Little more from Milton Friedman. This TV-serie is real treasure for all libertarians.
Free To Choose® began as an award winning PBS television series featuring Milton Friedman, Nobel Prize-winning economist. Free To Choose was also a book written by Milton and Rose Friedman and published by Harcourt Brace Jovanovich. It was the best selling non-fiction book of 1980. The book and TV series have been translated into over 2 dozen languages.
Free To Choose is about freedom, the interrelationship of personal, political and economic freedom. Free To Choose is about the ideas of Milton and Rose Friedman, ideas that still dominate public policy debates decades after they were first proposed. Free To Choose is about those who refined and continue to extend these ideas.
Volume 1 - The Power of the Market
Dr. Friedman states, "There is not a single person in the world who can make this pencil." He explains that the creation of even a simple object - like the "lead" pencil - requires the knowledge of many people, lumberjacks, steel manufacturers, miners, etc. These people may not speak the same language, they may not know or like one another, yet the market enables them to combine knowledge and effort to produce wealth.
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Volume 2 - The Tyranny of Control (1980)
Government planning and detailed control of economic activity lessens productive innovation, and consumer choice. Good, better, best, are replaced by "approved" or "authorized." Friedman shows how "established" industries or methods, seek government protection or subsidization in their attempts to stop or limit product improvements which they don’t control. Friedman visits India, Japan and U.S.
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Volume 3 - Anatomy of a Crisis
What Caused the Great Depression, and What To Do About It
The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States, loss of personal savings, were visible symbols supporting this belief. As Friedman explains, the real cause was the unseen failure of government policy and action. Yet this crisis resulting from government failure leads to decades of government expansion.
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