Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U. S. is now 45 percent socialist. (Milton Friedman)

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U. S. is now 45 percent socialist.

Milton Friedman

Related topics

government national now produce production socialist spending means

Related quotes

What has influenced my life more than any other single thing has been my stammer. Had I not stammered I would probably... have gone to Cambridge as my brothers did, perhaps have become a don and every now and then published a dreary book about French literature.

W. Somerset Maugham

We should have been there shoulder to shoulder with our allies. Our concern is the instability of our government as an ally. We are playing again with national and global security matters.

Stephen Harper

What is dying? Just what it is to put off a garment. For the body is about the soul as a garment; and after laying this aside for a short time by means of death, we shall resume it again with more splendor.

John Chrysostom

Imagine spending four billion years stocking the oceans with seafood, filling the ground with fossil fuels, and drilling the bees in honey production --only to produce a race of bed-wetters.

Barbara Ehrenreich

Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.

Karl Rove