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Milton Friedman on Energy and oil

Is rationing the solution? Far from it. It is the problem. We already have rationing of producers and distributors. Coupon rationing of final consumers would simply be the hair of the dog that bit you.
FEO and the Gas Lines
Column, 1974, Newsweek, March 4, 1974; reprinted in the Congressional Record, Extensions of Remarks, February 27, 1974, pp. 4559 to 4560, introduced by Representative John H. Rousselot of California, who gives it as the column of “Newsweek columnist, Dr. Milton Friedman, in the March 4, 1974, issue”; reprinted again in Extensions of Remarks, April 30, 1974, p. 12454, by Representative Steven D. Symms, from The Freeman (Foundation for Economic Education), Congressional Record, February 27, 1974, p. 4560
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  1. We have heard much these past few years of how the government protects the consumer. A far more urgent problem is to protect the consumer from the government.
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  2. I think the government solution to a problem is usually as bad as the problem and very often makes the problem worse.
    The government solution to a problem is usually as bad as the problem
    Book, 1975, p. 6
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  3. The government solution to a problem is usually as bad as the problem and very often makes the problem worse.
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    Interview, 1973, Playboy
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