Milton Friedman Quotes About Private Property
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Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.
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Nobody spends somebody else's money as carefully as he spends his own.
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The preservation of liberty, not the promotion of efficiency, is the primary justification for private property. Efficiency is a happy, though not accidental, by-product - and a most important by-product because liberty could not have survived if it had not also produced affluence.
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Related Authors
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Paul Samuelson Economist -
David D. Friedman Economist -
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Gary Becker Economist -
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John Maynard Keynes Economist -
Thomas Sowell Economist -
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