I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us? ... [Milton] Friedmans insight is that a market limits the power that others have over us; conversely, limiting the power… — Arnold Kling Copy Share Image
Your generosity is reflected in what you do with your own money, not in what you do with other people's money. If I give a lot of money to charity, then I am generous. If you give a smaller fraction… — Arnold Kling Copy Share Image
When the government pays, health care's lack of affordability becomes a self-fulfilling prophecy. In health care, as in other things, government is the high-cost… — Arnold Kling Copy Share Image
I think that the main issue with inequality is not the gap between the rich and the poor. It is the gap between the… — Arnold Kling Copy Share Image
I believe that the Welfare State redistributes poverty and reduces income. As Karl Kraus once said of psychoanalysis, the Welfare State is the disease… — Arnold Kling Copy Share Image
After over half a century of employer-provided health care coverage, the American people have developed a phobia of paying for health insurance themselves. — Arnold Kling Copy Share Image
Anyone who believes that we can afford collectively what we cannot afford individually is delusional. — Arnold Kling Copy Share Image
I have come to believe that politicians are in the business of 'marketing' their product to the public, by exaggerating threats and over-selling government… — Arnold Kling Copy Share Image
I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us? ... [Milton] Friedmans insight… — Arnold Kling Copy Share Image
The prescription for better health care is more freedom to innovate, not remote-control surgery from Washington. — Arnold Kling Copy Share Image
I am worried about climate change. In one respect, I may be more worried than other people. I am worried because I have very… — Arnold Kling Copy Share Image
Your generosity is reflected in what you do with your own money, not in what you do with other people's money. If I give… — Arnold Kling Copy Share Image
The gap between what one knows and what one thinks one knows may be higher in the ranks of the elite. The result is… — Arnold Kling Copy Share Image
That eugenics was part of the progressive agenda is one of the most heavily-airbrushed features of history. — Arnold Kling Copy Share Image
![“I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us? ... [Milton] Friedmans insight is that a market limits the power that others have over us; conversely, limiting the power that others have over us allows us to have markets. Friedman…” quote by Arnold Kling](https://sms4smile.com/quotes/img-quotes/100/arnold-kling-32482_better-job_i-call-this-the-fundamental-problem-of-p_1424862.jpg)
