A Quote by Milton Friedman on army, cooperation, direction, and economics

Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.

Milton Friedman (1912 - 2006)

Source: Capitalism and Freedom, 1962

Contributed by: Zaady