've had such an increase in inequality because a quarter of American kids don't finish high school!
Milton Friedman