“Protect the Consumer from the Government” – Quote by Milton Friedman

„Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.“

Milton FriedmanA concise quote by Milton Friedman on consumer protection, government power, and the importance of individual freedom.
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Milton Friedman was an American economist and a leading figure in the field of monetarism.

In this quote, Milton Friedman questions the relationship between government protection and individual freedom.


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Milton Friedman quote about protecting consumers from government

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.

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"The FDA protects the big drug companies, and is subsequently rewarded, and using the government’s police powers, they attack those who threaten the big drug companies. The thing that bugs me is that people think that the FDA is protecting them, it isn’t. What the FDA is doing, and what the public thinks it is doing are as different as night and day." Professor Herbert Leonard Ley Jr.
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"It is curious that people tend to regard government as a quasi-divine, selfless, Santa Claus organization. Government was constructed neither for ability nor for the exercise of loving care; government was built for the use of force and for necessarily demagogic appeals for votes. If individuals do not know their own interests in many cases, they are free to turn to private experts for guidance. It is absurd to say that they will be served better by a coercive, demagogic apparatus." Murray Rothbard
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