“Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange.”

— Milton Friedman, book Capitalism and Freedom

Source: Capitalism and Freedom (1962), Ch. 2, The Role of Government in a Free Society, p. 28

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Milton Friedman158

American economist, statistician, and writer 1912–2006

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“Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange.”

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Milton Friedman158

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