Milton Friedman thinks the government shouldn’t play a very important role in the economy. He once said in an interview that “he would rather have a $1 trillion budget with a deficit of $1 trillion than have a $2 trillion budget that is completely balanced with taxes.” This doesn’t mean that he is in favour of a budgetary deficit, it means that he is against high taxes. The government shouldn’t take money from the people, because people must have the freedom to spend their money on the goods and services they want, so governments may not become too big. Moreover freedom is one of the key values you find in the theories of Milton Friedman.
Source: http://www.examiner.com/a-413909~Jay_Ambrose__Milton_Friedman_s_legacy.html
Frederik Verplancke
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