Milton Friedman Crushes 5 Common Economic Myths

by Zoot Rollo

October 15, 2014

Reading Time: ( Word Count: )

The Nobel Prize winning economist debunks the common myths that we embrace as economic truth, the core of the “government must care for us!” movement. He discusses and deflates the concept of Robber Barons, The Great Depression, The Failure of the market place to provide essential Goods and Services, The myth of the Free Market and the false assumptions of the Robin Hood Syndrome. The Free to Choose Network carries an extensive series of Milton Friedman’s talks, every one a gem in the way the he reveals the false assumptions so many of us make, and destroys the preconceptions under which so many of us labour.

Showing 1–2 of 4 results

Promoting Illusions

The social and political circumstances of the time are certainly of considerable significance, but their importance for the weal or woe of...

The Bonfire Plot – Who Is Guy Fawkes?

Guy Fawkes: Also known as John Johnson,or as Guido Fawkes apprehended on Nov 5th 1605, under the Houses of Parliamnent with hundreds of pounds of gunpowder and a handful of...

Out of Africa an entrepreneurial society emerges.

So whoever wins the presidential election should recognize that sub-Saharan Africa’s more than one billion people represent markets for American goods, Ichikowitz said. Positive outreach to Africa would also provide opportunities to bring African and African-American entrepreneurs together, given their common history of oppression. That would be true win-win-win.