There's been one underlying basic fallacy in this whole set of social security and welfare measures, and that is the fallacy - this is at the bottom of it - the fallacy that it is feasible and possible to do good with other people's money. That view has two flaws. If I want to do good with other people's money, I first have to take it away from them. That means that the welfare state philosphy of doing good with other people's money, at it's very bottom, is a philosophy of violence and coercion. It's against freedom, because I have to use force to get the money. In the second place, very few people spend other people's money as carefully as they spend their own. Milton Friedman

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Added on: January 1, 2008