Open Wiki Open WikiOpen InfoG Open InfoGNew Quote New Quote

Quote from Milton Friedman,


"The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business."


By:

Milton Friedman (more quotes by Milton Friedman or books by/about Milton Friedman)


(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"

Source:

"Free to Choose" (1980), segment 2 of 10, "The Tyranny of Control"

Categories:

Free Market, Monopoly, Power, Government, Production, Commerce

Rating:

Get a Quote-A-Day!
Liberty Quotes sent to your mail box.
Email:  More quotes...