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Quote by Milton Friedman

“Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.”

Quote by Milton Friedman

Book:Free to Choose: A Personal Statement

Work

Free to Choose: A Personal Statement

This book is a compilation of essays and lectures that discuss the principles of free markets and individual liberty. The author explores the impact of government intervention on economic systems and society, advocating for a minimalist state role in the economy. more

Author

Milton Friedman

Milton Friedman was a renowned economist known for his contributions to the field of free-market economics. His research in monetary economics, consumer behavior, and tax policy has had a profound impact. more

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“Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force triumphs over good intentions.”

Trying Values Force Liberty Moral Economic Intention Libertarian Triumph Cooperation Libertarianism Good Intentions Moral Values

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

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

“The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.”

Force Liberty Economic Essentials Notion Libertarian Cooperation Capitalist Libertarianism Socialist

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

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

“The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.”

“Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.”

Source: Milton Friedman on Freedom: Selections from The Collected Works of Milton Friedman

“Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The scientist seeking to advance the frontiers of his discipline, the missionary seeking to convert infidels to the true faith, the philanthropist seeking to bring comfort to the needy - all are pursuing their interests, as they see them, as they judge them by their own values.”

Source: Free to Choose: A Personal Statement

“Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”

Source: The Economic Consequences of the Peace: The Economist

“[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.”

Book States Whole Given Liberty Economic Conditions Theory Competition Productions Following Distribution Adapted Output Laissez Faire Totalitarian State Laissez Faire Capitalism

Author:John Maynard Keynes

“Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.”

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Author:John Maynard Keynes

“And here we encounter the seeds of government disaster and collapse - the kind that wrecked ancient Rome and every other civilization that allowed a sociopolitical monster called the welfare state to exist.”

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Book:The coming breakpoint

Source: The coming breakpoint

“The Trilateralist Commission is international...(and)...is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateralist Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power - political, monetary, intellectual, and ecclesiastical.”