epub pdf Free to Choose: A Personal Statement By Milton Friedman – Circuitwiringdiagram.co

I really enjoyed this book, and it confirmed some of my fears that I am really a libertarian at heart.The basic premise is that people should be free to make their own choices whenever possible, and that government s role is to protect us from each other, and not to protect us from ourselves.The Friedmans argue from a pragmatic standpointthan from a philosophical standpoint Generally, government does a poor job with what it touches We have this idea in our head that government is a sort I really enjoyed this book, and it confirmed some of my fears that I am really a libertarian at heart.The basic premise is that people should be free to make their own choices whenever possible, and that government s role is to protect us from each other, and not to protect us from ourselves.The Friedmans argue from a pragmatic standpointthan from a philosophical standpoint Generally, government does a poor job with what it touches We have this idea in our head that government is a sort of nanny, necessary to protect us from the bad decisions that we might make The Friedmans argue that not only does the market perform this function already, but that the government does a poor job at it.Because government protection agencies are all brakes and no gas, they often create terrible inefficiencies One of the examples that I found compelling was of the Food and Drug Administration It takes over a year to get most drugs approved In that time, there are many people who die of the diseases that those drugs cure, but who are unable to take them For some of these people, the risk of side effects is worth it, and they would be happy to take their chances In a market system, people would be allowed to take those chances In some cases, many timespeople die of curable diseases than side effects could ever hurt or kill Because the FDA will never get in trouble for examining a drug too thoroughly , but will make headlines if a drug that they approve has dangerous side effects, they err heavily on the side of not approving drugs.As long as government made sure that information about the drugs flowed freely, and wasn t censored by the drug companies, people would soon find out about side effects and effectiveness, without the FDA.There are a number of examples like this, where markets do a fine job of conveying information, and government agencies provide unneeded inefficiencies The international bestseller on the extent to which personal freedom has been eroded by government regulations and agencies while personal prosperity has been undermined by government spending and economic controls New Foreword by the Authors Index Beyond my ability to encompass all this book contains First published in 1979 and within vast stores of data, information and prediction for paths of freedom, money, inflation, employment levels, workers protections etc as elemental now in 2018 andtrue than ever.Freedom is highly tied not to just the monetary outcomes but also to individuals having autonomy over their own choices and directions not only in the work sense or buying sense either Thecontrol from above and the mo Beyond my ability to encompass all this book contains First published in 1979 and within vast stores of data, information and prediction for paths of freedom, money, inflation, employment levels, workers protections etc as elemental now in 2018 andtrue than ever.Freedom is highly tied not to just the monetary outcomes but also to individuals having autonomy over their own choices and directions not only in the work sense or buying sense either Thecontrol from above and thegroup think the less freedom and the greater sharing of the poverty and finite goods It s been demonstrated 100 s of times within the real world applications of socialism In our USA welfare ghettos misery enablements it is absolutely true.100 s of quotes that are foundation base for any endeavor that accelerates human progress and applications to innovation, those especially are nearly on every page and the why of all that in numbers Only one quote the ending conclusion in length it is nevertrue than in the present The two ideas of human freedom and economic freedom working together came to their greatest fruition in the United States Those ideas are still very much with us We are all of us imbued with them They are part of the very fabric of our being But we have been straying from them We have been forgetting the basic truth that the greatest threat to human freedom is the concentration of power, whether in the hands of government or anyone else We have persuaded ourselves that it is safe to grant power, provided it is for good purposes Fortunately, we are waking up We are again recognizing the dangers of an overgoverned society, coming to understand that good objectives can be perverted by bad means, that reliance on the freedom of people to control their own lives in accordance with their own values is the surest way to achieve the full potential of a great society Fortunately, also, we are a people still free to choose which way we will go whether to continue along the road we have been following to ever bigger government, or to call a halt and change direction It can be disconcerting to find that you have finished a book but can t really explain what it was about much That is how I feel about Free to Choose Yes, this is an economics book, so I can say that it is about economics I can tell you that the main point here seemed to be that the free market is good, but America is was, it was written in 1980 at a turning point and will soon have to make a decision about which economic policy it should adopt I actually read the whole book, cover to cove It can be disconcerting to find that you have finished a book but can t really explain what it was about much That is how I feel about Free to Choose Yes, this is an economics book, so I can say that it is about economics I can tell you that the main point here seemed to be that the free market is good, but America is was, it was written in 1980 at a turning point and will soon have to make a decision about which economic policy it should adopt I actually read the whole book, cover to cover, I took notes, made an index, I wrote in the margins and asked questions And yet I find that I am not really clear about what was presented here This book reminded me of Tocqueville s Democracy in America in the way that it seemed to cover just about every topic you can name Unlike Tocqueville, however, I didn t get what was said about these topics in relation to economics I guess