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| Just how was Social Security sold to the American people? A look back in time with commentary by Milton Friedman and Walter E Williams. http://www.LibertyPen.com | |
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| Just how was Social Security sold to the American people? A look back in time with commentary by Milton Friedman and Walter E Williams. http://www.LibertyPen.com | |
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| Professor Milton Friedman gives a fascinating conjecture on the "Golden Ages" of different societies throughout history. He also points out the fundamental flaw inherent in every welfare state. Excerpt from "The Open Mind" - A Nobel Laureate on the American Economy (1977) | |
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| In response to a question, Professor Freidman discusses the line between persuasion and coercion. http://www.LibertyPen.com | |
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| The welfare state arises from the attempt to do good with other people's money. Such attempts always fail because: Nobody spends somebody else's money as carefully as his own. Welfare is supply driven. Those spending the money use force to collect it and to insure those receiving it use it for "right" purposes. Good intentions are corrupted by bad means. Friedman visits U.S. and Britain. | ||||||||||||
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| Professor Friedman looks beneath the surface of third party effects to reveal the an important lesson about the nature of both capitalism and government. http://www.LibertyPen.com | ||||||||||||
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