The Loss Of Individual Liberty

Peter Robinson writes in Forbes “All that the nation's founders understood two centuries ago about the imperative of limited government, all that we learned from the long struggle between collectivism and free markets during our own time--all this could soon simply evanesce”.

Before this conclusion he also wrote “Academia as a whole may have continued its long, sorry wobble to the left, I continued, but the economics profession had proved an exception, moving the other way. Departments of economics across the country now grasped the importance of free markets. "Mises, Hayek, Stigler and you," I told Friedman. "You've transformed the intellectual climate. You've won."

Friedman shook his head. "We may have won the intellectual battle," he replied, "but in practical politics, it's difficult to see that we've had any effect at all."

Lack of belief in freedom= lack of life, liberty and property.

As Milton Friedman put it, "A major source of objection to a free economy is precisely that it ... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself. "

Is from the Corner Nationalreview

 

Klein is dead wrong about Friedman

Since the evolution of civilisation the word freedom and economic reforms become inevitable for human freedom.

Here is an interesting article “Defaming Milton Friedman” by Mr Johan Norberg in Reason. Professor Milton Friedman’s contribution is immense in the twentieth centaury.   

Klein wrote “that Friedman acted as "adviser to the Chilean dictator."…… in fact, Friedman never worked as an adviser to, and never accepted a penny from, the Chilean regime. He even turned down two honorary degrees from Chilean universities that received government funding, because he did not want to be seen as endorsing a dictatorship he considered "terrible" and "despicable." He did spend six days in Chile in March 1975 to give public lectures, at the invitation of a private foundation. When he was there he met with Pinochet for about 45 minutes and wrote him a letter afterward, arguing for a plan to end hyperinflation and liberalize the economy. He gave the same kind of advice to communist dictatorships as well, including the Soviet Union, China, and Yugoslavia”. 

 

One has to live by Chandra

“I cannot think of him without an inadvertent smile rising to my lips. He was as quick of wit as of mind” wrote Milton Friedman to his long friendship with George Stigler.   

Further, “Stigler regarded economic theory, in the words of Alfred Marshall, as "an engine for the discovery of concrete truth,"

Many more interesting read it full article here though both of them no more today.

I am immensely benefited by Milton Friedman writings including this one which I read first today!