To celebrate the 40th Anniversary of Free To Choose, we are sharing some of Milton Friedman’s most compelling talks. In this original recording from 1978, the question asked is what is wrong with the welfare state? 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 …
Tag: Free To Choose
Episode 80 – Milton Friedman Speaks – “The Role of Government in a Free Society” (Podcast)
To celebrate the 40th Anniversary of Free To Choose, we are sharing some of Milton Friedman’s most compelling talks. In this original recording from 1978, the question is what is the role of government in a free society? 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 …
Episode 79 – Milton Friedman Speaks – Is Capitalism Humane? (Podcast)
To celebrate the 40th Anniversary of Free To Choose, we are sharing some of Milton Friedman’s most compelling talks. In this original recording from 1978, the question asked is, “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 …
Episode 78 – Morality of the Free Market (Podcast)
Critics of the free market system often point out that it is an unfair system due to it leaving some with wealth at the expense of oppressing others. What those critics often ignore is that exchanges in this economic structure are voluntary. Each side comes out of the interaction with their desired result. Since the seller is amassing wealth by helping others get the goods and services they need, isn’t that more moral than proposed socialist solutions? When it comes to the relationship between morals and economics, Dr. Walter Williams has this to say, “Unless you believe that there’s a …
Celebrating Milton Friedman and Free To Choose
40 years ago, the U.S was in an economic recession, an Asian country was beginning to dominate world manufacturing, and the era of big government and socialism surely looked like it would emerge as the winner through the Soviet Union.
In less than 10 years, we beat back the tide and ushered in a new era of freedom and prosperity based on good old U.S. capitalism. Thank you, Milton Friedman.
Today we launch a celebration of the 40th Anniversary of the original Free To Choose – a television series that literally changed the world. This program remains one of the most profound and accessible conduits to the ideas of personal and economic freedom and serves as a touchstone to anyone seeking to recreate the recipe for peace and prosperity.
Our nonprofit organization, Free To Choose® Network, was born of this series. Bob Chitester created the concept for the original project with Milton Friedman, and our team has since spent decades telling stories that emphasize these basic principles for the benefit of a free society.
Now, more than ever, we could use a great communicator to re-introduce a new generation to these ideas. Why not use the best that ever was? Milton Friedman himself. I’m inviting you to follow us online over the next 10 weeks while we release clips, animated shorts, behind the scenes stories, and some new twists that will answer the age-old question, “What would Milton Say?”
It will be all Milton and it’s our pleasure to share and celebrate his timeless ideas.
Watch, ENJOY, and please share – especially with the next generation.
Rob Chatfield
President & CEO
Dead Wrong® with Johan Norberg – How to Create Monopolies (VIDEO)
The laissez-faire idea of perfect competition is a pipe dream. Instead, we see more concentration, more monopolies, and we need more regulation to stop it. Dead Wrong®. More barriers to entry only scare new companies away and actually prevent competition. Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg explains why.
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Dead Wrong® with Johan Norberg – Are We Stuck in Bubbles? (VIDEO)
No one listens to anyone else online. We are stuck in our internet bubbles, where we only hear things that reinforce our old beliefs. Well, that might be the consensus among your friends, bubble boy. But that whole idea…is Dead Wrong®. See why logging on throws that logic way off with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Dead Wrong® with Johan Norberg – Hunting & Gathering Truth (VIDEO)
Our hunter/gatherer ancestors were lucky. They didn’t have to work more than 12 to 19 hours a week for food, they had decent health, and many were peaceful. It seems like mankind’s happy childhood. Dead Wrong®. That argument conveniently leaves out several factors as discussed by Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Dead Wrong® with Johan Norberg – Generational Injustice (VIDEO)
Generation X, and even more the Millennials, arrived too late. Our parents’ and grandparents’ generations took all the good jobs with high incomes. There’s nothing left for us. Dead Wrong®. Find out what has really happened to income over the years from Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Dead Wrong® with Johan Norberg – Protecting from China’s Pirates? (VIDEO)
Intellectual property. It’s one of the most important things to protect. And when an international power like China is producing products that are seemingly stolen from abroad, we feel the need to protect ourselves with tariffs. Johan Norberg explains that this has happened all throughout history with many countries including the United States. What we know for sure is that the trade war doesn’t protect us, it hurts us. But is it possible that our best protection could be our current trade enemy?
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