The Future of Freedom

   Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science, was one of the most recognizable and influential proponents of liberty and markets in the 20th century, and leader of the Chicago School of economics. In this lecture from a 1987 California Libertarian Party conference, Friedman attempts to pin down the likely future […]

Maintaining a Free Society

   Milton Friedman, the recipient of the 1976 Nobel Prize for Economic Science, was one of the most recognizable and influential proponents of liberty and markets in the 20th century. This is a clip from Friedman’s first guest appearance on The Open Mind, a public affairs interview show hosted by Richard Heffner. This tape aired […]

Libertarianism and Humility

   On August 14, 1990, at the International Society for Individual Liberty’s 5th World Libertarian Conference, Milton Friedman took a step back from the details of public policy issues and discussed basic libertarian beliefs and values. “I have no right to coerce someone else,” he said, “because I cannot be sure that I’m right and […]

Father of the All-Volunteer Military

Steven Bucci July 31, 2012    Milton Friedman, who would be 100 years old today, is primarily remembered as a Nobel Prize winner in economics. But for all his achievements in his chosen field, it is a very different accomplishment that may be his biggest legacy. Friedman is known by those in the defense field as the […]

A Biography of Milton Friedman

The Great Depression of the 1930s was blamed on free markets and brought a vast expansion of government interference with the economy. Anybody who favored rolling back the power of government inevitably faced the question, “What about the Great Depression?” Without all the laws from that era, it was feared, there would again be high […]

Organized Crime: The Unvarnished Truth About Government

I N T R O D U C T I O N Austrian Political Economy The late Milton Friedman once said that if the average tariff rate in America was a few percentage points lower than it would otherwise be thanks to infl uence of academic economists, that would more than justify all of their salaries and then […]

Classical Liberalism and the Austrian School

by Ralph Raico Preface by David Gordon Ralph Raico in this brilliant book calls to our attention the dictum of Augustin Thierry: “The great precept that must be given to historians is to distinguish instead of confounding” (p. 136). Thierry, as Raico shows, did not always follow his own advice; but the remark perfectly describes the historical writing of […]