Milton Friedman on Libertarianism (Part 3 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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[pureaggression]

Friedman is the Chuck Norris of logic.

[grav04330]

Why is it so hard to imagine none or extremely minimal government? Because it's crazy and impossible? Or because we've been taught our whole lives that we need government regulation to survive and be safe? When did you ever hear this debate growing up?

[stankmaw]

I wish I could have studied under Friedman

[scotty2hotty240193]

I like the chuckle at obesity by friedman

[mrburdick20]

@subtlecat

"It was general people that were creating Jim Crow laws. Less government there? "

Yes, Laws are government dictates. Less govt = no Jim Crow Laws! Govt has no business trying to regulate race relations! Typical case of too much govt.

"So he would rather that there would have been no laws at all and lynch mob mentality reign without the officiality of law but people do whatever they want anyway?" NO!Violence aginst others should always be prohibited.

He is right on here.

[subtlecat]

@bradleyrimbleus

That.. was.. amazingly bad. I haven't heard anything so worthy of a facepalm in a long time as this stance on civil rights. I was actually embarassed for his sake. It was general people that were creating Jim Crow laws. Less government there? So he would rather that there would have been no laws at all and lynch mob mentality reign without the officiality of law but people do whatever they want anyway? It was government that had to shove its foot up local gov's ass to stop it

[ElJefer]

@DivinelyMochaDipped "It's like ya'll honestly and truly believe that government is the only flawed entity and that people will behave appropriately simply because they don't have law telling them otherwise." Straw Man. There are many reasons why people would behave without government regulation, including injury, incarceration, road safety under private control, etc. You seem to think in terms of 2 possibilities: government or nothing. That's a narrow-minded view.

[bradleyrimbleus]

"Now let me move to another case, and this one I think is pretty though for libertarian, alright. So you're allowed to take a deep breath before I hit you with this one, alright. Civil rights."

Then it turns out it's one of the strongest case for libertarianism.

roflmao

Roflmao

[evolutionist101]

@DivinelyMochaDipped Uhhh, the PEOPLE make the laws and through GOV'T, we enforce them. He made an assertion that we are against all GOV'T regulation, and uses some strawman argument about DUI laws. So NO...he doesn't know what he's talking about. We must secure Liberty through laws that don't violate the Liberty of others. That is one of the roles of GOV'T. The reason don't agree, is because I'm 100% right.

[DivinelyMochaDipped]

@evolutionist101

he does know what he's talking about. u just don't agree. Someone drunk driving would recklessly endanger the safety and liberty of others.<---Exactly. But without GOVERNMENT REGULATION and laws that target drunkenness in public, others ARE vulnerable to the irresponsibility of others...It's like ya'll honestly and truly believe that government is the only flawed entity and that people will behave appropriately simply because they don't have law telling them otherwise. NO.

[evolutionist101]

@GAAwudu You simply don't know what you're talking about. Someone drunk driving would recklessly endanger the safety and liberty of others. Friedman would never support that. Nor do his ideas.

As for Central Park, He never said the Park wouldn't be sold. He made a correct statement that if it was Privately owned, it would be a nicer, safer place because people take care of what belongs to THEM.

[evolutionist101]

@SkepticThink You nailed it.....