“When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union—like public housing in the United States—look decrepit within a year or two of their construction.” ~Milton Friedman
Summary
Milton Friedman was one of the greatest economists of all time and one of the most prominent proponents of the free-market. He received the 1976 Nobel Prize in Economics and and in 1988 received the Presidential Medal of Freedom.
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