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There's a smokestack on the back of every government program.
--
Interview (10 February 1999) in the video production Take It To The Limits: Milton Friedman on Libertarianism.

 

Milton Friedman

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Historical Slumming: The act of visiting locations such as diners, smokestack industrial sites, rural village -- locations where time appears to have been frozen many years back -- so as to experience relief when one returns back to “the present.”

 

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Our foreign aid program is not growing in size, it is, on the contrary, smaller now than in previous years. It has had its weaknesses, but we have undertaken to correct them. And the proper way of treating weaknesses is to replace them with strength, not to increase those weaknesses by emasculating essential programs. Dollar for dollar, in or out of government, there is no better form of investment in our national security than our much-abused foreign aid program.

 

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John Stossel: Your party created a prescription drug program, you voted against it. Don't elderly people need these drugs?
Ron Paul: Yeah, that's why I voted against it, because these government programs failed to work. A lot of elderly were, and still are furious over that program, because it's so complex and difficult.
John Stossel: But a lot of people like it, hey, I'm getting my drugs paid for, they're free.
Ron Paul: You know who else likes it? The drug companies. They spent quite a few millions of dollars, they did the highest lobbying, the profiteers were the ones who really pushed that program. But the assumption shouldn't be made that if you didn't have it, people wouldn't get their drugs. The market is designed to lower prices, not raise prices.

 

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