November 16, 2022
QUOTE
If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
The essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
If you pay people not to work and tax them when they do, don’t be surprised if you get unemployment.
When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it. When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on. When a man spends someone else’s money to buy something for himself, he is very careful about what he buys, but doesn’t care at all how much he spends. And when a man spends someone else’s money on someone else, he does’t care how much he spends or what he spends it on. And that’s government for you.
--All from Milton Friedman
BIRTHDAYS
42 BC – Tiberius, Roman emperor
1643 – Jean Chardin, French-English jeweler and explorer
1836 – Kalākaua of Hawaii
1907 – Burgess Meredith, Actor, singer, director, producer, and screenwriter
1924 – Sam Farber, Businessman
IN MEMORY
BIRTHDAYS
IN MEMORY
1913 – George Barham, English businessman, founded Express County Milk Supply Company
1950 – Bob Smith, Physician and surgeon, co-founded Alcoholics Anonymous
1960 – Clark Gable, Actor
2006 – Milton Friedman, Economist and academic, Nobel Prize laureate
IN ON THIS DAY
1822 – Missouri trader William Becknell arrives in Santa Fe, New Mexico, over a route that became known as the Santa Fe Trail.
1855 – David Livingstone becomes the first European to see the Victoria Falls in what is now Zambia-Zimbabwe.
1871 – The National Rifle Association of America receives its charter from New York State.
1904 – English engineer John Ambrose Fleming receives a patent for the thermionic valve (vacuum tube).
1907 – Indian Territory and Oklahoma Territory join to form Oklahoma, which is admitted as the 46th U.S. state.
1914 – The Federal Reserve Bank of the United States officially opens.