Milton Friedman on Donahue 1979 (1/5) brittle13 2009-05-07 | 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. Playlist for all 5 videos: http://www.youtube.com/watch?v=E1lWk4TCe4U&feature=PlayList&p=E6A57682ACDD5263&index=0&playnext=1
The Normal State of Man: Misery & Tyranny brittle13 2009-11-24 | Professor Milton Friedman gives a fascinating conjecture on the "Golden Ages" of different societies throughout history. He also points out the fundamental flaw inherent in every welfare state.Excerpt from "The Open Mind" - A Nobel Laureate on the American Economy (1977)http://www.thirteen.org/openmind/public-affairs/a-nobel-laureate-on-the-american-economy/493
Capitalism, Socialism, and the Jews brittle13 2009-11-24 | Why have the Jewish people, who seem to have benefited greatly from capitalism, contributed disproportionately to socialist literature? Although the question remains unanswered, Dr. Milton Friedman, a secular Jew himself, offers some fascinating observations.Dr. Friedman gave a lecture entitled, "Capitalism and the Jews" at the University of Chicago in 1978. Listen here:http://www.law.uchicago.edu/audio/by/title/milton_friedman_capitalism_and_the_jewsFor a contemporary neoconservative point of view, read "Why Are Jews Liberals?" by Norman Podhoretz, also Jewish, in the Wall Street Journal:http://online.wsj.com/article/SB10001424052970203440104574402591116901498.htmlhttp://www.commentarymagazine.com/article/why-are-jews-liberals%E2%80%94a-symposiumhttp://pajamasmedia.com/ronrosenbaum/2009/09/08/why-are-jews-liberalsFrom the American Thinker:"The Anti-Defamation League pushes a leftist agenda in the guise of fighting anti-Semitism and bigotry."http://www.americanthinker.com/2009/11/antidefamation_league_runs_int.htmlAlso, FrontPage Magazine has a good article titled, 'See No Anti-Semitism, Hear No Anti-Semitism.' Read it here:http://frontpagemag.com/2010/03/01/see-no-anti-semitism-hear-no-anti-semitismExcerpt from "The Open Mind" - A Nobel Laureate on the American Economy (1977)http://www.thirteen.org/openmind/public-affairs/a-nobel-laureate-on-the-american-economy/493
Market Failures brittle13 2009-09-11 | From a lecture given by Dr. Milton Friedman at the University of Rochester in 1978.Excerpt from Milton Friedman Speaks: Lecture 05, "What Is Wrong with the Welfare State?"http://www.freetochoose.net/store/product_info.php?products_id=89
Bork and Hayek on so-called Intellectuals brittle13 2009-09-11 | A conversation between distinguished legal scholar Robert Bork and Nobel Prize winning economist Dr. F.A. Hayek.Entire interviews are now available here:http://hayek.ufm.edu/index.php?title=Category:Robert_BorkExcerpt from von Hayek, Friedrich & Robert Borkhttp://www.freetochoose.net/store/product_info.php?products_id=138
The Most Persistent Economic Fallacy of All Time! brittle13 2009-08-28 | From a lecture given by Dr. Milton Friedman in Erie, Pennsylvania (1978).This is essentially a restatement of the "parable of the broken window." This fallacy has been known since at least 1850 when French theorist Frédéric Bastiat published a pamphlet entitled, "That Which is Seen and That Which is Not Seen." You can read it here:http://bastiat.org/en/twisatwins.htmlIt was popularized in 1946 by economist Henry Hazlitt in an important book called, "Economics in One Lesson." According to economist Walter Block, the book was instrumental in converting him from communism to capitalism. (Incidentally, Block's book "Defending the Undefendable" was instrumental in converting John Stossel to libertarianism.) It can be downloaded for free from the Foundation for Economic Education here:http://www.fee.org/pdf/books/Economics_in_one_lesson.pdfDownload "Defending the Undefendable" by Walter Block here:http://mises.org/books/defending.pdfJohn Stossel has a nice little video of this fallacy under the guise of so-called "green jobs." Watch it here:http://www.youtube.com/watch?v=HNjAielBBG0Stossel also has a great article about this fallacy under yet another guise known as "Cash for Clunkers." Read it here:http://www.realclearpolitics.com/articles/2009/09/02/clunker_legislation_98131.html#From The Boston Globe (1 Sep. 10):"...the supply of used cars is artificially