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Bright Promises, Dismal Performance: An Economist's Protest

Book by Milton Friedman · 3 quotes · Libertarian, Liberty, Libertarianism

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Bright Promises, Dismal Performance: An Economist's Protest Quotes

“Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.”