American Elephants

A Little History: Milton Friedman on Greed. by The Elephant's Child

Fun to reach back a bit in history, and this is probably quite a ways back to judge by the length of Donahue’s hair. It is a good example of the quintessential liberal v. conservative question, though Milton Friedman would probably balk at being called a conservative —he was a libertarian.  Most conservatives would agree with his point of view on capitalism.  Nothing has changed. Liberals still say such silly things and regard the idea that greed is good with bewildered horror.

Here’s another quote from Milton Friedman: (He was very quotable).

A society that puts equality — in the sense of equality of outcome —ahead of freedom will end up with neither equality nor freedom.  The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.

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I also strongly recommend Frederic Bastiat’s “The Law.” The link below is to an on-line translation with a forward written by Walter Williams.

Click to access The_Law.pdf

I’ve featured this book in a few of my posts. It is not a long work, but it is outstanding.


Comment by zeusiswatching

Thanks, Zeus, I bookmarked it.


Comment by The Elephant's Child

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