low, because your Uncle Sam decided last year to destroy hundreds of thousands of perfectly good automobiles as part of its hare-brained Car Allowance Rebate System — or, as most of us called it, Cash for Clunkers. That was the program under which the government paid consumers up to $4,500 when they traded in an old car and bought a new one with better gas mileage. The traded-in cars — which had to be in drivable condition to qualify for the rebate — were then demolished: Dealers were required to chemically wreck each car's engine, and send the car to be crushed or shredded.Congress and the Obama administration trumpeted Cash for Clunkers as a triumph — the president pronounced it "successful beyond anybody's imagination.'' Which it was, if you define success as getting people to take "free'' money to make a purchase most of them are going to make anyway, while simultaneously wiping out productive assets that could provide value to many other consumers for years to come. By any rational standard, however, this program was sheer folly."http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2010/09/01/clunkers_a_classic_government_follyAlso, a report from Edmunds shows that it cost American taxpayers $24,000 to give away $4,500!http://money.cnn.com/2009/10/28/autos/clunkers_analysis/index.htmFrom CNN Money / Fortune Magazine (17 Nov. 09):"Cash for Clunkers. It was a well-intentioned plan that was supposed to increase consumer confidence, spur fuel efficiency, jump-start the auto industry, and help create American jobs.Instead it disproportionately benefited foreign car companies, which create fewer North American jobs per auto dollar than the Detroit Three do. And sales came mostly from inventory, doing little to increase production and jobs.What's more, by junking clunkers, the program removed many low-end vehicles from the used-car market, running up prices for the lower-income people who'd normally buy them. So we hurt the people most in need of help, while throwing taxpayer dollars down the drain. "http://money.cnn.com/2009/11/16/news/economy/bad_business.fortune/index.htm?cnn=yes#The last paragraph above is the most important. A well-intentioned plan that hurt the very people it was intended to help? That's the only thing the government does consistently well! To find out one of the reasons why, watch this video:http://www.youtube.com/watch?v=uyW8US8qeDMFrom WaPo (22 Feb. 10):"A law hailed as the most sweeping piece of consumer legislation in decades has helped make it more difficult for millions of Americans to get credit, and made that credit more expensive."http://mjperry.blogspot.com/2010/02/distortionary-effects-of-regulations.html#linksThis video is an excerpt from Milton Friedman Speaks: Lecture 13, "Who Protects the Worker?"http://www.freetochoose.net/store/product_info.php?products_id=97
Voting Coalitions and Directors Law brittle13 2009-08-06 | The Robin Hood Myth: Dr. Milton Friedman explains why most government programs designed to help the poor ultimately benefit the middle-classes at the expense of the very people they were intended to help. This is Director's Law of Public Income Redistribution. Friedman also explains why the middle-classes receive no net benefit and may be worse off due to a fallacy of composition.Read George Stigler's article in "Chicago Studies in Political Economy" (Page 106):http://books.google.com/books?id=DPMjRvpmiJYCVideo excerpts from:Milton Friedman Speaks: Lecture 02, "Myths That Conceal Reality"http://www.freetochoose.net/store/product_info.php?products_id=86Milton Friedman Speaks: Lecture 05, "What Is Wrong with the Welfare State?"http://www.freetochoose.net/store/product_info.php?products_id=89
