Milton Friedman on government’s four major functions:1) Ensure national defense2) Protect citizens from “abuse and coercion by other citizens”3) Define and uphold private property rights4) Maintain a judicial system to adjudicate disputes and enforce rules

Milton Friedman on Greed - Phil Donohue

Milton Friedman dismantles the “capitalism = greed” narrative:“Tell me, is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course, none of us are greedy, it’s only the other fellow who’s greedy.”“The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bur

Milton Friedman Accused of Making Corporations Greedy