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State involvement in economic affairs

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1:46

The 4 Ways to Spend Money

Free To Choose Network event 1977

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8:07

Paradox of Immigration

TheAsianRepublican event 1977

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4:21

Redistribution of Wealth

LibertyPen event 1978

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26:28

An Interview with F. A. Hayek (1984)

LibertyInOurTime event 1984

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"You cannot simultaneously have free immigration and a welfare state."

— Friedman, Milton

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"There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you're doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I'm not so careful about the content of the present, but I'm very careful about the cost. Then, I can spend somebody else's money on myself. And if I spend somebody else's money on myself, then I'm sure going to have a good lunch! Finally, I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned about how much it is, and I'm not concerned about what I get. And that's government."

— Friedman, Milton

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"I don't believe that we shall ever have good money again before we take the thing out of the hands of government. Because we can't take them violently out of the hands of government, all we can do is by some sly or round-about way introduce something they can't stop."

— Hayek, Friedrich