Milton Friedman on Equal Pay for Equal Work brittle13 2009-07-28 | The College of William & Mary (1978). Dr. Milton Friedman discusses so-called "equal pay for equal work" and explains how capitalism makes people pay for their prejudices.There Is No Male-Female Wage Gap:"A study of single, childless urban workers between the ages of 22 and 30 found that women earned 8% more than men."http://online.wsj.com/article/SB10001424052748704415104576250672504707048.htmlEqual Occupational Fatality Dayhttp://mjperry.blogspot.com/2011/04/next-equal-occupational-fatality-day-in.htmlLabor Market Gender Arbitrage: Multinational Corporations Profiting From Sexism By Hiring Female Talent in S. Koreahttp://mjperry.blogspot.com/2010/12/gender-arbitrage-mncs-profiting-from.htmlFrom Armen A. Alchian's entry in THE CONCISE ENCYCLOPEDIA OF ECONOMICS:"In a paper coauthored with Reuben Kessel, Alchian, who was himself subject to discrimination as an Armenian, and Kessel pointed out that discrimination was more pervasive in private firms whose profits were regulated by the government, and then explained that this is what the analysis of property rights would predict. Discrimination is costly—not just to those discriminated against, but also to those who discriminate. The discriminators give up the chance to deal with someone with whom they could engage in mutually beneficial exchange. Therefore, argued Alchian and Kessel, discrimination would be more prevalent in situations where those who discriminate do not bear much of the cost from doing so. A for-profit company whose profits are not regulated would see the cost of discrimination in its bottom line in the form of lower profits. A company whose profits are limited and that is already at the limit would face no cost from discriminating. Alchian and Kessel used this analysis to explain why regulated utilities discriminated against Jews and why labor unions discriminated against blacks. This analysis explains why Alchian has never trusted government—but has trusted free markets—to reduce discrimination."http://www.econlib.org/library/Enc/bios/Alchian.htmlThis excerpt is from Milton Friedman Speaks: Lecture 14, "Equality and Freedom in the Free Enterprise System"http://www.freetochoose.net/store/product_info.php?products_id=98In this lecture, at the 1:10 mark, he refers to a book published in 1964 called "The Economics of the Colour Bar: A Study of the Economic Origins and Consequences of Racial Segregation in South Africa" by William Harold Hutt. It can be downloaded for free from the Ludwig von Mises Institute:http://www.mises.org/books/colour.pdf
Responsibility to the Poor brittle13 2009-07-20 | Milton Friedman 1978. From a lecture given at Stanford University.Read about the racist minimum wage here:http://www.lewrockwell.com/williams-w/w-williams60.1.htmlhttp://www.youtube.com/watch?v=zMMN3UIQmEkhttp://www.lewrockwell.com/hornberger/hornberger180.htmlhttp://jewishworldreview.com/cols/williams041410.php3http://mjperry.blogspot.com/2010/03/minimum-wage-maximum-teenage.htmlhttp://cafehayek.com/2010/04/an-entrepreneur-and-the-minimum-wage.htmlhttp://mjperry.blogspot.com/2010/06/teenagers-silent-victims-of-minimum.htmlFrom Milton Friedman Speaks: Lecture 04, "The Role of Government in a Free Society"http://www.freetochoose.net/store/product_info.php?products_id=88
Liberty and Equality? brittle13 2009-07-18 | Milton Friedman 1978. From a lecture given at Stanford University.From Milton Friedman Speaks: Lecture 04, "The Role of Government in a Free Society"http://www.freetochoose.net/store/product_info.php?products_id=88
Free Trade and the Steel Industry brittle13 2009-07-15 | Dr. Milton Friedman gives a concise and lucid argument for international free trade at Utah State University in 1978.A common belief is that big companies will sell below cost to drive out their competitors and then raise their prices. This is a fallacy and there are few professional economists who believe otherwise. Historian Thomas E. Woods offers a simple explanation in this video: http://www.youtube.com/watch?v=V6dD-ifIr8sFor an example of the steel industry's anti-free enterprise rhetoric listen to Dan DiMicco, CEO of Nucor, one of the largest steel producers in the United States, during this interview with Lesley Stahl of '60 minutes'. In this example, just as Dr. Friedman professed, Nucor benefits at the expense of Caterpillar which relies not only on steel, but exports as well.http://www.youtube.com/watch?v=lYyrqSmhalsThe anti-free trade protectionists will say we need exports to create American jobs. But, they say, we need tariffs and import quotas to protect American jobs from "unfair" competition. This is another fallacy as Dr. Friedman explains. When