Milton Friedman on Libertarianism

(Part 1 of 4)


(Part 2 of 4)

  
(Part 3 of 4) 


(Part 4 of 4)


What are the elements of the libertarian movement and how does one of its most illustrious proponents, Milton Friedman, apply its tenets to issues facing the United States today? Milton Friedman, Senior Research Fellow, Hoover Inst., Nobel Laureate in Economic Sciences discusses how he balances the libertarians' desire for a small, less intrusive government with environmental, public safety, food and drug administration, and other issues.

This is a 4 part video. Here are the links to all 4 parts.

Part 1 - http://www.youtube.com/watch?v=0PaN9M4WwHw (7:21)

Part 2 - http://www.youtube.com/watch?v=KUDV0YII6lk (7:42)

Part 3 - http://www.youtube.com/watch?v=zhgy0ymD-NI (4:31)

Part 4 - http://www.youtube.com/watch?v=64mr-cjxZfU (5:59)

Use this link to watch all 4 parts back to back in one playlist: http://www.youtube.com/cp/vjVQa1PpcFNgJPmAJf6QfTiTZYOFo2hLronsqh_lzzs=

Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science, was a senior research fellow at the Hoover Institution from 1977 to 2006. He passed away on Nov. 16, 2006. He was also the Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976, and a member of the research staff of the National Bureau of Economic Research from 1937 to 1981.

Recorded February 10, 1999. Please see the end of Part 4 for all of the credit and ownership information.

Frances Fox Piven vs. Milton Friedman, Thomas Sowell

For more great videos of Milton Friedman, check out his website: Free To Choose










In these clips from the 1980 Free To Choose, socialist Frances Fox Piven tangles with Milton Friedman and Thomas Sowell. Sowell, in particular, is incisive with his discussion of "process" versus aspiration -- concluding that whatever the purported social goals, liberty suffers.

MEET MILTON FRIEDMAN~NOBEL PRIZE WINNING ECONOMIST

Milton Friedman PBS Free to Choose 1980 
Vol 1 of 10 

Power of the Market

To view the other films, please check out the Milton Friedman website: Milton Friedman


Milton Friedman Quotes:
"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."

"Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property."

"Governments never learn. Only people learn."

"So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not"

"The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom."

"Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another."

"Underlying most arguments against the free market is a lack of belief in freedom itself."

"What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system"

"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition."

"The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both."