Confession: I have gone my entire adult political life without reading or listening to Milton Friedman. I agree with his political economics (because Reagan did), but my experience with him is second-hand. After watching this, I need to go find a copy of Capitalism and Freedom and read it.
This interview is from December 1975, but it's funny/sad that, with the exception of a handful of data points (ie. minimum wage at $2.50), Friedman could very well be describing the political and economic climate of today. The clip is 28 minutes long, but well worth it.
Potent Quotables (updated periodically)
- "If you like sausages and laws, you should never watch either one of them being made." -- Otto von Bismarck
- "God who gave us life, gave us liberty. Can the liberties of a nation be secure when we have removed a conviction that these liberties are the gift of God? Indeed I tremble for my country when I reflect that God is just, that his justice cannot sleep forever." -- Thomas Jefferson
- "The best way to prove a stick is crooked is to lay a straight one beside it" -- FW Boreham
- "There are two kinds of people in the world. Those who walk into a room and say, 'There you are' and those who say, 'Here I am'" -- Abigail Van Buren
- "It was not political rhetoric, mass rallies or poses of moral indignation that gave the people a better life. It was capitalism." -- Thomas Sowell
Wednesday, February 25, 2009
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