you impose tariffs on imports you hurt exports as well! To understand this better read the following:Debunking the Mercantilist Trade Doctrinehttp://mjperry.blogspot.com/2011/04/best-trade-policy-being-free-to-choose.htmlAnother Name for "Trade Deficit" is "Capital Account Surplus," Balance of Payments Always = 0http://mjperry.blogspot.com/2011/04/another-name-for-trade-deficit-capital.html#Lerner Symmetry Theoremhttp://en.wikipedia.org/wiki/Lerner_symmetry_theoremBalance of Paymentshttp://www.econlib.org/library/Enc/BalanceofPayments.htmlInternational Capital Flowshttp://www.econlib.org/library/Enc/InternationalCapitalFlows.htmlDoubling U.S. Exports = Doubling U.S. Importshttp://mjperry.blogspot.com/2011/01/pathological-plan-to-double-exports.htmlTrade is Mutually Advantageous -- and Its Advantages, for All Parties, are Measured in Importshttp://cafehayek.com/2011/01/trade-is-mutually-advantageous-and-its-advantages-for-all-parties-are-measured-in-imports.htmlChapter 12 of Economics in One Lesson by Henry Hazlitthttp://www.fee.org/pdf/books/Economics_in_one_lesson.pdfThat Which is Seen and That Which is Not Seen by Frédéric Bastiathttp://bastiat.org/en/twisatwins.htmlWe hear many people constantly lamenting the fact that the American manufacturing sector is dead or dying. (Just read the comments section of this video!) This has been repeated so often that it has become conventional wisdom. This is another myth not supported by any evidence. In fact, the data shows the opposite is true: America is BY FAR the world's largest manufacturing nation. Our output is higher now than it has EVER been in history.http://mjperry.blogspot.com/2011/06/us-manufactuing-germany-italy-france.htmlhttp://blog.american.com/?p=25164http://mjperry.blogspot.com/2011/05/americas-amazing-manufacturing.htmlhttp://mjperry.blogspot.com/2011/05/made-in-usa-again-manufacturing-is.htmlEven though this video focuses on the steel industry, it applies to all others as well. Did you know that American consumers pay, on average, twice the world price for sugar? Once again, special interests benefit at the expense of everyone else. Read:http://mjperry.blogspot.com/2009/08/big-sugars-sickeningly-sweet-deal.htmlhttp://mjperry.blogspot.com/2010/01/sugar-tariffs-cost-americans-25-billion.htmlhttp://mjperry.blogspot.com/2010/02/few-days-ago-i-posted-about-tariffs.htmlhttp://mjperry.blogspot.com/2010/02/blog-post.htmlhttp://mjperry.blogspot.com/2010/03/more-on-sickeningly-sweet-deal-for-big.htmlhttp://mjperry.blogspot.com/2011/01/big-sugar-cartel-cost-consumers-45b.htmlhttp://cafehayek.com/2011/01/not-so-sweet-sugar-program.htmlhttp://www.youtube.com/watch?v=8oijbOTeXWwThis video is an excerpt from Milton Friedman Speaks: Lecture 02, "Myths That Conceal Reality"http://www.freetochoose.net/store/product_info.php?products_id=86
Thank God for Government Waste! brittle13 2009-07-08 | Circa 1977. Milton Friedman (June 26, 1912 November 16, 2006) was an American economist, statistician and public intellectual, and a recipient of the Nobel Memorial Prize in Economic Sciences. He is best known among scholars for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. A global public followed his restatement of a political philosophy that insisted on minimizing the role of government in favor of the private sector. As a leader of the Chicago School of economics, based at the University of Chicago, he had a widespread influence in shaping the research agenda of the entire profession. Friedman's many monographs, books, scholarly articles, papers, magazine columns, television programs, videos and lectures cover a broad range of topics in microeconomics, macroeconomics, economic history, and public policy issues. The Economist hailed him as "the most influential economist of the second half of the 20th century possibly of all of it".http://en.wikipedia.org/wiki/Milton_friedmanhttp://www.freetochoose.net/store/product_info.php?products_id=152
Ayn Rand on Donahue 1979 (4/5) brittle13 2009-06-18 | Ayn Rand attacks altruism as evil and both defines and defends her philosophy of objectivism. Rand also explains how monopolies cannot exist unless they are supported by government erected barriers to competition.
