Milton Friedman on Role

← Back to Milton Friedman Profile
One reason why money is a mystery to so many is the role of myth or fiction or convention.
If you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That's literally true.
The proper role of government is exactly what John Stuart Mill said in the middle of the 19th century in On Liberty. The proper role of government is to prevent other people from harming an individual.
A liberal ... is suspicious of assigning to government any functions that can be performed through the market, both because this substitutes coercion for voluntary co-operation in the area in question and because, by giving government an increased role, it threatens freedom in other areas.