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Author: Milton Friedman, Rose Friedman
Publisher: Mariner Books Classics
Publication date: November 26, 1990
Print length: 358 pages
Great on Kindle: ✅
INTERNATIONAL BESTSELLER
A powerful and persuasive discussion about economics, freedom, and the relationship between the two, from today's brightest economist.
In this classic discussion, Milton and Rose Friedman explain how our freedom has been eroded and our affluence undermined through the explosion of laws, regulations, agencies, and spending in Washington. This important analysis reveals what has gone wrong in America in the past and what is necessary for our economic health to flourish.
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"Regarding the Great Depression. You're right, we did it. We're very sorry. But, thanks to you, we won't do it again." (Ben Bernanke, chairman of the Federal Reserve)
Also, he advocated for the negative income tax which became the earned income tax credit under President Ford and is responsible for lifting millions out of poverty.
And also free trade and free immigration. Turns out it was a 60 year era of prosperity and we've now reverted to the pre-Friedman anti-trade anti-immigration norm.
Also deregulation, which you can thank for today's low fares on flights and ground shipping.
I mean he was too libertarian for me. He wanted to legalize all drugs and transfer all protected federal lands to the Sierra Club so the government can't go back on its promises. But we should all be glad we adopted a lot of his ideas.
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