Ayn Rand on Donahue 1979 (3/5) brittle13 2009-06-18 | Ayn Rand attacks altruism as evil and both defines and defends her philosophy of objectivism. Rand also explains how monopolies cannot exist unless they are supported by government erected barriers to competition.
Ayn Rand on Donahue 1979 (2/5) brittle13 2009-06-17 | Ayn Rand attacks altruism as evil and both defines and defends her philosophy of objectivism. Rand also explains how monopolies cannot exist unless they are supported by government erected barriers to competition.
Ayn Rand on Donahue 1979 (1/5) brittle13 2009-06-17 | Ayn Rand attacks altruism as evil and both defines and defends her philosophy of objectivism. Rand also explains how monopolies cannot exist unless they are supported by government erected barriers to competition.Playlist for all 5 videos:http://www.youtube.com/watch?v=bx-LpRSbbeA&feature=PlayList&p=CD63BCE86EA89F8B&index=0&playnext=1Note: When comparing prices in different years you have to adjust for inflation! A dollar today doesn't have the same buying power as a dollar 30 years ago.http://data.bls.gov/cgi-bin/cpicalc.plhttp://en.wikipedia.org/wiki/Consumer_price_indexhttp://en.wikipedia.org/wiki/GDP_deflatorhttp://gregmankiw.blogspot.com/2009/06/deflation.htmlhttp://bpp.mit.edu/usa/
Ayn Rand on Donahue 1979 (5/5) brittle13 2009-06-17 | Ayn Rand attacks altruism as evil and both defines and defends her philosophy of objectivism. Rand also explains how monopolies cannot exist unless they are supported by government erected barriers to competition.
Friedman and Sowell on Equality brittle13 2009-06-14 | Milton Friedman gives his brilliant assessment of equality in the context of inherited wealth. Thomas Sowell heatedly debates Frances Fox Piven, of 'Cloward-Piven Strategy' fame, on equality of opportunity versus equality of results. The 'Cloward-Piven Strategy':"First proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven, the "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse."http://www.discoverthenetworks.org/groupProfile.asp?grpid=6967Watch the full video and more at:http://www.freetochoose.net/media/broadcast/freetochoose/index.php?type=ftc1980
Why it isnt Necessary to Throw the Bums Out brittle13 2009-06-14 | Circa 1977."The same congressman will vote for a different thing if he thinks that's politically profitable." Any doubts? Read these:http://washingtonexaminer.com/blogs/beltway-confidential/2010/12/fred-upton-author-light-bulb-law-turns-against-ithttp://www.politico.com/news/stories/0311/52133.htmlThe full video available here:http://www.freetochoose.net/store/product_info.php?products_id=152
Milton Friedman on Donahue 1980 (5/5) brittle13 2009-05-08 | Milton Friedman provides a direct and to-the-point defense of capitalism and free trade. He explains how governmental regulations, no matter how well-intended, are inevitably infiltrated by business interests which use governmental power to stifle competition. He also explains the economics of why drug prohibition doesn't work to control drugs.
Milton Friedman on Donahue 1980 (4/5) brittle13 2009-05-07 | Milton Friedman provides a direct and to-the-point defense of capitalism and free trade. He explains how governmental regulations, no matter how well-intended, are inevitably infiltrated by business interests which use governmental power to stifle competition. He also explains the economics of why drug prohibition doesn't work to control drugs.
