Achievement Quote by Milton Friedman
“Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is also an indispensable means toward the achievement of political freedom.”
About This Quote
Source Book: Capitalism and Freedom, 1962
Economic freedom is both an end and a means, essential for overall liberty and political freedom.
In simple terms: Economic freedom is vital for all freedom.
Promote policies that protect economic liberty.
Themes
Mood
Type
When to use this quote
- business regulation
- tax policy
- trade agreements
- social welfare programs
Key Concepts
Questions to Reflect On
- What balances economic and political freedoms?
- How to ensure economic freedom benefits all?
Economic freedom can conflict with social equity goals.