Wednesday, September 05, 2012

Quote of the Day - Milton Friedman Edition

From this video:
In my opinion, a society that aims at equality before liberty will end up with neither equality nor liberty.  And a society that aims first for liberty will not end up with equality, but it will end up a closer approach to equality than any other kind of system that has ever been developed.  Now that conclusion is based both on evidence across history, and also I believe, on reasoning.  Which, if you try to follow through the implications of aiming first at equality, will become clear to you:

You can only aim at equality by giving some people the right to take things from others.  And what ultimately happens when you aim at equality is that A and B decide what C shall do for D - except that they take a little bit of a commission off on the way. 

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