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There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.
-Milton Friedman
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There Are Severe Limits To The Good

Milton Friedman
There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.
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Government Limits Economy

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The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. these are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. when you think about it, when the fed is lowering an interest rate, what it's doing is it's creating more liquidity. it's putting more money into the economy. the same thing happens when you reduce the tax except if happens from physical policy.
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A famous, very often quoted phrase says: "that government is best, which governs least." i do not believe this to be a correct description of of the functions of a good government. government ought to do all the things for which it is needed and for which it is established. government ought to protect the individuals within the country against the violent and fraudulent attacks of gangsters, and it should defend the country against foreign enemies. these are the functions of government within a free system, within the system of the market economy.
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Whatever harm the evil may do, the harm done by the good is the most harmful harm.
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The left wants you to believe that true morality is defined by how much money you give the government, how much money you pay the government, how much money the government gets from you, because only the government does good stuff, only the government does good works, only the government cares about people. it's bogus.
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We can't have extraordinary dynamism, innovation, and change in the economy and expect to have predictability and stability in our personal lives. it's not as if there are these big, giant institutions existing between us and the economy. in fact, these institutions have become tissue-thin. there is no mediation anymore. we are the economy; the economy is us.
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You know, if government were a product, selling it would be illegal. ... government contains impure ingredients - as anybody who's looked at congress can tell you. ... government practices deceptive advertising. and the merest glance at the federal budget is enough to convict the government of perjury, extortion, and fraud. ... in a nutshell: government should be against the law. term limits aren't enough. we need jail.
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