Friday, June 12, 2009

Quote of the Week: Subsidization

The subsidization of institutions rather than of people has lead to an indiscriminate subsidization of all activities appropriate to such institutions, rather than of the activities appropriate for the state to subsidize. - Milton Friedman


Jungheims said...

Do you know how many times I had to read that to process it? I either need some sleep or to exercise my brain more! =) Timely quote though!

Nitchfield News said...

That's what my hubby said too! The quote is from the book Capitalism and Freedom, and you can probably imagine how long it took me to read. ;-)Whew! -GJ

Jungheims said...

Glad I'm not alone...that's comforting! ;) I'm impressed you stuck with the book and finished it. You'll keep your brain cells much longer than I! ;)