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Milton Friedman

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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 co-​operation of individuals — the technique of the market place.

Milton Friedman, Capitalism and Freedom (1962), Ch. 1 The Relation Between Economic Freedom and Political Freedom.

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