---
author: Milton Friedman
category:
  - p/nf
date: '2024-11-27'
description: how do we think about jobs and money
finished: 2025
id: Capitalism and Freedom
modified: 2026-06-05 15:08:00 GMT-04:00
posters: '[[library/posters/capitalism-and-freedom.jpg]]'
status: finished
subcategory: economic
tags:
  - economic
  - finance
title: Capitalism and Freedom
year: 1962
authors: Milton Friedman
created: '2024-11-27'
published: '2024-11-27'
pageLayout: default
slug: library/Capitalism-and-Freedom
permalink: https://aarnphm.xyz/library/Capitalism-and-Freedom.md
generator:
  quartz: v4.6.0
  hostedProvider: Cloudflare
  baseUrl: aarnphm.xyz
full: https://aarnphm.xyz/llms-full.txt
---
\[@friedman1962capitalism\]

### on occupational licensure

Three grounds for this arguments:

1. registration
2. certification
3. licensing proper
   - against fraudulent claims:
     > It goes still farther in the direction of trenching upon the rights of individuals to enter into voluntary contracts.

> The most obvious social cost is that anyone of
> these measures, whether it be registration, certification, or licensure,
> almost <mark>inevitably becomes a tool</mark> in the hands of \[_a special producer group_\]
> to obtain a **monopoly** position at the expense of the rest of the public.