Video: Milton Friedman on Libertarianism (1999)

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On today's show we ask our guest, the Nobel prize winning economist, Milton Friedman, just what is a libertarian? As a libertarian, Dr. Friedman believes in the maximum possible freedom for the individual. Yet he also recognizes the need for certain government functions. Which functions? How does he decide when it is legitimate for the government to take some of our freedom away? How does a libertarian look at public safety, protecting the environment, or deciding the right size of government itself? What are the elements of the libertarian movement and how does one of its most illustrious proponents, Milton Friedman, apply its tenets to issues facing the United States today? Milton Friedman, Senior Research Fellow, Hoover Institution, 1976 Nobel Laureate in Economic Sciences discusses how he balances the libertarians' desire for a small, less intrusive government with environmental, public safety, food and drug administration, and other issues. A senior research fellow at the Hoover Institution from 1977 to 2006, he was interviewd here on February 10, 1999.
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Added: 10 years ago.
Topic: 9. Chicago School

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