Milton Friedman on Donahue 1980 (3/5) brittle13 2009-05-07 | Milton Friedman provides a direct and to-the-point defense of capitalism and free trade. He explains how governmental regulations, no matter how well-intended, are inevitably infiltrated by business interests which use governmental power to stifle competition. He also explains the economics of why drug prohibition doesn't work to control drugs.
Milton Friedman on Donahue 1980 (2/5) brittle13 2009-05-07 | Milton Friedman provides a direct and to-the-point defense of capitalism and free trade. He explains how governmental regulations, no matter how well-intended, are inevitably infiltrated by business interests which use governmental power to stifle competition. He also explains the economics of why drug prohibition doesn't work to control drugs.
Milton Friedman on Donahue 1980 (1/5) brittle13 2009-05-07 | Milton Friedman provides a direct and to-the-point defense of capitalism and free trade. He explains how governmental regulations, no matter how well-intended, are inevitably infiltrated by business interests which use governmental power to stifle competition. He also explains the economics of why drug prohibition doesn't work to control drugs. Playlist for all 5 videos: http://www.youtube.com/watch?v=OE1nJJBoxvk&feature=PlayList&p=4C67F54010391D4B&index=0&playnext=1
Milton Friedman on Donahue 1979 (5/5) brittle13 2009-05-07 | 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 on Donahue 1979 (4/5) brittle13 2009-05-07 | 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 on Donahue 1979 (3/5) brittle13 2009-05-07 | 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 on Donahue 1979 (2/5) brittle13 2009-05-07 | 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.
David D. Friedman on Government Education brittle13 2009-03-28 | David Director Friedman (born February 12, 1945) is the son of economists Milton and Rose Friedman. He holds a Ph.D. in Physics from the University of Chicago, although he is mostly known for his work in political theory and economics. He became a leading figure in the anarcho-capitalist community with the publication of his book The Machinery of Freedom (1973). He is currently a professor of law at Santa Clara University.http://en.wikipedia.org/wiki/David_D._Friedmanhttp://www.daviddfriedman.com/index.shtmlThe Machinery of Freedom: Guide to Radical Capitalism, 2nd Ed.:http://www.daviddfriedman.com/The_Machinery_of_Freedom_.pdfExcerpt from "Free to Choose", Vol. 4 - The Failure of Socialism (1990 series)Watch the full video and more at:http://www.freetochoose.net/media/broadcast/freetochoose/index.php?type=ftc1990
Ayn Rand on Israel and the Middle East brittle13 2009-03-28 | (1979) Ayn Rand discusses Israel and the Middle East on Donahue. Playlist for the full video: http://www.youtube.com/watch?v=bx-LpRSbbeA&feature=PlayList&p=CD63BCE86EA89F8B&index=0&playnext=1
Milton Friedman - Iceland 1 of 8 brittle13 2009-03-08 | Friedman visited Iceland in the autumn of 1984, met with prominent Icelanders and gave a lecture at the University of Iceland on the Tyranny of the Status Quo. He participated in a lively television debate on August 31, 1984 with leading socialist intellectuals, including current President Ólafur Ragnar Grímsson. When they complained that a fee was charged for attending his lecture at the University and that hitherto, lectures by visiting scholars had been free-of-charge, Friedman replied that previous lectures had not been free-of-charge in a meaningful sense: Lectures always have related costs. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. http://en.wikipedia.org/wiki/Milton_friedman Playlist for all 8 videos: http://www.youtube.com/watch?v=e_Ds_LRROLI&feature=PlayList&p=5119E3ABEAF01999&index=0&playnext=1
Milton Friedman - Iceland 7 of 8 brittle13 2009-03-08 | Friedman visited Iceland in the autumn of 1984, met with prominent Icelanders and gave a lecture at the University of Iceland on the Tyranny of the Status Quo. He participated in a lively television debate on August 31, 1984 with leading socialist intellectuals, including President Ólafur Ragnar Grímsson. When they complained that a fee was charged for attending his lecture at the University and that hitherto, lectures by visiting scholars had been free-of-charge, Friedman replied that previous lectures had not been free-of-charge in a meaningful sense: Lectures always have related costs. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. http://en.wikipedia.org/wiki/Milton_friedman
