Thursday, August 20, 2009

Recipe for Tyranny

Rose Friedman, who passed away this week, writing with her husband Milton in their 1980 book "Free to Choose":

Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised. In addition, by dispersing power, the free market provides an offset to whatever concentration of political power may arise. The combination of economic and political power in the same hands is a sure recipe for tyranny.

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