Government and Economy: Quote by Milton Friedman

„There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.“

Milton FriedmanMilton Friedman on the limits of government action and its potential harm to the economy in this concise quote on economic policy.
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Milton Friedman was an American economist and a leading figure in the field of monetarism.

Milton Friedman addresses the limits of government action and the potential consequences of economic policy interventions.


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Milton Friedman quote about government and the economy

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
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"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
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Harry Edson Browne quote image about individual money use and government spendingCopyright © yoice.net – Quote Artwork
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"Everything we know about human nature and about government tells us that individuals using their own money will achieve far more good for themselves and far more for others than politicians spending money they didn't have to work to earn." Harry Edson Browne
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