Wednesday, August 16, 2006

PBS TV Series "Free to Choose" by Economist Milton Friedman

The legendary PBS TV series "Free to Choose" (1980) by Nobel Prize-winning economist Milton Friedman is now available on YouTube/Vimeo for free by courtesy of the Palmer R. Chitester Fund.

Volume 2: The Tyranny of Control
Volume 3: Anatomy of a Crisis
Volume 4: From Cradle to Grave
Volume 5: Created Equal
Volume 6: What’s Wrong With Our Schools?
Volume 7: Who Protects the Consumer?
Volume 8: Who Protects the Worker?
Volume 9: How to Cure Inflation
Volume 10: How to Stay Free

Updated 1990 Series:
Volume 1: The Power of the Market
Volume 2: The Tyranny of Control
Volume 3: Freedom & Prosperity
Volume 4: The Failure of Socialism
Volume 5: Created Equal

C-SPAN: In Depth with Milton Friedman
Milton Friedman on F. A. Hayek's book, The Road to Serfdom
Free to Choose: A Conversation with Milton Friedman
Commanding Heights: Milton Friedman

Milton Friedman Quotes:
"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."

"Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property."

"Governments never learn. Only people learn."

"So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not"

"The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom."

"Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another."

"Underlying most arguments against the free market is a lack of belief in freedom itself."

"What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system"

"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition."

"The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both."