The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
If the government is to try and ban private consumption of alcohol and tobacco, it must surely ban such activities as hang-gliding, skiing, rock-climbing and so on. Where should it stop? Rugby? American Football? Ice Hockey? _x000D_ Insofar as the government has information not generally available about the merits or demerits of the items we ingest or the activities we engage in, let it give us the information. But let it leave us free to choose what chances we want to take with our own lives.
Interpretation
What this quote means
The quote advocates for personal freedom in making choices regarding risky activities and consumption.
Milton Friedman argues that if the government seeks to regulate or ban certain personal choices like alcohol and tobacco consumption, it should logically extend that regulation to other risky activities. He emphasizes the importance of individual freedom, suggesting that people should be informed but ultimately free to choose which risks to take in their lives, rather than having those choices dictated by the government.
Themes
In practice
Example use cases
During a debate on personal freedoms, one might quote Friedman to support the idea that individuals should have the right to make their own choices regarding risky activities.
More from Milton Friedman
All quotes →Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.
The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.
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Most of the Catholics Christians I've met would for all practical purposes believe Jesus is God only, and we are human only. We missed the big point. The point is the integration, both in Jesus and ourselves.
Looting is a natural response to the unnatural and inhuman society of commodity abundance. It instantly undermines the commodity as such, and it also exposes what the commodity ultimately implies: the army, the police and the other specialized detachments of the state's monopoly of armed violence.
It may have been a comedy, or it may have been a tragedy. It cost one man his reason, it cost me a blood-letting, and it cost yet another man the penalties of the law. Yet there was certainly an element of comedy. Well, you shall judge for yourselves.
We should all realize that no matter where or how a man dies, if he is in the state of mortal sin and does not repent, when he could have done so and did not, the Devil tears his soul from his body with such anguish and distress that only a person who has experienced it can appreciate it.
Repentance is simply giving up to stop fighting against God and to stop attempting to gain your own salvation through your own works; to literally give up and fall upon Christ. That is salvation.
The world is given to me only once, not one existing and one perceived. Subject and object are only one.