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Milton Friedman quote ✍️

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The ICC [Interstate Commerce Commission] illustrates what might be called the natural history of government intervention. A real or fancied evil leads to demands to do something about it. A political coalition forms consisting of sincere, high-minded reformers and equally sincere interested parties. The incompatible objectives of the members of the coalition (e.g., low prices to consumers and high prices to producers) are glossed over by fine rhetoric about “the public interest,” “fair competition,” and the like. The coalition succeeds in getting Congress (or a state legislature) to pass a law. The preamble to the law pays lip service to the rhetoric and the body of the law grants power to government officials to “do something.” The high-minded reformers experience a glow of triumph and turn their attention to new causes. The interested parties go to work to make sure that the power is used for their benefit. They generally succeed. Success breeds its problems, which are met by broadening the scope of intervention. Bureaucracy takes its toll so that even the initial special interests no longer benefit. In the end the effects are precisely the opposite of the objectives of the reformers and generally do not even achieve the objectives of the special interests. Yet the activity is so firmly established and so many vested interests are connected with it that repeal of the initial legislation is nearly inconceivable. Instead, new government legislation is called for to cope with the problems produced by the earlier legislation and a new cycle begins.
Milton Friedman Free to Choose: A Personal Statement economics politics

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Answer Clues
MEN 739 clues
WOMEN 176 clues
EQUALITY 88 clues
ECONOMICS 35 clues
POLITICS 32 clues
PHILOSOPHY 31 clues
EXISTENTIALISM 9 clues
DECONSTRUCTION 2 clues

Similar crossword clues

  1. Milton Friedman, e.g. 88.24%
  2. Milton Friedman's subj. 81.08%
  3. Milton Friedman, for one 78.95%
  4. Subj. for Milton Friedman 76.92%
  5. Milton Friedman follower 76.92%
  6. Milton's field 75.86%
  7. Economist Friedman 72.73%
  8. Milton Friedman's field (abbr.) 69.77%
  9. Milton for one 68.97%
  10. Milton from N.Y.C. 68.75%
  11. Milton pearl? 66.67%
  12. "___ Choose": Friedman 66.67%
  13. Megadeth's Friedman 64.71%
  14. Milton of comedy 64.52%
  15. Milton of Uganda 64.52%
  16. Milton masque. 64.29%
  17. Milton, e.g. 64.00%
  18. Milton's rebel angel. 62.86%
  19. Milton's "Immortal ___" 62.50%
  20. Milton's "Paradise ___" 62.50%
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Unscramble MILTON6-letter words that start with M6-letter words that end in N6-letter words containing IL6-letter words containing ON6-letter words with M and I
Often perfumed powder
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Hint 1 meaning
A soft mineral of a soapy feel and a greenish, whitish, or grayish color, usually occurring in foliated masses. It is hydrous silicate of magnesia. Steatite, or soapstone, is a compact granular variety.
Hint 2 anagram
TACL
Hint 3 another clue
BABY DOCTOR FOR SHORT
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