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Sorry, Milton: Let 'em in
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Published on :
Wednesday, May 12, 2010 |
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Friedman often proclaimed that the strongest case for individual liberty is a moral one. Because it is immoral for government to prevent the free movement of peaceful people, the existence of one immoral institution -- the welfare state -- ought not be used so cavalierly to justify the imposition of another immoral institution -- restrictions on peaceful immigration, writes Donald Boudreaux in Pittsburg Tribune Review. |
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Rose Friedman, R. I. P.
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Published on :
Tuesday, August 18, 2009 |
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Rose Friedman, who was partner and collaborator with her late husband Milton Friedman, Nobel laureate in economics, on many of his most important works of political thought and advocacy, has died of heart failure. Though her birth records in her native Russia are lost, she was believed to have been 99, notes Brian Doherty in the 'Reason'. |
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Celebrating Milton Friedman’s 96th Birth Anniversary
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Published on :
Thursday, July 31, 2008 |
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On the occasion of the 96th birth anniversary of Milton Friedman, here is a brief interview of Dr Friedman, on the issue of prohibition, shortly before his death in 2006. In his characteristic style, Friedman says: "I don't think the state has any more right to tell me what to put in my mouth than it has to tell me what can come out of my mouth." |
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Does Bear Stearns Bailout Set a Bad Precedent?
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Published on :
Wednesday, March 26, 2008 |
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Wall Street is all about profit. And profit does play a major role in making our world go round. But as Milton Friedman liked to point out, our economic system isn't just based on profit. It's a profit and LOSS system. It's the combination that sustains and enhances our standard of living. Yes, letting Bear Stearns go under would have been dangerous. But helping JP Morgan devour Bear Stearns is dangerous, too. Where does the government stop in protecting people from irresponsibility, asks Russell Roberts on the National Public Radio |
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The social responsibility of profits
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Published on :
Tuesday, August 14, 2007 |
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"The social responsibility of business," Milton Friedman famously said, "is to increase its profits." A more accurate interpretation reflects basic principles behind free enterprise, profits and returns on investments – principles that were well understood long before Adam Smith described them so eloquently in The Wealth of Nations. Profits can only be earned by providing goods, services that society needs and values – by offering superior quality, lower cost. Without profits, earned by satisfying the demands of their customers, business can not be socially responsible, writes Paul Driessen |
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