Milton Friedman Speaks: The Role of Government in a Free Society (B1228) - Full Video
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- čas přidán 20. 03. 2016
- John Stuart Mill said, in effect, that self-protection is the only legitimate reason for people to interfere with the freedom of others. If we are to define the role of government in a free society, we must first specify what we mean by self-protection. Defense from foreign enemies and protection of property, including the enforcement of private contracts, are clearly legitimate functions of government. But when we come to two other functions of government--providing a substitute for voluntary cooperation when it appears impossible to achieve, and providing for irresponsible individuals--the justification is much less clear-cut, because in a free society people should be able to take risks but should not be able to force others to pay the consequences. If the proper limitations of government action were observed, the government would not do many things it now does. We should not resort to government regulations until we have adequately explored the possibilities for coordinating our activities through voluntary means. If we understood the implications of our own values, we would not allow ourselves to be "front men" for values we oppose, merely because we are confused about the meaning of freedom and the legitimate role of government in a free society. Recorded at Stanford University ©1978 / 1:26:09.
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" A society that aims for equality before liberty, will end up with neither equality nor liberty". What a legend
Imagine being this brilliant. This guy is a gift from America to the entire world. What a man.
Why are there no comments on this? Every high school student in the United States should be required to watch this more than once before graduating.
The answer is, that as people began to miss meals, they began to realize that what thinking people already knew. That is that Friedman was little more than a messenger boy for the deep state.
> should be required to watch this
Which contradicts Friedman's views. ;)
@@yokoono42 the same thought came into my mind
@@louiethegreater1 Your comment demonstrates that you know nothing at all. The deep state is diametrically opposed to what he is teaching.
Can't vote your way out of dictatorship.
This man was so brilliant. My favorite economist ever.
Aristotle Theo I don’t have a favorite but I am also a fan of Thomas sowell, WW, and yaron brook
@@therealruski3906 Thomas.and Milton were awesome, Ben Shapiro and Candice Owens getting closer to today's display of knowledge, devotion and relevance. Milo's smart af but bless are those that are humble. He's neither blessed or humble.
This needs to be heard during this virus situation....
When A (politician, union, thief) takes (loots) from B (the producer) and gives to C (the poor and to himself), the world long remembers the benevolence of A and the plight of C. But B (the producer, the one looted via taxes) is the forgotten man.
I’m 16 I felt that I needed to enrich my knowledge with something like this!!
Look up Thomas Sowell too! Read his & Milton Friedmans books. You will have a wealth of knowledge.
His response to the Good Samaritan Paradox sends chills down my spine every time.
The Supreme Court calls that "the Bad Samaritan" principle: i.e. you don't HAVE to help someone in need.
One of the greatest economists and thinkers of all time.
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."
Is it just me, or did people back then have more of an ability to conduct themselves in an enlightened manner?
This was a time where not everyone has the need to become educated. Mainly the intelligent ones pursued education and saw themselves in debates and discussions such as these. This was an opportunity for them to learn and understand the world better.
Today, almost everyone is pursuing a College education one way or another(because it has become necessary). You will see many unintelligent people in the mix as well. These people do not have their own ideas, and absorb the ideas of others according to their emotions. So when they see themselves in debates such as these, it would be their emotions speaking rather than their intellect. Any attempt to discuss issues with them would be difficult because you are hurting their feelings (which would not look good on you). Such a sad state we have come to
@@MathWhizerino College has most certainly not become necessary. That's straight from the mouths of the college marketing departments. The costs far exceed the benefits.
Yes. Students then still were exposed to, and embraced, the actual purpose of higher education, to be exposed to ideas to which you have not been exposed, to analyze such, and to rationalize why you do or do not tend to agree with the new idea. Today's University though, is devoted to NOT hearing diverse opinion.
“It’s not critical thinking anymore, it’s critical theory”- Michael Malice
Is everyone on this thread autistic?
We are sooo far from this. Dang, I miss Milton.
