Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

Milton Friedman, Ph.D.

Created Equal

Free To Choose Part 5

The Declaration of Independence says, "all men are created equal." Milton Friedman explains that this did not mean all persons should or will have equal talents or income. Equal opportunity to better one’s self, and the right to personally benefit from the gains realized, are consistent with freedom. Equality of results requires force. Taking from some to give to others destroys freedom and removes the incentive for creating new wealth.

Author: Milton Friedman
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