Background Image
Doing good with other people's money has two basic flaws. in the first place, you never spend anybody else's money as carefully as you spend your own. so a large fraction of that money is inevitably wasted. in the second place, and equally important, you cannot do good with other people's money unless you first get the money away from them. so that force - sending a policeman to take the money from somebody's pocket - is fundamentally at the basis of the philosophy of the welfare state.
-Milton Friedman
Please Wait....
Translating....

Doing Good With Other People's Money Has

Milton Friedman
Doing good with other people's money has two basic flaws. in the first place, you never spend anybody else's money as carefully as you spend your own. so a large fraction of that money is inevitably wasted. in the second place, and equally important, you cannot do good with other people's money unless you first get the money away from them. so that force - sending a policeman to take the money from somebody's pocket - is fundamentally at the basis of the philosophy of the welfare state.
Views: 3
Cite this Page
Prevent plagiarism by providing proper attribution.
APA FORMAT
Embed this Quote
Copy this HTML code to embed the quote on your website or blog.
HTML CODE
Topic
Philosophy Two People

More From Milton Friedman

General welfare is a general condition - maybe sound currency is general welfare, maybe markets, maybe judicial system, maybe a national defense, but this is specific welfare. this justifies the whole welfare state - the military industrial complex, the welfare to foreigners, the welfare state that imprisons our people and impoverishes our people and gives us our recession.
Military People Giving
If you spend your own money on yourself, you care how much you spend and how well you spend it. if you spend your own money on someone else, you care how much you spend, but you don't care how well it is spent. if you spend someone else's money on yourself, you don't care how much you spend, but you do care how well it is spent. and finally, if you spend someone else's money on someone else, you don't care how much you spend, and you don't care how well it is spent. that is government.
Government Care Wells
Whenever you try to do good with someone else's money, you are committed to using force. how can you do good with somebody else's money, unless you first take it away from them? the only way you can take it away from them is the threat of force: you have a policeman, tax collector, who comes and takes it from them.
Trying Way Firsts
The state, of course, is absolutely indispensable to the preservation of law and order, and the promotion of peace and social cooperation. what is unnecessary and evil, what abridges the liberty and threatens the true welfare of the individual, is the state that has usurped excessive powers and grown beyond its legitimate function - the super-state, the socialist state, the redistributive state, in brief, the ironically misnamed 'welfare state.'
Order Law Evil
I can spend somebody else's money on somebody else. and if i spend somebody else's money on somebody else, i'm not concerned about how much it is, and i'm not concerned about what i get. and that's government. and that's close to 40 percent of our national income.
Government Income Concerned
I can spend somebody else's money on somebody else. and if i spend somebody else's money on somebody else, i'm not concerned about how much it is, and i'm not concerned about what i get. and that's government.
Government
Similar Quotes
Hon editor cale fluhart was a power politically fer years, but he never got prominent enough t' have his speeches garbled.
Government Years Editors
Journalism is the only profession explicitly protected by the u.s. constitution, because journalists are supposed to be the check and balance on government. we're supposed to be holding those in power accountable. we're not supposed to be their megaphone. that's what the corporate media have become.
Power Government Media
In my lifetime, it's the supreme court, not congress, that integrated our public schools, that allowed people of different races to marry, and established the principle that our government should respect the value of privacy of american families. these decisions are the legacy of justices who chose to expand american freedom.
School Race Government
One of the worst things to come out of the consumer protection board's misleading claims is the impression that government resources are to hard to get and just aren't available for regular people like you and i.
Government People Boards

Trending Author

Yuri Gagarin
Yuri Gagarin
Virginia C. Andrews
Virginia C. Andrews
Douglas Bader
Douglas Bader
Bianca Jagger
Bianca Jagger
Ntozake Shange
Ntozake Shange
Jean Ingelow
Jean Ingelow
Category
Information
Inspirational
Philosophy
Personal Growth
Happiness & Joy
Life Lessons
Success & Business
Motivation