Archive for free markets

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Friedman: Unfettered Capitalism?

GMU Economics Department Chair Don Boudreaux writes:

Milton Friedman championed not unfettered markets, but markets fettered by competition and consumer sovereignty rather than by political diktats.  Friedman understood that fetters imposed by government are neither the only nor the best

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The “Pencil Video”

This is one of my very favorite clips of Milton Friedman, taken from his 1980 PBS documentary series ‘Free to Choose.’ (Watch it all for free on IdeaChannel.tv.) It discusses how trade can bring various peoples together–sometimes unwittingly–due… [Read the rest]

Free market vs. corporatism

Some people are fond of making the argument that the US has a free market economic system today and that the way in which the government has “reformed” Iraq’s economy, for example, is in the free market mold.

Nothing could… [Read the rest]

Friedman debates Naomi Klein

Milton Friedman Debates Naomi Klein, author of The Shock Doctrine: The Rise of Disaster Capitalism.

Courtesy of Copious Dissent