Quicklet on Capitalism and Freedom by Milton Friedman

People in society are like characters in a game, and the framework of law and customs are the rules of the game. Individuals, like players, must accept the framework and the means of enforcement and arbitration.

liberal's means are "free discussion and voluntary cooperation." The market's role is to promote unanimity without conformity. Politics tend toward enforced conformity; a vote is either yes or no.

Because a certain level of universal education is necessary for a cohesive and democratic society, government spending on education has become government administration of education. This is dangerous. The administering of education should be left to private free enterprise; the government should only be subsidizing those who cannot afford a basic level of education.

The government is misusing fiscal policy under the mistaken belief that government spending boosts the economy in times of recession.

the gap between people’s intentions and the outcomes of their actions is wide

what one man regards as good, another may regard as harm

Paternalism: Government intervention that effects the lives of individuals, usually against their will, which is said to be for the good of the individual. Examples include state requirements that motorcyclists wear helmets or automobile drivers and passengers wear seatbelts. Friedman is strongly against this sort of policy.

Economic Theory of Regulation, also known as capture,” which explains that political factions and interest groups will take advantage of the coercive powers of government to shape laws and regulations to their benefit.