Legacy of Liberty — Milton Friedman

I am sad to say that my hero Milton Friedman died today. Here is my favorite quote from Capitalism and Freedom. It pretty much sums up the outlook of our Foundation.

…conditions have changed. We now have several decades of experience with government intervention. It is no longer necessary to compare the market as it actually operates and government intervention as it ideally might operate. We can compare the actual to the actual. If we do so, it is clear that the difference between the actual operation of the market and its ideal operation – great though it undoubtedly is – is as nothing compared to the difference between the actual effects of government intervention and their intended effects.

BTW, if you did not guess who Fenwick was, now you know.

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