Were you ever introduced to Mr. Milton Friedman? He was best known among scholars for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.
Concentrated power is not rendered harmless by the good intentions of those who create it.
~ Friedman
Watch these free videos, read a few books and articles written by this brilliant (& 100% honest) economist, then tell us if you agree with our assessment of this wonderful man's contributions to the world.
I'm in favor of legalizing drugs. according to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.
~ Friedman
Mr. Friedman often is quoted out of context by those wishing to point out seeming failures of unbridled capitalism. Those who study his work in greater detail, quickly realize he believed in capitalism that serves the average person and our environment. He often explains that sometimes situations that appear to be a weakness in the free market system are ultimately the result of improper government policy or political corruption - with the intent to manipulate the capital system to benefit insiders (defintiely not a good thing in his view - does not reflect free market principles).
Inflation is taxation without legislation.
~ Friedman
Born July 31, 1912 Mr. Friedman died November 16, 2006 as an American Nobel Laureate economist and perhaps our greatest public intellectual in this subject area.
Many people want the government to protect the consumer. a much more urgent problem is to protect the consumer from the government.
~ Friedman
The global public has followed his restatement of a libertarian political philosophy that insisted on minimizing the role of government in favor of the private sector. As a leader of the Chicago School of economics, based at the University of Chicago, he had a widespread influence in shaping the research agenda of the entire profession.
Nothing is so permanent as a temporary government program.
~ Friedman
Friedman's many monographs, books, scholarly articles, papers, magazine columns, television programs, videos and lectures cover a broad range of topics in microeconomics, macroeconomics, economic history, and public policy issues.
The government solution to a problem is usually as bad as the problem.
~ Friedman
Milton Friedman ~ Gave Us Solutions
But Did We Listen?
Friedman - Greed (2.24 minutes)
Friedman on Slavery and Colonization (8.43 minutes)
Friedman on Drugs (.44 minutes)
Friedman: The Purpose of the Federal Reserve (4.55 minutes)
Milton Friedman explains role of gold in Great Depression (8.47 minutes)
The 4 Ways to Spend Money by Friedman (2.39 minutes)
Milton Friedman Debates Naomi Klein (7.39 minutes)
Friedman on Libertarianism (Part 1 of 4) (7.21 minutes) - This guy tries to challenge Friedman's ideas (even adds comments outside interview to persaude, and still comes up looking foolish.
Free to Choose - vol 01, 1980 (2.10 minutes) We HIGHLY recommend reading his legendary book (filled with workable public policy ideas) "Free to Choose"
Free to Choose - vol 02, 1980 (.43 minutes)
Free to Choose - vol 03, 1980 (.56 minutes)
Free to Choose - vol 04, 1990 (1.15 minutes)
Free to Choose - vol 05, 1990 (.39 minutes)
Free to Choose - vol 06, 1980 (1.08 minutes)
Free to Choose - vol 07, 1980 (.44 minutes)
Free to Choose - vol 08, 1980 (1.08 minutes)
The free man will ask neither what his country can do for him nor what he can do for his country.
~ Friedman
Free to Choose - vol 09, 1980 (1.08 minutes)
A major source of objection to a free economy is precisely that it ... gives people what they want instead of what a particular group thinks they ought to want. underlying most arguments against the free market is a lack of belief in freedom itself.
~ Friedman
Friedman on Self-Interest and the Profit Motive 1of2 (5.25 minutes)
Friedman on Self-Interest and the Profit Motive 2of2 (6.56 minutes)
The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
~ Milton Friedman
Milton Friedman on Limited Government (29 minutes)
We have a system that increasingly taxes work and subsidizes nonwork.
~ Milton Friedman
PBS Uncommon Knowledge- Take it to the Limits: Milton Friedman on Libertarianism (27 minutes)
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
~ Milton Friedman
Milton Friedman on Icelandic State Television in 1984 (72 minutes)
A society that puts equality before freedom will get neither. a society that puts freedom before equality will get a high degree of both.
~ Milton Friedman
Friedman VIDEO_TS.avi (57 minutes)
"The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, so that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank." - Milton Friedman
The great depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
~ Friedman
Friedman's methodological innovations were widely accepted by economists, but his policy prescriptions were highly controversial. Most economists in the 1960s rejected them, but since then they've had a growing international influence (especially in the U.S. and Britain), and in the 21st century have gained wide acceptance among many economists.
The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.
~ Friedman
It's not too late for us to listen... to change our public policies... to create the kind of near heaven on earth Mr. Friedman spent his life advocating. It's up to you - and your small group to change our world for the better, it always has been!..
Picture in your mind where America would be today - had we followed even a small number of Mr. Friedman's economic and public policy solutions. If you are being intellectually and soulfully honest - how does your heart feel about where we are today - because we should have known better?
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.