Elon Musk: “It’s like what Milton Friedman said—money is most poorly spent when you’re spending someone else’s money on people you don’t know. That’s the federal government.”
Milton Friedman on government’s four major functions:
1) Ensure national defense
2) Protect citizens from “abuse and coercion by other citizens”
3) Define and uphold private property rights
4) Maintain a judicial system to adjudicate disputes and enforce rules
Milton Friedman: “The government doesn’t have any money. Only people have money. The government only gets money by putting its hand in your pocket and taking it out.”
Javier Milei @JMilei quotes Milton Friedman
“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
“Asking economists for investment advice is like asking a physicist to fix a broken toilet. Not their field, though sort of related.”
— Milton Friedman