Milton Friedman on Libertarianism (Part 2 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=0PaN9M4WwHw (7:21)

Part 2 - http://www.youtube.com/watch?v=KUDV0YII6lk (7:42)

Part 3 - http://www.youtube.com/watch?v=zhgy0ymD-NI (4:31)

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

Use this link to watch all 4 parts back to back in one playlist: http://www.youtube.com/cp/vjVQa1PpcFNgJPmAJf6QfTiTZYOFo2hLronsqh_lzzs=

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.

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[skydark]

@Porojukaha "We should no longer call them liberals, we should call them pinkos or commies"

Wouldn't go that far, but certainly social-democrats...which, like communism, doesn't work, but it does take longer to show its nefarious effects. 

[evolutionist101]

@NateC0le "Isn't one of the strong incentives for drug companies to sell rigorously tested drugs the very existence of the FDA?"

Yes. However, Constitutionally speaking, It should be a State Power, not a FED GOV power.

[RESTxINxPIECEZ]

what about the air? for fuck sakes people, there 30 million people in california, that 30 million people to decide what about the air. you dont need 1 person in washington to decide what 30 million people want their air to be like. fuck, liberals and their regulation bullshit. like they forget what their own voice can do.

[Nosaltypeanut]

Milton Friedman and race

[JoKo203]

@skydark The Left has lifted the liberal moniker from us I believe just to spite us. Jefferson and the other Founding Fathers used the term liberal and liberty many times, when did Engels or Marx or any of the early Socialists ever use it?  I'd be interested to know. They don't want liberty and the liberal philosophy, they want complete control.

[astroboomboy]

@RestAssuredDrummer I should have viewed the vide on those terms, I guess I need to stop thinking of interviews and lectures as actually giving an in-depth knowledge of the issues I want to learn about, but rather a superficial glance in order to spark an interest. I admit, I was to judgmental. What book would you recommend me to read by Friedman? I'm not an economist, but I have a knowledge of math, so I think I would be able to read his works on a technical level.

[RestAssuredDrummer]

@astroboomboy i believe the purpose of this interview was at least partly to familiarize people who had not read Friedman's books with his views - to give them a taste of what was in them so they could decide whether they were interested in reading them or not

[ShrugMeSilly245]

Friedman is Libertastic!

[astroboomboy]

This interview is terrible, the questions are not challenging at all, and all the answers are subjects that Friedman had written about in his books. A good interviewer would really challenge his position so that someone with a different framework could be convinced, and not just a group of libertarians petting each others shoulders.