--- title: "Meaning & Key Takeaway of: The black market was a way of getting…" description: "\"The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enablin..." image: "https://sms4smile.com/quotes/i/040/milton-friedman-616_black_the-black-market-was-a-way-of-getting-ar_2477033.png" --- # The black market was a way of getting around government… ![“The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.” quote by Milton Friedman](https://sms4smile.com/quotes/i/040/milton-friedman-616_black_the-black-market-was-a-way-of-getting-ar_2477033.png) [Download](https://sms4smile.com/quotes/i/040/milton-friedman-616_black_the-black-market-was-a-way-of-getting-ar_2477033.png) [Open image](https://sms4smile.com/quotes/i/040/milton-friedman-616_black_the-black-market-was-a-way-of-getting-ar_2477033.png) > “The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.” [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The black market can be viewed as a response to government regulation, allowing free market principles to operate where official channels restrict them. **In simple terms:** Black markets bypass government controls. Key Takeaway Consider how regulation shapes informal economies. Themes economics freedom regulation Mood critical analytical Type theoretical commentary When to use this quote - policy analysis - entrepreneurship - legal studies Key Concepts market theory informal economy Questions to Reflect On - When should regulation be relaxed? - What are the risks of informal markets? A Different Perspective Black markets may also foster illegal activity and harm. ★ ★ ★ ★ ★ No ratings yet [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Free market](https://sms4smile.com/quotes/about/free-market/) [Government](https://sms4smile.com/quotes/about/government/) [Investing](https://sms4smile.com/quotes/about/investing/) [People](https://sms4smile.com/quotes/about/people/) [Politics](https://sms4smile.com/quotes/about/politics/) ## Related quotes > [Politics are beautiful. They enable a community to live collectively with one another. 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