Episode 5 – Milton Friedman Speaks – What is Wrong with the Welfare State? (Podcast)
The welfare state is an attempt to “do good” with someone else’s money. The aim may be worthy but the means are faulty. The problem is that you do not spend someone else’s money as carefully as your own. More to the point, it’s impossible to “do good” with someone else’s money without first taking it away from someone else. That implies coercion—the use of bad means to corrupt the good ends of the welfare state. Welfare programs implicitly encourage competition for government funds and create unfortunate divisions and antagonisms in our society that erode individual freedom. We must find …
Dead Wrong® with Johan Norberg – Do Screens Make Worse Surgeons? (VIDEO)
Dead Wrong® with Johan Norberg – Is Free Trade Unpopular? (VIDEO)
Episode 4 – Milton Friedman Speaks – The Role of Government in a Free Society (Podcast)
If we are to define the role of government in a free society, we must first specify the needs a government is expected to provide. Defense from foreign enemies and protection of property, including the enforcement of private contracts, are clearly legitimate functions of government. But when we come to two other functions of government—providing a substitute for voluntary cooperation when it appears impossible to achieve, and providing for irresponsible individuals— the justification is much less clear-cut. In a free society people should be able to take risks but should not be able to force others to pay the consequences. …
Dead Wrong® with Johan Norberg – Will the Robots Kill Us? (VIDEO)
THE ROB REPORT: The Sphere of Influence by Rob Chatfield
How to Travel with a Salmon. Out of thousands of tightly-packed titles on the shelves of a used book store in Prince Edward Island, what made this slender paperback jump out at my teenage daughter? A further dive shows how this simple act serves as a microcosm of what we strive for with our non-profit organization. It was not by accident that I took my daughter to a bookstore on vacation. We must first connect the teen audience to an arena where they can find serendipity. Exposing teens to “winning ideas” is where we excel and how we will win …
Episode 3 – Milton Friedman Speaks – Is Capitalism Humane? (Podcast)
Is Capitalism humane? According to Milton Friedman, the question is irrelevant. Capitalism per se is not humane or inhumane; nor is Socialism. If we compare the two in terms of results, it is clear that only capitalism fosters equality and works toward social justice. The one is based on the principle of voluntary cooperation and free exchange, the other on force of position and power. In a free economy, it is hard to do good. You either have to use your own hard-earned money to do it or work hard to persuade others to your course. But by the same …
Dead Wrong® with Johan Norberg – Colonialism: The West & the Rest (VIDEO)
Episode 2 – Milton Friedman Speaks – Myths That Conceal Reality (Podcast)
According to Milton Friedman, five myths cloud our perception of both the past and the present. (1) The “robber baron” myth which holds that in late nineteenth-century America there were powerful men who became rich at the expense of the poor. The reality is that they became wealthy by being productive, and that there is no other period in history which saw such a rapid and widespread improvement in the well-being of the average individual. (2) The myth that the Great Depression was caused by a failure of business. It was, in fact, produced by a failure of government and …