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Governments play a critical role in the wealth-creating process by enforcing property rights and contractsólegal mechanisms that facilitate voluntary transactions. ... 'The only proper functions of a government are: the police, to protect you from criminals; the army, to protect you from foreign invaders; and the courts, to protect your property and contracts from breach or fraud by others, to settle disputes by rational rules, according to objective law.' Ayn Rand.
Managerial Economics: A Problem-Solving Approach (MBA Series) Second Edition