RIP Milton Friedman

1912 to 2006

Fundamentally, society's resources can be organized in only one of two ways, or by some mixture of them.

One way is by market mechanisms: from the bottom up. The other way is by command: from the top down.

Quoting him is invidious; there are so many jewels:

One of the great mistakes is to judge policies and programmes by their intentions rather than their results.

Hell hath no fury like a bureaucrat scorned.

A major source of objection to a free economy is precisely that it ... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

After Lord Harris, a short while ago, this is another great loss.

The Giants are sleeping.