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  • If, for example, existing government intervention is minor, we shall attach a smaller weight to the negative effect of additional government intervention. This is an important reason why many earlier liberals, like Henry Simons, writing at a time when government was small by today's standards, were willing to have government undertake activities that today's liberals would not accept now that government has become so overgrown.

    Milton Friedman (2017). “Milton Friedman on Freedom: Selections from The Collected Works of Milton Friedman”, p.45, Hoover Press