Milton Friedman: Government Has No Business Producing Goods and Services @LibertarianismDotOrg
Milton Friedman: Government Has No Business Producing Goods and Services  @LibertarianismDotOrg
Uploaded August 2026 | Updated September 2026, 3 weeks ago
Do Americans still generally believe that government should not interfere in the marketplace?

Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science, was one of the most recognizable and influential proponents of liberty and markets in the twentieth century.

This video is from a lecture from a 1987 California Libertarian Party conference, where Friedman attempts to pin down the likely future of freedom—and the future of libertarianism—in America. He introduces moral and utilitarian justifications for libertarianism and talks about why America seemed to be moving away from socialism and toward liberty in the latter half of the twentieth century.

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Milton Friedman: Government Has No Business Producing Goods and Services

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