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Quote #69,522

"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a..." — Milton Friedman

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
Milton Friedman
Milton Friedman Economist • American
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Concentrated power is not rendered harmless by the good intentions of those who create it.
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The power to do good is also the power to do harm.
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Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
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I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that's missing, but that will soon be developed, is a reliable e-cash - a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A.
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