There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
Interpretation
The quote emphasizes personal responsibility and the freedom of choice in consumer behavior.
Milton Friedman asserts that individuals should have the autonomy to make their own choices, even if those choices may lead to self-harm. He argues against government intervention in personal decisions regarding consumption, highlighting the importance of personal responsibility and freedom in a market economy.
In practice
In a discussion on regulations about vapes, one might say, 'As Milton Friedman pointed out, there is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.'
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.
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 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.
When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly what's been happening with drugs?
The secret of praying is praying in secret. A sinning man will stop praying, and a praying man will stop sinning.
People want nothing but mirrors around them. To reflect them while they’re reflecting too ... Reflections of reflections and echoes of echoes. No beginning and no end. No center and no purpose.
The steep ride up the and down the energy curve is the most abnormal thing that has ever happened in human history. Most of human history is a no-growth situation. Our culture is built on growth and that phase of human history is almost over and we are not prepared for it. Our biggest problem is not the end of our resources. That will be gradual. Our biggest problem is a cultural problem. We don't know how to cope with it.
Well, think of what I’m doing to you right now. For me I’m the self, and you’re the object. For you, of course, it’s the exact opposite—you’re the self to you and I’m the object. And by exchanging self and object, we can project ourselves onto the other and gain self-consciousness. Volitionally.” “I still don’t get it, but it sure feels good.” “That’s the whole idea,” the girl said.
The mind of a human being is formed only of comparisons made in order to examine analogies, and therefore cannot precede the existence of memory.
He who sups with the devil had better have a long spoon. The devilry of modernity has its own magic: The [believer] who sups with it will find his spoon getting shorter and shorter--until that last supper in which he is left alone at the table, with no spoon at all and with an empty plate. The devil, one may guess, will by then have gone away to more interesting company.
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