Friedman’s warning for the time
March 3, 2009
At a time when people look to governments to solve all sorts problems, the cautionary words of Milton Friedman come to mind from this 1979 interview. Even when capitalism, which is no perfect system, seems to fails let’s not fool ourselves that men in politics can save the world. We shall never forget that government contributed to creating this crisis (through bubble inducing monetary policy) and fell to enforce even the regulation on books (Madoff anyone?). Freedom depends on free markets and free-thinking people.
