Source: Bet On It
by Bryan Caplan
“In Milton Friedman’s Capitalism and Freedom, first published in 1962, the 20th century’s highest-profile free-market economist presented a list of government policies worthy of abolition; or, in his words, of ‘some activities currently undertaken by government in the U.S., that cannot, so far as I can see, validly be justified in terms of the principles outlined above.’ Friedman named fourteen interventions to ax …. While I have no quarrel with any of Friedman’s abolitions, the man has a weird set of priorities. When he wrote, only two of the fourteen policies he singled out for condemnation were burning a noticeable share of the economy.” (06/03/25)