Quote of the day - Milton Friedman
The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
Milton Friedman
Labels: economics, Milton Friedman, Quote
"And indeed, the burden of Cassandra's "gift" is evident in mythology. She predicted the outcome of many disastrous events. In one memorable example, Cassandra announced the dire consequences of the Trojans accepting the infamous Wooden Horse from their Greek opponents. But as Apollo made certain, no one believed Cassandra when she warned her companions about the future. And this, in the end, was to be Cassandra's tragic fate."
The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
Labels: economics, Milton Friedman, Quote
<< Home