Rediscovering Friedman’s Capitalism and Freedom

Mostly Economics

Peter Lewin reminds how Friedman questioned JFK’s famous words against all odds:

I first read the following paragraph as a nerdy college student sometime between 1966 and 1968:  

In a much quoted passage in his inaugural address, President Kennedy said, ‘Ask not what your country can do for you – ask what you can do for your country.’ It is a striking sign of the temper of our times that the controversy about this passage centered on its origin and not on its content. Neither half of the statement expresses a relation between citizen and his government that is worthy of the ideals of free men in a free society.”

This is the first paragraph of chapter one of Milton Friedman’s classic little book Capitalism and Freedom (C&F), first published by the University of Chicago Press in 1962, and since republished numerous times unaltered. The italics are mine.

I credit this book, more…

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About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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