"Dont let the best be the enemy of the good" that is truth on another level.
Milton Frdiman Great Man
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.
You might be confusing todays economic boon with osama's printed trillion. Not a year before leaving office the crook dropped a trillion dollars of funny money into the economy.
Lucky you!!! God bless America!
This is fantastic. Better than modern day liberal education.
@1:18:33 Wow! The wisdom there is nowhere to be found in politics today.
54:10 I wish our national, state, and local governments had taken Dr. Friedman's advice about creating a balance sheet when it came to making decisions about how to handle the COVID pandemic. So many of our government officials neglected to estimate the huge disadvantages associated with their lockdown mandates.
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,
14:00 “No society can be stable unless there is a basic unthinking, unquestioning allegiance to certain common principles.”
Even more relevant today
Never more important than now.
1:00:00 That person really hit the issue that we find ourselves in here in the internet age.
Speech greatly appreciate!
Brought up a lot of excellent points
Professor ❤🙏
Seems relevant today with the theory of man-made climate change being presented in the news- and the proposed government stepping in with taxation as a solution.
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?
Thank You.
Friedman does a pretty good job of explaining that Statism is evil; it is wickedness.
Statist and Statism per Zero Aggression Project (ZAP) definition
You’re a Statist if you advocate Statism. Statists believe that…
1. Bad means are often needed to achieve good ends (the ends justify the means)
2. The State should initiate force to achieve social goals (aggression/violence is acceptable)
3. People who work for The State can morally do things that would be criminal for others to do (true for many bureaucrats but not all)
Thomas Sowell said: “The most basic question is not what is best, but who shall decide what is best.” Friedman made this point that only you are rightfully justified in making decisions about your life and then taking full responsibility for the results.
I watch the same libertarians who speak of non aggression pact remain silent on mass immigration and illegal immigration as if people not born inherit to this country demanding your tax money in services isnt aggression.
Libertarians while intending good, cause more damage in their inconsistencies to their own doctrine.
Milty FriedMan That’s more an an-cap problem but it is infesting more Libertarians by the day. With his COVID stuff going on borders are obviously a necessity.
Wow at Stanford. I wonder if he’d be shouted down and cancelled today.
Some youngs are so arrogant, they know very little and act like if they knew a lot,
15:05 I'm sorry professor Friedman this Sweden you've been talking about doesn't exist anymore.
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.
fun fact the guy in the blue shirt is bernie sanders
Anyone knows what year is this?
Much as I like Friedman, he still accepted political government, just to a lesser degree than we have. Friedman still approved of inflation but could not quite figure out to what rate it should be, as Henry Hazlitt pointed out in Economics in One Lesson or in The Inflation Crisis and How to Resolve It.
you have to have some organization to ensure personal freedom that does not have a specific stake one way or the other. Minimal government is fine
He believed in very limited government with regards to what it can do, specifically defence from outside (Military), defence inside (Police), and third party umpire to help us solve our disputes with one another (Law). That as far as Im aware is all the government he ever desired to see and yet the people in government always think they know better and so try to meddle in more and more things.
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.😔😔😔😔😔
Only 118K views. Too bad!
The irresponsible people who are affiliated with BLM should be forced to watch this ad nauseam.
⭐
Basically Ayn Rand/ Objectivist approach.
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!"
Milton Friedman on WAP?
😳
The guy at 1:05:45 looks like Ted Cruz.
You mean Grampa Munster?
12:40 majority rule
1 hr 4 minutes in and one hour twenty min
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.
1:08:00
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!
What is healthy? How do we know what we should be eating based on our biology? Why would eating breakfast make a difference when there are people that live perfectly healthy lives eating only 1 meal a day or skipping breakfast altogether?
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.
My favorite part is when he owns Bernie Sanders @ 1:05:50
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.
One way to try and make Government mind its role is by convincing people of the proper role of Government, which is exactly what Uncle Milty is doing here.