Milton Friedman on Free markets and the price system
At any rate, simple slogans like “The market will take care of it” or “noninterventionism” do not resolve the hard problems. We may very well agree on the direction we want to go in, but just how we’re going to go there and how far we’re going to go, that’s a much more difficult problem.
Say 'No' to Intolerance
Speech, 1991, Liberty, vol. 4, no. 6 (July 1991), p. 20
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The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.
Why Government Is the ProblemJournal article, 1993, Hoover Institution Press, Essays in Public Policy no. 39, p. 18Checked against the sourceRead the originalWell, I have always argued that you will not solve problems by electing the right man to the White House. Certainly not by electing the wrong man. … The only way you will ever solve problems, in my opinion, and move in the direction we want to move is by making it in the political interest of the wrong people to do the right thing.
The Open MindInterview, 1977, The Open Mind, hosted by Richard Heffner, Episode “A Nobel Laureate on the American Economy” (May 3, 1977)Checked against the sourceWatch itI want people to take thought about their condition and to recognize that the maintenance of a free society is a very difficult and complicated thing and it requires a self-denying ordinance of the most extreme kind.
The Open MindInterview, 1975, The Open Mind, hosted by Richard Heffner, Episode “Living Within Our Means” (1975)Checked against the sourceWatch it
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