First published at 22:57 UTC on June 25th, 2019.
Milton Friedman presents the fourth part of the ten part TV series "Free to Choose" from 1980.
The welfare state arises from the attempt to do good with other people’s money. Such attempts always fail because: Nobody spends somebody else’…
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Milton Friedman presents the fourth part of the ten part TV series "Free to Choose" from 1980.
The welfare state arises from the attempt to do good with other people’s money. Such attempts always fail because: Nobody spends somebody else’s money as carefully as his own. Welfare is supply driven. Those spending the money use force to collect it and to insure those receiving it use it for "right" purposes. Good intentions are corrupted by bad means. Friedman visits U.S. and Britain.
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