A Quote by Milton Friedman
The only reason free markets have a ghost of a chance is that they are so much more efficient than any other form of organization.
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There are no free financial markets in America or, for that matter, anywhere in the Western word, and few, if any, free markets of any other kind.
Organization of khaddar is infinitely better than co-operative societies or any other form of village organization.
A society that relies on generalized reciprocity is more efficient than a distrustful society, for the same reason that money is more efficient than barter. Trust lubricates social life. Networks of civic engagement also facilitate coordination and communication and amplify information about the trustworthiness of other individuals.
Poetry isn't an efficient tool for preserving experience, any more than it's an efficient mode of communication, but who says that it should be efficient?
Capitalism has taught us that markets are always more efficient than hierarchical managerial coordination. But in a situation where those three conditions aren't met, I can't outsource or partner with you because markets don't function in the absence of sufficient information.
The American lawn uses more resources than any other agricultural industry in the world. It uses more phosphates than India and puts on more poisons than any other form of agriculture.
The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.
Treat all men alike.... give them all the same law. Give them all an even chance to live and grow. You might as well expect the rivers to run backward as that any man who is born a free man should be contented when penned up and denied liberty to go where he pleases. We only ask an even chance to live as other men live. We ask to be recognized as men. Let me be a free man...free to travel... free to stop...free to work...free to choose my own teachers...free to follow the religion of my Fathers...free to think and talk and act for myself.
More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.
It is necessary to have party organization if we are to have effective and efficient government. The only difference between a mob and a trained army is organization, and the only difference between a disorganized country and one that has the advantage of a wise and sound government is fundamentally a question of organization.
With all their faults, trade unions have done more for humanity than any other organization of men that ever existed. They have done more for decency, for honesty, for education, for the betterment of the race, for the developing of character in men, than any other association of men.
The subject of Finnish poetry ought to have a special interest for the Japanese student, if only for the reason that Finnish poetry comes more closely in many respects to Japanese poetry than any other form of Western poetry.
I can't wait until this show gets on the road," he said. "You and me are going to have so much fun, Rose. Picking out curtains, doing each other's hair, telling ghost stories..." The reference to "ghost stories" hit a little closer to home than I was comfortable with. Not that choosing curtains or brushing Christian's hair was much more appealing.
There is not really any courage at all in attacking hoary or antiquated things, any more than in offering to fight one's grandmother. The really courageous man is he who defies tyrannies young as the morning and superstitions fresh as the first flowers. The only true free-thinker is he whose intellect is as much free from the future as from the past.
Failure in the theater is more dramatic and uglier than any other form of writing. It costs so much, you feel so guilty.
Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular preferences, to aim at what people regard as beautiful or pleasant order, but it is also the indispensable condition for just keeping that population alive which exists already in the world. I regard the preservation of what is known as the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the very survival of mankind.
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