Tag Archives: Choose

Milton Friedman shows why capitalism is the economic view of grown-ups

Here’s one video:

And another:

Socialism only makes sense when you don’t think things through. There is a finite number of things in the universe. If you want to fix one situation, you’re going to break something else. The only question to decide, then, is who should decide how money is spent. Is it the government who decides? Or individuals? Which party is better at choosing? Which party has more to gain or lose from good and bad choices? Which party has the incentive to make the right choice, because they earned the money, and is responsible for the result of spending it one way or another?

The real world is not perfect. There are risks and trade-offs everywhere in life.

(H/T Laura at Pursuing Holiness)