Milton Friedman in Leadership and Crisis, by Gov. Bobby Jindal

On Budget & Economy: Every politically free society has a free market

Restricting economic freedoms limits our political freedoms. History teaches that the two are intimately entwined. Economic freedom disperses political power and distributes it among the people. With a free market system we separate economic power from political power, so that each may offset the other. As the late Nobel Prize-winning economist Morton Feldman put it, "Historical evidence speaks with a single voice on the relation between political freedom and a free market. I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity." Economic independence is what allows people to protect their political rights and freedoms. Once the powerful hand of government subsumes our economic independence, it immediately becomes more difficult to stand up that government. The natural logic of capitalism requires democracy. Source: Leadership and Crisis, by Bobby Jindal, p.165-166 Nov 15, 2010

The above quotations are from Leadership and Crisis, by Bobby Jindal. Click here for other excerpts from Leadership and Crisis, by Bobby Jindal. Click here for other excerpts by Milton Friedman. Click here for other excerpts by other Governors.
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Page last updated: Feb 06, 2014