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Role of government is limited from "summary" of Capitalism and Freedom by Milton Friedman

The fundamental principle of a free society is the limitation of the power of the government to interfere with the activities of individuals. This principle is essential for preserving individual freedom, fostering economic prosperity, and promoting social progress. When the government exceeds its proper limits and intrudes into areas where it has no legitimate authority, it undermines the foundation of a free society. Excessive government intervention leads to a loss of individual autonomy, stifles innovation and entrepreneurship, and distorts market signals. In a free society, individuals are free to pursue their own interests, make their own choices, and bear the consequences of their actions. This principle of individual responsibility is essential for fostering a dynamic and prosperous economy. Government intervention in the economy, whether through regulation, taxation, or direct control, distorts market mechanisms and leads to inefficiency, waste, and corruption. The proper role of government is to establish the rules of the game, enforce property rights, and ensure a level playing field for all participants. By limiting the power of the government to interfere with the activities of individuals, we create a framework in which individuals are free to interact with one another voluntarily, exchange goods and services, and pursue their own interests. This framework is essential for fostering economic growth, encouraging innovation, and promoting social progress.
  1. The concept of limiting the role of government is essential for preserving individual freedom, fostering economic prosperity, and promoting social progress. By adhering to this principle, we can create a society in which individuals are free to pursue their own interests, make their own choices, and bear the consequences of their actions.
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Capitalism and Freedom

Milton Friedman

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