Corruption is government intrusion into market efficiencies in the form of regulations.
Milton Friedman"Free markets" is a very general term. There are all sorts of problems that will emerge. Free markets work best when the transaction between two individuals affects only those individuals. Most often, a transaction between you and me affects a third party. That is the source of all problems for government. That is the source of all pollution problems, of the inequality problem. This reality ensures that the end of history will never come.
Milton FriedmanCongress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay
Milton FriedmanWith some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
Milton FriedmanWe economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.
Milton Friedman