Milton Friedman Speaks: The Role of Government in a Free Society (B1228) - Full Video

I wonder what he would have said on the topic of bureaucratic legislation. 🤔🤔🤔
"Bureaucratic" (hired government officials rather than democratically elected.) and "legislation" (the process of making laws.)
In the USA the Constitution spells out that only the Congress are allowed to write laws, and that the Congress will only have a house and a Senate. I'm lead to wonder whether you could replace all those house reps with mayors and governors and hired legislators. Because honestly I see no point in the house in they never represent they're district, or pass any legislation. You might ask what about the electoral college. Just portion each state 2 Senator votes and a gubernatorial vote and have them be based on a point value system like fix value of 15 for the Senate votes and variable based on population for the gubernatorial votes so like 50 votes for California but like 3 votes for Utah. Or something like that... It would mean high population states matter but so do the low population states. But it doesn't really give them more or less representation just the it aims to give them a semi-equal sense of validity which I think is more important than representation to a state when electing a president. The only thing I would change with the Senate is I would say the first 3 years the have to be state senators and then the next 3 they go to the federal Senate as a way of absorbing their state's values. I would also say that a 3 term Senator ie 18 years is as long as they should be allowed to do. I'm open to hear thoughts, constructive criticism, and especially ideas on where you think I missed anything.

Some youngs are so arrogant, they know very little and act like if they knew a lot,

He's just repeating from Adam Smith's "Wealth of Nations," written in 1776.
The problem is, how do you MAKE government MIND its role, Uncle Milty?
(Crickets)
Keep belling that cat.

I was in that audience.
My econ professor was a student of Milton Friedman. He invited a couple students to attend this seminar at University of Chicago..
That was 38 years ago..
I'm old..
He was referring to socialism.
Friedman is smiling today because Trump has instilled his monetary policy without catering to special interest.
It's why we see markets up, growth and great unemployment numbers.

Speech greatly appreciate!

1 hr 4 minutes in and one hour twenty min

One of the greatest economists and thinkers of all time.

Imagine being this brilliant. This guy is a gift from America to the entire world. What a man.

This needs to be heard during this virus situation....

This man was so brilliant. My favorite economist ever.

I think it was a tic that drives people crazy! There is no energy drink that gives you extra abilities, and even if you are on protein, then good for you. They don't teach in schools that eating healthy will help you concentrate better, so a lot of us are on hungry stomachs...So yes, having your breakfast in the mornings will give you energy for the rest of the day!

Is it just me, or did people back then have more of an ability to conduct themselves in an enlightened manner?

Even more relevant today

I wish there was a heart button!!! No words are wasted... an amazing lecturer!!!

"It's very hard to do good. But by the same token, it's hard to do evil. In a society of imperfect human beings, with the experience we have had, it's worth paying a big price in reducing the chances of doing good, in order to avoid the chances of doing evil."

We are sooo far from this. Dang, I miss Milton.

" A society that aims for equality before liberty, will end up with neither equality nor liberty". What a legend

I’m 16 I felt that I needed to enrich my knowledge with something like this!!

The saying "My freedom to move my fist is constrained by the proximity of your chin" is still very relevant but should be adapted to modern times. I think many companies these days have already violated this principle. They're not punching us in the face, instead they have their hands around our necks.
If they stood by this principle, they should encourage people to print their own currencies. Isn't the fiat monetary system currently founded on coercion?

I was shocked to find out AOC majored in Economics. She is a Radical Socialist educated, by Marxist professors. There are Leftists professors in many domains of education. The Science and Math domains are targeted next.

Pursuing freedom will create inequality because freedom means people will not all make the same choices. Pursuing equality will reduce freedom, as to achieve the same results, those who would otherwise freely choose differently will be forced...forced.... to take more 'equaling' actions, like taxation, state mandated salary, rent control, price fixing,

Anyone knows what year is this?

Milton Friedman on WAP?

The irresponsible people who are affiliated with BLM should be forced to watch this ad nauseam.

This is like an old school version of the Ben Shapiro Q&A's you see now. Title should be, "Milton Friedman absolutely NUKES silly lib questions!"

😳

"Dont let the best be the enemy of the good" that is truth on another level.

fun fact the guy in the blue shirt is bernie sanders

"The idea that there is something wrong, doesn't mean that there is something better"

Failure to understand this is the root of left-wing idiocy like Socialism and Communism. They see problems with free capitalist society and ASSUME things could be better.

Never more important than now.

Brought up a lot of excellent points

Only 118K views. Too bad!

Professor ❤🙏

Wow at Stanford. I wonder if he’d be shouted down and cancelled today.

Listening to Mr Friedman on the role of the government, I feel he stretched the argument of freedom too thin by not justifying the freedom the government have to exist in our society properly.

In today's world, we don't have men like this, and back then. The educational system was already corrupt. And still, the intellectual giants. Wow unto us, wiow unto this generation and the next.😔😔😔😔😔

Basically Ayn Rand/ Objectivist approach.

Thank You.

⭐

Milton Friedman - The Godfather of Modern Neoliberal economics that destroy all economies using his methods.

Lacked in depth review of historical precedents, from an historical perspective, feudalism and monarchy were in place for 3 to 4 millinea (some sectors in many parts had no need for it), we rejected this big monarchic superstructure, as big as we have today, because it could go corrupt, I will use a better word than corrupt, I will say inhuman and insane, church became more popular for talking sanity, however were not really able to back their talk. We today are secular, we today do not believe in one man or one woman is the repository of virtue, wisdom or more importantly an human encyclopedia. We want a system than a man or woman to offer us dignity and order.

Now are big businesses the order and dignity we seek??? I am not supporting the governments at all, I am seeking the secular and non monarchical order, who or what represents authority in a saner world? It is legislation and impartial education.

What would Friedman say about Social Media? A whole different bag of worms.

Milton Frdiman Great Man