Quotation by

Milton Friedman

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

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Understanding this quote AI Analysis

Milton Friedman is saying that while people often ask the government to keep buyers safe from bad products or companies, the bigger danger is when the government itself harms or controls consumers unfairly. He believes government actions can sometimes limit freedom or cause problems that are more serious than those caused by businesses.

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A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take …
I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.

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Government, even in its best state, is but a necessary evil in its worst state, an intolerable one.