Milton Friedman on Government spending and deficits

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• Government spending and deficits22 passages

He also said

1. “Child care? Program trading? Earthquakes? Pass a law. And every law comes with a price tag and is cited as a reason for higher taxes.”

2. “The reality is that if you look at every program that the government has adopted in the direction of extending its scope, it took an enormous propaganda campaign by special propaganda groups to get those measures passed. There was no underlining public demand for those measures. On the contrary, the demand had to be created, it had to be developed, it had to be produced. And it was created, it was developed, it was produced, by people… who sincerely wanted to see an expansion in the scope of government.”

3. “After the fall of communism, everybody in the world agreed that socialism was a failure. Everybody in the world, more or less, agreed that capitalism was a success. And every capitalist country in the world apparently deduced from that what the West needed was more socialism.”