Free to Choose Part 2: The Tyranny of Control

Posted: August 7, 2011 by ShortTimer in Economic freedom, Economics, Milton Friedman, Tyranny

In light of the US credit rating being downgraded to AA+ and on course to downgrade again and China saying the “good old days” of borrowing and spending are over, it’s worth it to go revisit some more economics.

The things said there by the union goons and the socialists are the same today, but magnified.  It’s also interesting to see a younger Rumsfeld before he got heavily into politics – especially his honesty in addressing business’s motives and how he mentions businesses will ask for favors against their competition – which isn’t free trade or a free market.

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Comments
  1. […] decades.  But then you have to remember what Milton Friedman has said about big business; and what Don Rumsfeld said waaay back during Friedman’s Free To Choose series.  Their point was basically that businesses don’t have an ideology beyond profit for owners […]

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