Another great Friedman quote
A last interview of Milton Friedman. One more sharp insight into the world:
The great virtue of a free market is that it enables people who hate each other, or who are from vastly different religious or ethnic backgrounds, to cooperate economically. Government intervention can’t do that. Politics exacerbates and magnifies differences.
(Link via PrestoPundit.)
Dr. Friedman was a truly wonderful and brilliant man. Perhaps the biggest defender of liberty in the 20th century. He is missed. ;-(
Posted by: Chris Meisenzahl | October 12, 2007 at 08:18 AM
This is great too, from August 2006 I think.
http://www.econtalk.org/archives/_featuring/milton_friedman/index.html
Posted by: Chris Meisenzahl | October 12, 2007 at 08:20 AM
And people say that the market is amoral!
Posted by: Jefferson Otwell | October 12, 2007 at 02:52 PM
Economic cooperation across mutually hostile groups actually *can* be forced by government--Stalin and his successor leaders were able to achieve some level of economic development, including high production levels during WWII. But it is a form of cooperation with far less than optimum efficiency, and generates a pressure-cooker atmosphere which will sooner or later explode.
Posted by: david foster | October 13, 2007 at 11:17 AM