Quotation of the Day…

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… is from page 262 of Milton Friedman’s March 13th, 1967, Newsweek column, “‘Public’ Education,” as this column is reprinted in the 1975 collection – An Economist’s Protest – of some of Milton Friedman’s popular writings:

“Does money bring happiness?” is a recurrent theme in movie, short story, and novel. Yet the corresponding question is seldom asked about government expenditures. It is simply taken for granted that more government spending means more of whatever the spending is for.