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In the modern world, tariffs and similar restrictions on trade have been one source of friction among nations. But a far more troublesome source has been the far-reaching intervention of the state into the economy in such collectivist states as Hitler’s Germany, Mussolini’s Italy, and Franco’s Spain, and especially the communist countries, from Russia and its satellites to China.

Milton Friedman Quote: “In the modern world, tariffs and similar restrictions on trade have been one source of friction among nations. But a far more troublesome source has been the far-reaching intervention of the state into the economy in such collectivist states as Hitler’s Germany, Mussolini’s Italy, and Franco’s Spain, and especially the communist countries, from Russia and its satellites to China.”

“In the modern world, tariffs and similar restrictions on trade have been one source of friction among nations. But a far more troublesome source has been the far-reaching intervention of the state into the economy in such collectivist states as Hitler’s Germany, Mussolini’s Italy, and Franco’s Spain, and especially the communist countries, from Russia and its satellites to China.”

Milton Friedman

Milton Friedman Quote: “In the modern world, tariffs and similar restrictions on trade have been one source of friction among nations. But a far more troublesome source has been the far-reaching intervention of the state into the economy in such collectivist states as Hitler’s Germany, Mussolini’s Italy, and Franco’s Spain, and especially the communist countries, from Russia and its satellites to China.”
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