SHAWORDS

It does harm a great many other people, but primarily because its proh — Milton Friedman

"It does harm a great many other people, but primarily because its prohibited. There are an enormous number of innocent victims now. Youve got the people whose purses are stolen, who are bashed over the head by people trying to get enough money for their next fix. Youve got the people killed in the random drug war. Youve got the corruption of the legal establishment. Youve got the innocent victims who are taxpayers who have to pay for more and more prisons, and more and more prisoners, and more and more police. Youve got the rest of us who dont get decent law enforcement because all the law enforcement officials are busy trying to do the impossible. And, last, but not least, youve got the people of Colombia and Peru and so on. What business do we have destroying and leading to the killing of thousands of people in Colombia because we cannot enforce our own laws? If we could enforce our laws against drugs, there would be no market for these drugs."
M
Milton Friedman
Milton Friedman
author141 quotes

Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the

More by Milton Friedman

View all →
Quote
"Now, I don’t want to put Friedman on a pedestal. In fact, I’d argue that the experience of the past 15 years, first in Japan and now across the Western world, shows that Keynes was right and Friedman was wrong about the ability of unaided monetary policy to fight depressions. The truth is that we need a more activist government than Friedman was willing to countenance. The point, however, is that modern conservatism has moved so far to the right that it no longer has room for even small concessions to reality. Friedman tried to save free-market conservatism from itself — but the ideologues who now dominate the G.O.P. are beyond saving."
M
Milton Friedman

More on People

View all →
Quote
"If it fulfills our hopes, this center will be, at once, a symbol and a reflection and a hope. It will symbolize our belief that the world of creation and thought are at the core of all civilization. Only recently in the White House we helped commemorate the 400th anniversary of Shakespeare. The political conflicts and ambitions of his England are known to the scholar and to the specialist. But his plays will forever move men in every corner of the world. The leaders that he wrote about live far more vividly in his words than in the almost forgotten facts of their own rule. Our civilization, too, will largely survive in the works of our creation. There is a quality in art which speaks across the gulf dividing man from man and nation from nation, and century from century. That quality confirms the faith that our common hopes may be more enduring than our conflicting hostilities. Even now men of affairs are struggling to catch up with the insights of great art. The stakes may well be the survival of civilization. The personal preferences of men in government are not important--except to themselves. However, it is important to know that the opportunity we give to the arts is a measure of the quality of our civilization. It is important to be aware that artistic activity can enrich the life of our people, which really is the central object of Government. It is important that our material prosperity liberate and not confine the creative spirit."
L
Lyndon B. Johnson
Quote
"A free people will always refuse to put up with preventable poverty. If freedom is to be saved and enlarged, poverty must be ended. There is no other solution. The problem of how to prevent these three forces from coming into head-on collision is the principal study of the more politically conscious Conservative leaders. How can wealth persuade poverty to use its political freedom to keep wealth in power? Here lies the whole art of Conservative politics in the twentieth century."
A
Aneurin Bevan