this is what mentors are for, huh Wow It took me a month to read this book I suppose it does take longer to read a book for learning and not enjoyment reasons Funny thing is, I actually enjoyed reading this book too There are even occasional bits of humor that sneak up on you This is illustrated by a reference to Cognac during an explanation on historical forms of currency Literally, every page of this book had a quote you d want to slap on Facebook It was that good There were things I d thought about for a long ti Wow It took me a month to read this book I suppose it does take longer to read a book for learning and not enjoyment reasons Funny thing is, I actually enjoyed reading this book too There are even occasional bits of humor that sneak up on you This is illustrated by a reference to Cognac during an explanation on historical forms of currency Literally, every page of this book had a quote you d want to slap on Facebook It was that good There were things I d thought about for a long time yet could never put the pieces together The authors weave it together effortlessly and in a way that made me understand I learned a lot that served to change my perspective on politicians Instead of being willing participants in schemes designed to wreck our freedoms, they are nothingthan cogs in an unstoppable machine, the power to which was turned on a century ago A bit dry but an absolute necessity for understanding Libertarian thought and recommendations A little out of date as well, though a lot of the concepts have been either been seriously considered on a national level or are still being discussed today While I don t agree with everything the Friedman s posit, I do understand how their belief in the market model leads them to believe in the power of the rational individual if such a thing exists over the ever growing behemoth that is the nati A bit dry but an absolute necessity for understanding Libertarian thought and recommendations A little out of date as well, though a lot of the concepts have been either been seriously considered on a national level or are still being discussed today While I don t agree with everything the Friedman s posit, I do understand how their belief in the market model leads them to believe in the power of the rational individual if such a thing exists over the ever growing behemoth that is the national government.I would definitely recommend this for anyone as the arguments are clearly, lucidly laid out for you to agree or disagree with This book was assigned for Capitalism, Democracy, Socialism taught at Loyola University Chicago during the first semester of 1981 82 by David Schweickart It infuriated me at the time, appearing to be an intellectually dishonest apologetic for the existing class divisions in the United States I wasimpressed by the author during a subsequent reading of his Capitalism and Freedom. Very good book, but not great Excellent companion to the TV series of the same name that exposed Milton and free market ideas mostly to many, many people.I read this shortly after the TV series came out in 1980.Read Ludwig von Mises or Murray Rothbard to compare and contrast the Chicagoan monetarist positivist Friedman vs the Austrianconsistently free market ideas. While some of his arguments could be stronger, this book is important because there aren t enough books that make those arguments that free markets and capitalism have value Many people look at equality and fairness as one of two things as an outcome, or as a process Both equality of outcome and equality of process cannot be simultaneously achieved That is an unrealizable and utopian vision Equality of outcome and equality of process are in fact mutually exclusive something few people reali While some of his arguments could be stronger, this book is important because there aren t enough books that make those arguments that free markets and capitalism have value Many people look at equality and fairness as one of two things as an outcome, or as a process Both equality of outcome and equality of process cannot be simultaneously achieved That is an unrealizable and utopian vision Equality of outcome and equality of process are in fact mutually exclusive something few people realize To achieve an equal outcome one must intervene and impose a limitation on the few that succeed to run a business, and to profit from it A limitation on process A limitation on freedom At the same time, equality of process guarantees that equality of outcome cannot be realized some will always besuccessful than others in a free market.I think that this simple idea is important to recognize For this, I have tremendous respect for Milton Friedman and his work Milton favors equality of process over equality of outcome for society, and he lays out his reasoning for this Equality of process is as much as it can be realized what we call free market capitalism a system of economics that emphasizes the freedom to own and operate a business over an equal distribution of wealth Whether you agree with him or not, I think that he makes a logical presentation, thoughsubstantive evidence of his ideas would have been welcome I think that this is an important book to read I don t think that you can argue about free market capitalism until you ve read it Common sense This book makes a clear, rational case for the free market Friedman dedicates a chapter to each of the major issues facing our country, including education, energy, taxes, and the environmental movement the book was written in 1979 but the arguments on both sides of the issues still resonate today Similar to Thomas Sowell, Ayn Rand, or Thomas Dilorenzo, Friedman champions the individual over the group, arguing that when people have the opportunity to choose for themselves, soci Common sense This book makes a clear, rational case for the free market Friedman dedicates a chapter to each of the major issues facing our country, including education, energy, taxes, and the environmental movement the book was written in 1979 but the arguments on both sides of the issues still resonate today Similar to Thomas Sowell, Ayn Rand, or Thomas Dilorenzo, Friedman champions the individual over the group, arguing that when people have the opportunity to choose for themselves, society benefits This book helps to define the issue from both sides, uses ample historic and international supporting examples, identifies where government is clearly overstepping and hurting both the individual and society, and provides actionable solutions to the major challenges I highly recommend this book to anyone, including those who have read it before