Inefficiency is good!

This from an address, Economic Freedom, Human Freedom, Political Freedom, given by Milton Friedman, at the Smith Center for Private Enterprise Studies in 1991.

The United States today is more than 50% socialist in terms of the fraction of our resources that are controlled by the government. Fortunately, socialism is so inefficient that it does not control 50% of our lives. Fortunately, most of that is wasted. People worry about government waste; I don't. I just shudder at what would happen to freedom in this country if the government were efficient in spending our money.