Tuesday, March 20, 2007
Quotations from Milton Friedman
Reason publishes some quotations from Milton Friedman. An interesting one is: "Why has there been so great a shift in the attitudes of the public [toward accepting free market ideas]? I’m sorry to confess that I do not believe it occurred because of the persuasive power of such books as Friedrich Hayek’s Road to Serfdom or Ayn Rand’s Fountainhead or Atlas Shrugged or our own Capitalism and Freedom. Such books certainly played a role, but I believe the major reason for the change is the extraordinary force of factual evidence.…The great hopes that had been placed in Russia and China by the collectivists and socialists turned into ashes.…Similarly, the hopes that were placed in Fabian socialism and the welfare state in Britain or the New Deal in the United States were disappointed. One major government program after another started with the very best aims and with noble objectives and turned out not to deliver the goods.…Ideas played their part. But they played their part not by producing a reaction against the spread of government but by determining the form that that reaction took. The role we play as intellectuals is not to persuade anybody but to keep options open and to provide alternative policies that can be adopted when people decide they have to make a change."