Milton Friedman Quote

A government which maintained law and order, defined property rights, served as a means whereby we could modify property rights and other rules of the economic game, adjudicated disputes about the interpretation of the rules, enforced contracts, promoted competition, provided a monetary framework, engaged in activities to counter technical monopolies and to overcome neighborhood effects widely regarded as sufficiently important to justify government intervention, and which supplemented private charity and the private family in protecting the irresponsible, whether madman or child—such a government would clearly have important functions to perform. The consistent liberal is not an anarchist.


Ch. 2 The Role of Government in a Free Society - Capitalism and Freedom (1962)

Picture Quote 1

A government which maintained law and order, defined property rights, served as a means whereby we could modify property rights and other rules of...

Picture Quote 2

A government which maintained law and order, defined property rights, served as a means whereby we could modify property rights and other rules of...

Picture Quote 3

A government which maintained law and order, defined property rights, served as a means whereby we could modify property rights and other rules of...

Picture Quote 4

A government which maintained law and order, defined property rights, served as a means whereby we could modify property rights and other rules of...