Corruption and Regulation – Quote by Milton Friedman

„Corruption is government intrusion into market efficiencies in the form of regulations.“

Milton FriedmanMilton Friedman on corruption, government regulations, and their impact on market efficiency.
PreviousNext

Milton Friedman was an American economist and a leading figure in the field of monetarism.

The quote critically frames corruption in the tension between government regulation and market efficiency.


Translation or original: 🇩🇪Click here

Quelle: Hier klicken

i

3.0 / 5

Milton Friedman quote image about corruption and regulation

Milton Friedman (1912–2006) was an American economist and Nobel laureate, renowned for his contributions to microeconomics, monetarism, and his advocacy of free-market policies. He influenced economic policy in the US and worldwide.

Milton Friedman quote image about the three primary functions of government, freedom, and the role of the stateCopyright © yoice.net – Quote Artwork
/
0 Comments
"Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player." Milton Friedman
Read more
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

“The Stock Market and Economy” – Quote by Milton FriedmanQuote image featuring Milton Friedman on the difference between the stock market and the economyCopyright © yoice.net – Quote ArtworkQuote image featuring John Taylor Gatto on education and personal responsibilityCopyright © yoice.net – Quote ArtworkJohn Taylor Gatto on Education and Responsibility