Wednesday, March 9, 2011

Milton Friedan on Capitalism vs. Socialism

In his book "Capitalism and Freedom" (1962) Milton Friedman (1912-2006) advocated minimizing the role of government in a free market as a means of creating political and social freedom.

Below is a short excerpt from an interview with Phil Donahue show in 1979. His comments hold true today as they did 32 years ago for all economies.

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