The Value of Government
My dear brother-in-law has inspired me to elaborate on the efficacy of government. When I read Milton and Rose Friedman’s “Free to Choose” sometime in the eighties, I became convinced that free markets have an important function for society in that they evolve efficient and innovative products and services; better products and services get selected by buyers who are trying to maximize their own benefit and sellers who are motivated to maximize their economic gain. Over time new and more efficient products and services evolve. Societies which have adopted free market principles have seen considerable improvements in their economic wellbeing.…
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