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Free to Choose by Milton Friedman: Episode “Created Equal” (Part 6 of transcript and video)

The Daily Hatch

Liberals like President Obama want to shoot for an equality of outcome. That system does not work. In fact, our free society allows for the closest gap between the wealthy and the poor. Unlike other countries where free enterprise and other freedoms are not present.  This is a seven part series.

Created Equal [6/7]. Milton Friedman’s Free to Choose (1980)

(Laughter)

PIVEN: If you look at the leadership of the black __

(Applause)

FRIEDMAN: But I want to go back to the __

MCKENZIE: Yeah.

FRIEDMAN: __ I want to carry it back to an earlier point. Number one, there’s no question but what equality of results, if it comes about through a framework of freedom, is a desirable result. Number two, I argue in the film I’ve argued here that in point of fact you get greater equality of actual results by a system under which people are free to achieve unequal…

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Foster Brooks Roasts Ralph Nader Man of the Week

How Mrs Thatcher smashed the Keynesian consensus

Greg Ip

Apr 9th 2013, 14:13 by G.I. | WASHINGTON, D.C.

[Greg Ip] In March 1981, 364 eminent British economists published a letter to Margaret Thatcher in The Times condemning her plans to hike taxes even as her monetarist attack on inflation plunged the economy ever deeper into recession. The signatories wrote:

There is no basis in economic theory or supporting evidence for the Government’s belief that by deflating demand they will bring inflation permanently under control and thereby induce an automatic recovery in output and employment … [P]resent politics will deepen the depression, erode the industrial base of our economy and threaten its social and political stability.

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