Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.


Bright promises, dismal performance: an economist's protest (ed. 1983)

Milton Friedman Quotes

Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of...

Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of...

Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of...

Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of...