Milton Friedman on the Great Tragedy of Centralization

Milton Friedman (Public Domain photo)
Milton Friedman
(credit: public domain)


Milton Friedman, 1962

“The power to do good is also the power to do harm; those who control the power today may not tomorrow; and, more important, what one man regards as good, another may regard as harm. The great tragedy of the drive to centralization, as of the drive to extend the scope of government in general, is that it is mostly led by men of good will who will be the first to rue its consequences.”

Source: Milton Friedman, Capitalism and Freedom, 1962.

Free Enterprise Zone’s Fundamental Principles is researched, compiled, and edited (with occasional commentary) by Steve Farrell, Founder and Editor In Chief of Self-Educated American.

Self-Educated American recommends Milton and Rose Friedman’s Free to Choose: A Personal Statement