Milton Friedman on government-controlled economy

Milton Friedman on the Donahue show
January 5, 1979

Friedman, shows why he is unsurpassed in modern times in defending liberty. He cheerfully decapitates the ideas of a government-controlled economy, over a wide range of examples. His layman’s explanation as to how government intervention and the Federal Reserve control of the money supply helped cause the Great Depression is simply outstanding.

 

Milton Friedman
American Economist
Milton Friedman was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. 

If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand. 

 

Born: July 31, 1912, Brooklyn, New York City, NY
Died: November 16, 2006

 

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