The welfare state arises from the attempt to do good with other people’s money. Such attempts always fail because nobody spends someone else’s money as carefully as their own. Those spending the money use force to collect it and to ensure those receiving it use it for the ”right” purposes. Good intentions are corrupted by bad means. In today’s podcast, “From Cradle to Grave,” Friedman visits the U.S. and Britain to explore these topics.
Today’s podcast is “From Cradle to Grave,” volume four of the ten-part public television series Free To Choose.