Friedman on Eliminating Incentives

milton friedmanFREE ENTERPRISE ZONE, FUNDAMENTAL PRINCIPLES

Milton Friedman, 2000

If you impose very high taxes, and eliminate the incentive to innovate, to improve, to take risks, and do things, you’ll kill the economy. And that’s what’s happened over and over again in other countries around the world.


Source: Milton Friedman. From “Paradise Gained,” Uncommon Knowledge (2000)


Free Enterprise Zone’s Fundamental Principles is researched, compiled, and edited (with occasional commentary) by Steve Farrell, Founder and Editor In Chief of The Moral Liberal.


The Moral Liberal recommends Milton and Rose Friedman’s Free to Choose: A Personal Statement