Milton Friedman was born on this day, July 31, in 1912, and he would have been 102 years old today. Unfortunately, Milton died on November 16, 2006 when he was 94 years old. In an editorial in the Wall Street … read more
In the short video above, Milton Friedman discusses the fallacy of doing good with other people’s money, and explains why that means that the welfare state at its core is a philosophy of violence and coercion.
The thousands of Milton and Rose Friedman fans out there will be happy to know about the Hoover Institution’s “Collected Works of Milton Friedman” project showcasing the lifetime work of Milton and Rose Friedman. Maybe “happy” would an understatement, and … read more
Inspired by this post at Cafe Hayek featuring a video of Milton Friedman discussing “equal pay for equal work” legislation, I found another classic video of Milton Friedman making his case against “equal pay for equal work” laws.
… is from Milton Friedman writing in the introduction of his 1962 book “Capitalism and Freedom“: In a much quoted passage in his inaugural address, President Kennedy said, “Ask not what your country can do for you — ask what … read more
Shika Dalmia wrote in 2009 (“Breaking the AMA Monopoly“): Milton Friedman warned back in 1961 that the American Medical Association was a government-sanctioned guild or trade cartel that would raise health care costs and diminish quality. Today, most economists agree … read more
In the video above, Milton Friedman makes the case that: There is no special role for government in the medical care field at all. There is the same role for government in this area, as there is in every other … read more
In the classic Milton Friedman video above, he explains why less government intervention, not more government intervention, is the most effective way to protection consumers against monopoly power. He also answers one of his favorite questions: What one law would … read more
Well, actually Milton Friedman was responding to a question from Phil Donahue in 1979 about poverty, greed and capitalism, but Friedman’s response could have just as easily been directed at Pope Francis’s recent anti-capitalist comments. Amazingly, the clip above has … read more