The only reason there is a crisis about Social Security in the US and pensions in Europe and Japan is that you cannot maintain a "Ponzi" scheme indefinitely. We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was rising faster than old people. When that ratio comes to an end, such a system also has to end.
Milton FriedmanThe way you solve things is by making it politically profitable for the wrong people to do the right thing.
Milton FriedmanPersonal freedom has grown greatly within China, and that will provoke ever more points of conflict between the individual and state.
Milton FriedmanMost of the energy of political work is devoted to correcting the effects of mismanagement of government.
Milton FriedmanIf you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
Milton Friedman