“Nothing is so permanent as a temporary government program.”
--Milton Friedman

The brilliant economist and free-market advocate reminds us that however temporary a government program sets out to be, the forces that come to rely on that program for their sustenance are so strong that they make virtually any temporary program permanent. Keep this in mind whenever you hear a politician call for temporary measures to “fix” the economy.

Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars or anything else. Click here to ask Doug.

Sincerely,

Doug Fabian
 

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