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=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

[JoKo203]

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. 

[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.

[Gurimbom]

The absolute truth. Market-environmentalism ftw!

[Pierre-Alexandre Crevaux]

According to Walter Block, a real libertarian, free market answer to air pollution would be property rights. If a factory is polluting the air and dirtying your white shirt, you could get a court injunction to force the factory to stop emitting pollutants. It's a case between the factory, yourself, and the courts. No state is needed

[FIGHTFANNERD- is Back]

calm down communist

[jaama20]

This is nothing but an informational, this is not a debate , don't fooled.

[BigQuads]

Only the left wings of the US and Canada use the term liberal to mean left wing. It means the opposite of what It means here EVERYWHERE else. I tend to thing this is purposeful and Orwelian.