Milton Friedman on Immigration
“You cannot simultaneously have free immigration and a welfare state.”
–Milton Friedman
The great Nobel Prize-winning economist was an ardent supporter of freedom and free markets. On the immigration issue, Friedman was all for an open-borders style policy — provided we do away with the welfare state and the myriad benefits that immigrants would be “entitled” to once they arrived. In this quote, Friedman illustrates the problem with government once it gets involved in providing goods and services to citizens. The result is usually a lack of freedom for everyone.
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 Weekly ETF Report readers, send it to me, along with any comments, questions and suggestions you have about my audio podcast, newsletters, seminars or anything else. Ask Doug.
In case you missed it, I encourage you to read my e-letter column from last week on Eagle Daily Investor about the recent election’s potential impact on the market. I also invite you to comment in the space provided below my Eagle Daily Investor commentary.
All the best,
Doug Fabian
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
