Milton Friedman on Freedom vs. Tyranny and Misery

Milton Friedman on Freedom vs. Tyranny and Misery

The following it is a precious presentation by economist Milton Friedman on Freedom vs. Tyranny and Misery: A marvelous, short primer on the psychology of conservative economics and why it works so well.

When he addresses disastrous governmental spending, he attributes it to good people wishing to do good things for others.

I will not be so charitable. Governmental officials too commonly seek power in dispensing the goods, services, and money of others. These goods, services, and monies are coerced (in the name of fairness) from productive citizens and given to the politician’s growing dependent voting constituency.

Another reason I will not be so charitable is that socialism is an anathema to free societies. It kills them without fail. President Obama is a progressive socialist and will stop at nothing (see Rules for Radicals, by Saul Alinsky) to “transform America” to that form of tyrannical misery. To give him a pass on this, because he “means well”, is similar to advocating the bleeding of sick patients because they have high fevers. Similarly; progressivism, socialism, and communism are ignorant treatments that kill the patient.

My readings inform me this is practice of dispensing largess to gain political power and control dates back to the oldest of recorded times.

Friedman argues that this is one of the factors that limits successful sociocultures to lives not much longer than 150 to 200 years, before their decline.

The truth will set you free, but first it will make you miserable.

You must watch this video and send it to everyone you know and care about.

Tom Mawhinney,  5/19/13

P.S., Thanks to Lee Hornack for sending this important video to me.

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