Today's Quote of the Day...
…is from page 57 the 2002 edition of Milton Friedman’s 1962 classic Capitalism and Freedom:
It is not too much to say that the most serious short-run threat to economic freedom in the United States today - aside, of course, from the outbreak of World War III - is that we shall be lef to adopt far-reaching economic controls in order to “solve” balance of payment problems. Interferences with international trade appear innocuous; they can get support of people who are otherwise apprehensive of interference by government into economic affairs; many a business man even regards them as part of the “American Way of Life”; yet there are few interferences which are capable of spreading so far and ultimately being so destructive of free enterprise.
JMM: Freidman wrote these words in 1962. How little things change