Milton Friedman on Libertarianism (Part 4 of 4)

What are the elements of the libertarian movement and how does one of its most illustrious proponents, Milton Friedman, apply its tenets to issues facing the United States today? Milton Friedman, Senior Research Fellow, Hoover Inst., Nobel Laureate in Economic Sciences discusses how he balances the libertarians' desire for a small, less intrusive government with environmental, public safety, food and drug administration, and other issues.

This is a 4 part video. Here are the links to all 4 parts.

Part 1 - http://www.youtube.com/watch?v=0PaN9M... (7:21)

Part 2 - http://www.youtube.com/watch?v=KUDV0Y... (7:42)

Part 3 - http://www.youtube.com/watch?v=zhgy0y... (4:31)

Part 4 - http://www.youtube.com/watch?v=64mr-c... (5:59)

Use this link to watch all 4 parts back to back in one playlist: http://www.youtube.com/cp/vjVQa1PpcFN...

Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science, was a senior research fellow at the Hoover Institution from 1977 to 2006. He passed away on Nov. 16, 2006. He was also the Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976, and a member of the research staff of the National Bureau of Economic Research from 1937 to 1981.

Recorded February 10, 1999. Please see the end of Part 4 for all of the credit and ownership information. I am posting this video to further spread the Ideas and knowledge of Milton Friedman. It is only through implementing his ideas that we will preserve that which the founding fathers established.

• Category

  News & Politics

[PrivateAckbar]

I wan't to fucking cuddle Milton Friedman.

[vagabond197979]

Friedman has no incentive other than the search for truth.

[Niraj Poudel]

I agree, that at first glance it seems prudent to have the government set a department to take care of it. And I also think that as soon as the government decides to give it to the Indians or whoever, it would seem to me that they (the bureaucrats) are again picking sides and favoring one group of people over the other (no matter how disenfranchised). Which I believe would be against the libertarian philosophy that Milton Friedman embodies. In my humble opinion. I welcome your opinion on this.

[Tanner Ellsworth]

What do you think about that idea? What other solutions could there be? I think it would be a good idea to give a lot of federal land to state and local governments, and from there to Indian tribes or non-profit organizations. What about places like Yellowstone or the Grand Canyon. though? I think that the Government does have the responsibility to really protect these public goods. Any other solutions to that issue that you can think of?

[Tanner Ellsworth]

This is my only sticking-point, too. I think it's OK to agree with a genius like Milton Friedman on 99% of things, and disagree with him on something very important like this- albeit while still espousing the values that he teaches in these interviews. To get the issue, though: I think that there are some things that individuals should not own. However, giving them to interested parties to take care of would be a good idea. For example, I would favor lots of Gov land going back to the Indians.

[Niraj Poudel]

As a budding libertarian..I cannot wrap my mind around closing the department of the interior..as in sell off the land owned by the federal government. Can anyone provide an argument against, "who is to say that after selling the parks and recreation spaces, that the private enterprise isnt going to build massive hotels and cities on those lands for profit?"

[Pierre-Alexandre Crevaux]

That Jack Kemp proposal of selling public housing units to current inhabitants for a dollar the piece sounds amazing. We haven't had such a Sectary of Housing and Urban Development for a long time

[MrTokyojose]

Am I wrong, or was the FED not mentioned? It would have been nice to hear him justify the FEDs existence.

[hjillagen]

it's not a debate, it's an interview

[nate rand]

Absolutely, and he went further than just the bare bones economics. He made it an art, a philosophy...he was a modern day Aristotle. A great teacher. I think he would have made a great politician with his tremendous following he would've had some success, but then I think that that would've killed his being a good natured humanist as he was..He was a libertarian before they had a name for it...

[yunged .]

As far as economists go i think the greatest :-)

[RoosterCogburn1008]

An entirely privatized education system would work better than a private vs. public system. I'm just trying to be as realistic as possible, in saying a completely private system won't be enacted.