The
Power of the Market
America's freedom and prosperity derive from the combination of the
idea of human liberty in America's Declaration of Independence with the
idea of economic freedom in Adam Smith's Wealth of Nations. Friedman
explains how markets and voluntary exchange organize activity and
enable people to improve their lives. He also explains the price
system. Friedman visits Hong Kong, U.S. and Scotland. 60 min.
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Free to Choose
The
power of Choice
---
In
this inspiring
TV-series Nobel Prize
laureate Milton Friedman
gives his ideas
on liberty, on free market economics, on limited government,
limited public spending and low taxes. It is a severe critic of
interventionist government policies and their cost in personal freedom
and economic efficiency. The TV series
is a complement to his masterpiece book of the same name
co-authored with
his economist wife, Rose Friedman. The series
includes debates
with dissenting economists. It’s an instructive lesson in
forensics and a lasting source
of inspiration. Commented by Arnold
Schwarzenegger, Ronald
Reagan, George Schultz, David
Friedman and many others... Download the 10 episodes for free
here.
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The
Tyranny of Control
Government planning and detailed
control of economic activity lessens productive innovation, and
consumer choice. Good, better, best, are replaced by "approved" or
"authorized." Friedman shows how "established" industries or methods,
seek government protection or subsidization in their attempts to stop
or limit product improvements which they don't control. Friedman visits
India, Japan and U.S. 60 min
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Freedom
& Prosperity
The Great Depression has been popularly viewed as a failure of
capitalism. The stock market crash, the failure of the Bank of the
United States, loss of personal savings, were visible symbols
supporting this belief. As Friedman explains, the real cause was the
unseen failure of government policy and action. Yet this crisis
resulting from government failure leads to decades of government
expansion.
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The
Failure of Socialism
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. 60 min
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Created
Equal
The Declaration of Independence
says, "all men are created equal." Friedman explains that this did not
mean all persons should or will have equal talents or income. Equal
opportunity to better one's self, and the right to personally benefit
from the gains realized, are consistent with freedom. Equality of
results requires force. Taking from some to give to others destroys
freedom and removes the incentive for creating new wealth. Friedman
visits India, U.S. and Britain. 60 min
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What's
wrong with our schools
Parental choice and parental responsibility in the education of
children is the U.S. tradition and is consistent with a free society.
Centralized government control has eroded freedom and adversely
affected the quality of education. The poor help pay for education for
the future rich. Friedman has long advocated using vouchers to solve
the problem. He explains why. Friedman visits U.S. and Britain. 60 min
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Who
Protects the Consumer
Various government agencies have been created on the claim that they
will protect the consumer. These agencies restrict freedom, stifle
beneficial innovation, and become agents for the industries or groups
they are intended to regulate. Friedman explains how the apparent chaos
of the market place, the competition of many suppliers for business, is
the best protection of consumer interests. 60 min
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Who
Protects the Worker
Unions sometimes protect some workers - their members - but usually at
the expense of other workers. Government protects its employees and
special groups of workers at the expense of other workers. Both unions
and government restrict freedom. Friedman explains how the competition
of employers for the talents of workers leads to the highest wages and
best working conditions. 60 min
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How
to Cure Inflation
Inflation results when the amount of money printed or coined increases
faster than the creation of new goods and services. Money is a "token"
of the wealth of a nation. If more tokens are created than new wealth,
it takes more tokens to buy the same goods. Friedman explains why
politicians like inflation, and why wage and price controls are not
solutions to the problem. Friedman visits Japan, U.S. and
Britain. 60
min
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How
to Stay Free
Democracies have only recently been
considered desirable. Historically, it was feared that democracies
always self destruct when citizens, forgetting that you cannot remove
want and misery through legislation, insist on government actions that
physically and morally bankrupt their nation. Friedman explains why the
United States has so far avoided this outcome and how we can continue
to do so. This program includes an interview of Dr. Friedman by
Lawrence E. Spivak. 60 min
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Recommended reading :
The Legacy of
MILTON AND ROSE FRIEDMAN’S Free to Choose
Economic Liberalism at the Turn of the 21st Century
Conference Sponsored by the Federal Reserve Bank of Dallas October 2003
Milton
and Rose Friedman
more
about Milton and Rose Friedman here |
