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Milton Friedman: Normal state of man is tyranny and misery

Milton Friedman: Normal state of man is tyranny and misery

(9:06) American economist Milton Friedman's conjecture on "Golden Ages" throughout history and flaws in the welfare state. From 1977.

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nsavoidscivilliberty nsavoidscivilliberty (558 days ago)

A prudent, accountable and adaptable government requires the internet remain a tool of peoples' freedom instead of the government's tool of oppression.

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A prudent, accountable and adaptable government requires the internet remain a tool of peoples' freedom instead of the government's tool of oppression.

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Casey Casey (556 days ago)

Govt. will always end up acting in its own interest over that of its citizens. Why wouldn't it?

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Govt. will always end up acting in its own interest over that of its citizens. Why wouldn't it?

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iknowlessthanyoudo iknowlessthanyoudo (556 days ago)

On rare occassions, the peoples' and government's interest have been known to coincide. Like when your driveway is still connected to a public road whenever you pull your head out of your gun safe and look out your living room window.

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On rare occassions, the peoples' and government's interest have been known to coincide. Like when your driveway is still connected to a public road whenever you pull your head out of your gun safe and look out your living room window.

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Casey Casey (555 days ago)

The problem is the cost, as Friedman notes the cost of govt. has gone up from 10% in 1929 to 40% and more in England and that was in 1977. Of course now running deficits in the trillions is considered normal....until it's not. We are heading back towards tyranny and misery in most developed countries of the world and its all due to mismanagement, waste and abuse by governments.

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The problem is the cost, as Friedman notes the cost of govt. has gone up from 10% in 1929 to 40% and more in England and that was in 1977. Of course now running deficits in the trillions is considered normal....until it's not. We are heading back towards tyranny and misery in most developed countries of the world and its all due to mismanagement, waste and abuse by governments.

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iknowlessthanyoudo iknowlessthanyoudo (555 days ago)

Over half current federal government spending, (new since 1929) is for Social Security and Medicare. Your nostalgia for smaller government of 80 years ago would return us to the days when dying aged clog our drainage gutters and average life spans were nearly half what they are today. You fit the profile of a Republican. However, I do agree that the 57 percent of non-entitlement program spending spent on the military is over 50% wasted.

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Over half current federal government spending, (new since 1929) is for Social Security and Medicare. Your nostalgia for smaller government of 80 years ago would return us to the days when dying aged clog our drainage gutters and average life spans were nearly half what they are today. You fit the profile of a Republican. However, I do agree that the 57 percent of non-entitlement program spending spent on the military is over 50% wasted.

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Casey Casey (555 days ago)

These programs are all very well until governments cannot finance them anymore. You can only borrow and tax the people so much...until you can't. The result is a large portion of the population completely lulled into thinking the govt. will look after them and with no alternative plan when the system breaks down, which is where we are heading. Pension plans are woefully underfunded, the only way to even try to fund these programs is by taxing our children and grandchildren who will probably never realise the benefits of those taxes. I agree the military is a huge waste of money, but then again that's government for you.

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These programs are all very well until governments cannot finance them anymore. You can only borrow and tax the people so much...until you can't. The result is a large portion of the population completely lulled into thinking the govt. will look after them and with no alternative plan when the system breaks down, which is where we are heading. Pension plans are woefully underfunded, the only way to even try to fund these programs is by taxing our children and grandchildren who will probably never realise the benefits of those taxes. I agree the military is a huge waste of money, but then again that's government for you.

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iknowlessthanyoudo iknowlessthanyoudo (555 days ago)
Latest comment:

You are correct. The $20+ billion/year subsidies to SS and medicare by illegal workers from Mexico borrowing legitimate social security numbers to gain work is declining rapidly. More illegal returned to Mexico than arrived the last few years. The promise of no retirement benefits after paying in for 20 years is more effective than building a wall. Possibly robots in Japan to care for the aged will have developed enough to deal with aged people who don't have children to care for them before our entitlement programs default. Meanwhile, we may as well fasten our seat belts for new entitlement programs as robots are expected to displace over 40% of the work force in the next 20 years.

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Latest comment:

You are correct. The $20+ billion/year subsidies to SS and medicare by illegal workers from Mexico borrowing legitimate social security numbers to gain work is declining rapidly. More illegal returned to Mexico than arrived the last few years. The promise of no retirement benefits after paying in for 20 years is more effective than building a wall. Possibly robots in Japan to care for the aged will have developed enough to deal with aged people who don't have children to care for them before our entitlement programs default. Meanwhile, we may as well fasten our seat belts for new entitlement programs as robots are expected to displace over 40% of the work force in the next 20 years.

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