Milton Friedman , Thomas Sowell.
Milton Friedman , he also does tend to have friends who agree with him, yet he's always willing to debate his opponents,
- Milton Friedman didn't get such things.
Milton Friedman , Anna Schwartz are onto something."
Milton Friedman in 1970 wrote an article in "The New York Times" called "The Social Responsibility of Business is to Increase Its Profits."
Milton Friedman 's great idea.
Milton Friedman , that notorious socialist, advocated for a negative income tax a lot.
- And Milton Friedman didn't get such things.
So Milton Friedman actually lives through the Great Depression.
So Milton Friedman 's family, his parents are immigrants, Jewish immigrants from Eastern Europe.
So Milton Friedman is stepping into a field in which the greats have been discredited and there's an enormous economic crisis all around.
with Milton Friedman .
And Milton Friedman and a thousand economists signed the studies in the late '60s saying this would be tremendous for both the economy and society.
I mean Milton Friedman famously wrote in "The New York Times" 50 years ago that the social responsibility of business is to make a profit for their shareholders, and obey the law,
The economist Milton Friedman once said, only a crisis, real or perceived, creates actual change.
Let me start with Milton Friedman .
Let's see-- Milton Friedman , the famous economist, once said,
There is nothing in Milton Friedman , that nice man I shared the sauna with, I was about to say shower.
This is Milton Friedman --right-wing, Nobel Prize winning economist, agreed to sign the brief but only if the word "no brainer" was in the brief somewhere.
In fact Milton Friedman went to Chile and and presented him with a plan.
So beyond this idea that Milton Friedman takes a while to come to his justification of capitalism, whereas Ayn Rand kind of has it from the start.
- Would it be fair to say that Milton Friedman had a bit more intellectual humility, where he would be able to sort of evolve over time
Let me try to summarize who Milton Friedman is and then you can correct me.
That's where-- that's how Milton Friedman changed things in the direction that they went in the 1980s.
But another thing is I actually like Milton Friedman and admire his works.
to Washington to consult with Milton Friedman about what to do, which obviously gave him and other economist a certain confidence in what they could do with these tools.
- And I just did a super long podcast on Milton Friedman with Jennifer Burns, who's this incredible professor at Stanford, and he was part of the Reagan.
So Milton Friedman and Ayn Rand, in the biggest picture, they're both individualists, and they're skeptical of collectivities and collectivism.
Whereas Friedman, Milton Friedman eventually converges on this idea of freedom.
And Frank Knight, Milton Friedman 's teacher, is one of the minority neoclassical economists.
There is a moment when they do an interview with Milton Friedman , and they ask him about liberals.
And I don't think we get to blame Milton Friedman and the market when we start to make things worse just because we can make a dollar.
So an early one came from the famous Chicago school economist Milton Friedman .
So I'm not sure we really refute or disagree with Milton Friedman on the end.
And yet, that was Milton Friedman , to my somewhat junior self.
Nixon Kissinger, Milton Friedman uh Jesse Helms, the first CIA director
She wrote two biographies, one on Milton Friedman and the other on Ayn Rand, both of which I highly recommend.
You have written two biographies, one on Milton Friedman and one on Ayn Rand.
First, I would like to quote Milton Friedman .
Business exists to make a profit, the Milton Friedman school of thought.
Originally, I found a study by Milton Friedman from sometime in the '70s when he'd been talking about this idea.
and George W. Bush, and even like Milton Friedman and guys like that, and Thomas Sowell, it's like you want a constitutionally limited world empire?
By the way, you know, Milton Friedman 's old videos are all on YouTube.
- Nevertheless, there are still pragmatic ideas that are still important today from Milton Friedman , even just on the economics level.
And even professional licensing, of course, Milton Friedman famously argued that not even doctors and lawyers should be licensed.
Um Milton Friedman and the Chicago School
So first, the book we're talking about is the "A Monetary History of the United States," in part for which Milton Friedman won the Nobel Prize.
There are the classical liberals, where, for example, Adam Smith or Milton Friedman himself could fit.
And basically, Ayn Rand, and at one point, Milton Friedman , based on his own son, he says, but if you look closely, there are some who are anarchists.
Well, anybody who wants to attack the current approach to business will look at this statement 50 years ago, almost to this month, by Milton Friedman , which