"Success is stumbling from failure to failure with no loss of enthusiasm."
Winston Churchill
"Your dream has to be bigger than your fear."
Steve Harvey
"Discipline is the mark of intelligent living."
Sathya Sai Baba
"Either you run the day or the day runs you."
Jim Rohn
"Only when you can be extremely pliable and soft can you be extremely hard and strong."
Zen Proverb
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Milton Friedmanβs View on the Proper Role of Government
Milton Friedman believed the governmentβs role should be limited to functions essential for a free market to operate effectively. His key responsibilities for government were:
1. Upholding the Rule of Law β Enforce contracts, protect property rights, and maintain legal order.
2. National Defence β Provide protection from external threats as a public good.
3. Law and Order β Ensure internal security and justice.
4. Monetary Stability β Control the money supply to prevent inflation, preferably via fixed rules rather than discretionary policy.
5. Correcting Market Failures (Selectively) β Address externalities like pollution and provide public goods; he also supported education vouchers.
6. Safeguarding Individual Freedom β Limit state power to preserve personal and economic liberty.
Friedmanβs views are mainly outlined in Capitalism and Freedom and Free to Choose.
"Once you learn to quit, it becomes a habit."
Vince Lombardi
"Success is never final; failure is never fatal."
Conrad Hilton
"Failure is the key to success; each mistake teaches us something."
Morihei Ueshiba
"All our dreams can come true, if we have the courage to pursue them."
Walt Disney
