Friday, November 17, 2006

work hard, save, invest...

principles for peace and prosperity in climate of Economic freedom. Economic freedom led to political freedom according to Milton Friedman. Wall Street Journal, Bloomberg, capitalist and libertarian of every color, mourn the death of the patron saint of free market and inflation focus central bankers (BSP bankers included), today.
Mr. Friedman believe inflation result from too much money chasing too few goods. Government regulations restricts freedom to trade. Less freedom to trade led to few goods to buy. He believe concentration of power in government is the great threat to freedom.
Government is necessary to preserve our freedom, it is an instrument through which we can exercise our freedom; yet by concentrating power in political hands, it is also a threat to freedom.
Introduction, Capitalism and Freedom, 2002 ed, pb, p.2.
Milton Friedman's autobiography

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