Milton Friedman | Theory, Education & Nobel Prize

Opinion: Milton Friedman on What Drives Economic Progress

Capitalism and Freedom, Milton Friedman

Milton Friedman was in favor of free US trade deals of the 1980s and Steven Cohen advocates Japan's and now China's economic policies of higher tariffs and state subsidies. During the 1990's Milton Friedman's policies were proven right. In the 1990's America had massive economic growth and higher wages. We were the second most free market country in the world now we are 18th. While Japan has had two decades of stagnating wages and expensive state companies that it cannot eliminate without massiv

According to Milton Friedman, the United States almost went the way of many other countries at the end of a revolution—toward a military-controlled government. Fortunately, George Washington chose otherwise. In this lecture from a 1987 California Libertarian Party conference, Friedman discusses whether the United States is still a free society compared to other parts of the world and how often individuals underestimate the fragility of freedom. Watch the entire video at the link below. | Liberta