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 …

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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 …

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Episode 71 – Friedrich Hayek and James Buchanan Part 2 (Podcast)

Listen to the conclusion of this conversation between two of the most influential economists over the last half-century, Friedrich Hayek and James Buchanan. Centered around the American Constitution, some of these views remain as controversial now as they did when it was originally recorded, over forty years ago. Originally Recorded: 1978

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Episode 70 – Friedrich Hayek and James Buchanan Part 1

Two of the greatest economic minds over the past 50 years, Friedrich Hayek and James Buchanan, sound off in Part 1 of this 1978 recording covering the American Constitution, the role of government, and several other topics. Hear their unique perspectives that still resonate within our society over 40 years later. Originally Recorded:  1978

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Dead Wrong® with Johan Norberg – What Liberals Really Care About (VIDEO)

Classical liberals are obviously only concerned about individuals…right? Many people think so. But if you asked a classical liberal, the story would be dramatically different. In fact, the very theories developed by classical liberals were based on recognizing that humans are extremely social creatures. So how does this myth still exist, and why was it created?
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Dead Wrong® with Johan Norberg – Everything Wrong with Populists (VIDEO)

Do you think that famous populist leaders have been good for democracy in their countries? It turns out that populist leaders can have a very negative effect on the individual institutions that make up most democracies. As you’ll see, when people in power make decisions solely on what they believe is in the best interest of “the people”, that can lead to corruption and less real freedom for all.
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Episode 44 – Jennifer Roback (Podcast)

An open marketplace plays a part in more areas than most people realize. The role is often overlooked in the areas of segregation and discrimination. Supporters of free markets support the right to associate with whoever you wish, while at the same time abhor individual liberties being taken away based on race or an association to other groups. So where is the line? Can the two ever truly within a free market, absent of coercion? Originally recorded in 1987, economist Jennifer Roback had studied the economics of discrimination for years. What role does the free market have in alleviating discrimination? …

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Dead Wrong® with Johan Norberg – Mexican Immigrants (VIDEO)

When Mexico sends its people, they’re not sending their best. They’re sending people that have lots of problems. They’re bringing drugs. They’re bringing crime. They’re rapists.” Dead Wrong. In this short video clip, Free To Choose Media Executive Editor and Cato Institute Senior Fellow Johan Norberg explains.
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Episode 43 – Self-Interest (Podcast)

Individuals act on self-interest. No, that doesn’t mean that people are only motivated by selfish materialism. It comes down to an understanding that actions made today will have consequences tomorrow. Those decisions drive our economy. They are based on the best choices someone can make today, which will provide the best future for themselves and their loved ones. So where do charity and altruism fit into that economic worldview? Nobel laureate Dr. Gary Becker says they play into each other more than people think, but an important distinction should be made, “Even a bunch of selfish individuals, under appropriate circumstances, …

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Episode 42 – Mystery Stories (Podcast)

We’ve all read a bad novel at one point or another. You’ve probably thought to yourself that you could do better. Well, you’re not alone. Writing a full novel can be a painstaking and time-consuming process. It’s more difficult than people think, but not impossible. Have you ever wondered exactly what goes into writing some of your favorite novels? The frustrating, satisfying, and therapeutic properties of the writing process are all covered by a panel of authors in this week’s podcast. Author, Joe McNamara explains how his personal experiences fueled his writing, “My characters were able to say things about …

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