Bryan Caplan Quote
True market fundamentalists in the economics profession are few and far between. Not only are they absent from the center of the profession; they are rare at the right-wing extreme. Milton Friedman, a legendary libertarian, makes numerous exceptions, on everything from money to welfare to antitrust: Our principles offer no hard and fast line how far it is appropriate to use government to accomplish jointly what is difficult or impossible for us to accomplish separately through strictly voluntary exchange. In any particular case of proposed intervention, we must make up a balance sheet, listing separately the advantages and disadvantages.
True market fundamentalists in the economics profession are few and far between. Not only are they absent from the center of the profession; they are rare at the right-wing extreme. Milton Friedman, a legendary libertarian, makes numerous exceptions, on everything from money to welfare to antitrust: Our principles offer no hard and fast line how far it is appropriate to use government to accomplish jointly what is difficult or impossible for us to accomplish separately through strictly voluntary exchange. In any particular case of proposed intervention, we must make up a balance sheet, listing separately the advantages and disadvantages.
Related Quotes
Let my silence grow with noise as pregnant mothers grow with life. Let my silence permeate these walls as sunlight permeates a home. Let the silence rise from unwatered graves and craters left by bomb...
About Bryan Caplan
