"Is it really true that political self-interest is nobler somehow than economic self-interest?"
- Milton Friedman
About this Quote
The quote is questioning the perception that political self-interest (i.e. pursuing policies that are in the interest of one's political career or celebration) is ethically exceptional to financial self-interest (i.e. pursuing policies that are in the interest of one's individual or service monetary gain). The ramification is that both kinds of self-interest are genuine and need to not be inherently judged as noble or ignoble.
This quote is written / told by Milton Friedman between July 31, 1912 and November 16, 2006. He/she was a famous Economist from USA.
The author also have 34 other quotes.
"States get to improve transportation infrastructure; that creates economic development, puts people back to work and, most important, enhances safety and improves local communities"
"It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life"
"Our people can draw on the tremendous strides made in recent years, not only in terms of advancing themselves spiritually and materially, but also in having weathered social and economic turbulence, triggered, in the main, by factors not of their own creation"
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase"
"But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
