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Milton Friedman makes a sharp observation: we talk endlessly about profits, but losses are what make free enterprise work. Markets force failed ventures to close. Government? It rewards failure with expansion. Friedman argues the loss mechanism—not the profit incentive—is what makes markets work.

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30,097 görüntüleme • 4 ay önce •via X (Twitter)

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Thomas Sowell cites Milton Friedman in 2026 interview “Milton Friedman used to say that people call a capitalist society a profit society—it’s a profit-and-loss society. The losses are just as important as the profits, because the losses force people to stop doing things that are not working.” “Only those who are doing things that can be self-supporting can continue.”
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Thomas Sowell cites Milton Friedman in 2026 interview “Milton Friedman used to say that people call a capitalist society a profit society—it’s a profit-and-loss society. The losses are just as important as the profits, because the losses force people to stop doing things that are not working.” “Only those who are doing things that can be self-supporting can continue.”

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Milton Friedman Quotes

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