The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
Our emphasis here is based not only on the growing seriousness of drug-related crimes, but also on the belief that relieving our police and our courts from having to fight losing battles against drug use will enable their energies and facilities to be devoted more fully to combating other forms of crime.
Interpretation
What this quote means
The quote suggests that focusing on serious crimes can help law enforcement allocate their resources more effectively by de-emphasizing the war on drugs.
Milton Friedman emphasizes the importance of redirecting the focus of law enforcement from drug-related offenses, which he perceives as a losing battle, to more serious crimes. He argues that by alleviating the burden of failed drug policies on police and courts, these institutions can better address other criminal activities that pose a greater threat to society, thus enhancing overall public safety and justice.
Themes
In practice
Example use cases
In a speech about law reform, one could cite this quote to advocate for changes in drug legislation.
More from Milton Friedman
All quotes →Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.
The strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.
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I started in business journalism from the outside, so when I started writing about markets and business, I was struck by the fact that markets seemed to work well even though people are often irrational, lack good information and are not perfect in the way they think about decisions.
The true greatness of nations is in those qualities which constitute the greatness of the individual.
There are some facts that will never change. One fact is that you are forgiven. If you are in Christ, when he sees you, your sins are covered-he doesn't see them. He sees you better than you see yourself.
Nothing is more generally known than our duties which belong to Christianity; and yet, how amazing is it, nothing is less practiced?
The wars we fought were forced upon us. Thanks to the Israel Defense Forces, we won them all, but we did not win the greatest victory that we aspired to: release from the need to win victories.
I hope for the day when everyone can speak again of God without embarrassment.