I was just watching an interview with Milton Friedman and he stated that,

There is a smoke stack on the back of every government program. That is to say that every government programs impose a cost on third parties where the third parties are not receiving compensation.

This came out of the context of discussing when government may need to intervene in the market. Milton Friedman and some other classical liberals (libertarians) think that the only case for government is when it is not feasible for market arrangements to make …