Milton FriedmanMilton Friedman, (1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"

Milton Friedman Quote

“[Trade licensing] almost inevitably becomes a tool in the hands of a special producer group to maintain a monopoly position at the expense of the rest of the public. There is no way to avoid this result.”

Milton FriedmanMilton Friedman
~ Milton Friedman

Ratings and Comments

Mike, Norwalk

All licensing by government is by definition, unlawful. As to one of the results of "trade licensing", the statement is right on accurate.

E Archer, NYC

Thus we have the private American Bar Association monopolizing the 'justice' system, the American Medical Association monopolizing health care, and the myriad of unions that monopolize construction, manufacturing, transportation, communications, and public services. Just a bunch of mobsters hijacking private enterprise -- racketeering pure and simple.


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