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David D. Friedman

David D. Friedman Quotes

Economist

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Famous David D. Friedman Quotes

“If almost everyone is in favor of feeding the hungry, the politician may find it in his interest to do so. But, under those circumstances, the politician is unnecessary: some kind soul will give the hungry man a meal anyway. If the great majority is against the hungry man, some kind soul among the minority still may feed him—the politician will not.”

CharityLibertarianismWelfare State
Book:The machinery of freedom: guide to a radical capitalism
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“Special interest politics is a simple game. A hundred people sit in a circle, each with his pocket full of pennies. A politician walks around the outside of the circle, taking a penny from each person. No one minds; who cares about a penny? When he has gotten all the way around the circle, the politician throws fifty cents down in front of one person, who is overjoyed at the unexpected windfall. The process is repeated, ending with a different person. After a hundred rounds everyone is a hundred cents poorer, fifty cents richer, and happy.”

PoliticsPublic ChoiceRent Seeking
Book:The machinery of freedom: guide to a radical capitalism
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