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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

“Why have we had such a decline in moral climate? I submit to you that a major factor has been a change in the philosophy which has been dominant, a change from belief in individual responsibility to belief in social responsibility. If you adopt the view that a man is not responsible for his own behavior, that somehow society is responsible, why should he seek to make his behavior good?”

“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.”