Milton Friedman - Iceland 8 of 8 (No Free Lunch) brittle13 2009-03-08 | Friedman visited Iceland in the autumn of 1984, met with prominent Icelanders and gave a lecture at the University of Iceland on the Tyranny of the Status Quo. He participated in a lively television debate on August 31, 1984 with leading socialist intellectuals, including President Ólafur Ragnar Grímsson. When they complained that a fee was charged for attending his lecture at the University and that hitherto, lectures by visiting scholars had been free-of-charge, Friedman replied that previous lectures had not been free-of-charge in a meaningful sense: Lectures always have related costs. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. http://en.wikipedia.org/wiki/Milton_friedman
Milton Friedman - Iceland 6 of 8 brittle13 2009-03-08 | Friedman visited Iceland in the autumn of 1984, met with prominent Icelanders and gave a lecture at the University of Iceland on the Tyranny of the Status Quo. He participated in a lively television debate on August 31, 1984 with leading socialist intellectuals, including President Ólafur Ragnar Grímsson. When they complained that a fee was charged for attending his lecture at the University and that hitherto, lectures by visiting scholars had been free-of-charge, Friedman replied that previous lectures had not been free-of-charge in a meaningful sense: Lectures always have related costs. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. http://en.wikipedia.org/wiki/Milton_friedman
Milton Friedman - Iceland 5 of 8 brittle13 2009-03-08 | Friedman visited Iceland in the autumn of 1984, met with prominent Icelanders and gave a lecture at the University of Iceland on the Tyranny of the Status Quo. He participated in a lively television debate on August 31, 1984 with leading socialist intellectuals, including President Ólafur Ragnar Grímsson. When they complained that a fee was charged for attending his lecture at the University and that hitherto, lectures by visiting scholars had been free-of-charge, Friedman replied that previous lectures had not been free-of-charge in a meaningful sense: Lectures always have related costs. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. http://en.wikipedia.org/wiki/Milton_friedman
Milton Friedman - Iceland 4 of 8 brittle13 2009-03-08 | Friedman visited Iceland in the autumn of 1984, met with prominent Icelanders and gave a lecture at the University of Iceland on the Tyranny of the Status Quo. He participated in a lively television debate on August 31, 1984 with leading socialist intellectuals, including President Ólafur Ragnar Grímsson. When they complained that a fee was charged for attending his lecture at the University and that hitherto, lectures by visiting scholars had been free-of-charge, Friedman replied that previous lectures had not been free-of-charge in a meaningful sense: Lectures always have related costs. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. http://en.wikipedia.org/wiki/Milton_friedman
Milton Friedman - Iceland 3 of 8 brittle13 2009-03-08 | Friedman visited Iceland in the autumn of 1984, met with prominent Icelanders and gave a lecture at the University of Iceland on the Tyranny of the Status Quo. He participated in a lively television debate on August 31, 1984 with leading socialist intellectuals, including President Ólafur Ragnar Grímsson. When they complained that a fee was charged for attending his lecture at the University and that hitherto, lectures by visiting scholars had been free-of-charge, Friedman replied that previous lectures had not been free-of-charge in a meaningful sense: Lectures always have related costs. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. http://en.wikipedia.org/wiki/Milton_friedman
Milton Friedman - Iceland 2 of 8 brittle13 2009-03-08 | Friedman visited Iceland in the autumn of 1984, met with prominent Icelanders and gave a lecture at the University of Iceland on the Tyranny of the Status Quo. He participated in a lively television debate on August 31, 1984 with leading socialist intellectuals, including President Ólafur Ragnar Grímsson. When they complained that a fee was charged for attending his lecture at the University and that hitherto, lectures by visiting scholars had been free-of-charge, Friedman replied that previous lectures had not been free-of-charge in a meaningful sense: Lectures always have related costs. What mattered was whether attendees or non-attendees covered those costs. Friedman thought that it was fairer that only those who attended paid. http://en.wikipedia.org/wiki/Milton_friedman
