Government intervention has consequences from "summary" of Capitalism and Freedom by Milton Friedman
Government intervention in the economy, no matter how well-intentioned, often leads to unintended consequences that can have a significant impact on individuals and society as a whole. When the government imposes regulations or restrictions on businesses, it can hinder innovation and competition, ultimately leading to higher prices and reduced choices for consumers. Additionally, government intervention can create inefficiencies in the market by distorting prices and incentives, which can result in resources being misallocated and overall economic growth being stifled. For example, when the government sets price controls on goods or services, it can create shortages or surpluses, as the market is unable to adjust to supply and demand naturally. Moreov...
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