Sunday, July 27, 2008

Free to Choose 1980 - Volume 4: From Cradle to Grave


 
Topic: The welfare system's effect on society

The welfare state arises from the attempt to do good with other people's money. Such attempts always fail because: Nobody spends somebody else's money as carefully as his own. Welfare is supply driven. Those spending the money use force to collect it and to insure those receiving it use it for "right" purposes. Good intentions are corrupted by bad means. Friedman visits U.S. and Britain.

   
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