Milton Friedman
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The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
When government — in pursuit of good intentions — tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
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