Free to Choose by Milton Friedman: Episode “Created Equal” (Part 6 of transcript and video)
02 May 2019 Leave a comment
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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How Mrs Thatcher smashed the Keynesian consensus
02 May 2019 1 Comment
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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Margaret Thatcher’s economic legacy | The Economist
02 May 2019 Leave a comment
in budget deficits, business cycles, economic growth, economic history, economics of bureaucracy, economics of regulation, fiscal policy, global financial crisis (GFC), industrial organisation, labour economics, macroeconomics, monetary economics, privatisation, property rights, Public Choice, unemployment, unions Tags: British politics, Margaret Thatcher
Richard Clapton – Get Back to The Shelter – Countdown 1980
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Three cheers for @Facebook and free speech
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in economics of media and culture Tags: free speech
When will there be a similar PG-21 disclaimer on Das Kapital?
01 May 2019 Leave a comment
in economic history, history of economic thought, liberalism, Marxist economics Tags: free speech, political correctness, regressive left
FRIEDMAN FRIDAY Listing of transcripts and videos of “Free to Choose” episode 4 – From Cradle to Grave on www.theDailyHatch.org
01 May 2019 Leave a comment
In the last few years the number of people receiving Food Stamps has skyrocketed. President Obama has not cut any federal welfare programs but has increased them, and he has used class warfare over and over the last few months and according to him equality at the finish line is the equality that we should all be talking about. However, socialism has never worked and it has always killed incentive to produce more. Milton Friedman shows in this film series below how so many people get caught in the “Welfare Trap.” Friedman also gives a great solution to this problem in the “negative income tax.” I am glad that I had the chance to be studying his work for over 30 years now.
In 1980 when I first sat down and read the book “Free to Choose” I was involved in Ronald Reagan’s campaign for president and excited about the race. Milton Friedman’s books…
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