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  • Milton Friedman’s 98th Birthday: His Wisdom Shines Brighter Than Ever

    Tomorrow, July 31, would be Milton Friedman’s 98th birthday. To honor the great man, we offer a quote that, though written three decades ago, is shockingly relevant today.

    In his last major work, Free to Choose, Friedman wrote words of hope:

    Fortunately, we are waking up. We are again recognizing the dangers of an over-governed 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.

    We hope that Friedman the sage is also Friedman the prophet.

    As The Economic Freedom Agenda for America, a special publication by The Heritage Foundation, reminds us, “The important thing is to act now to arrest the decline of freedom and assert our rights as free people to set our own course toward greater prosperity in the future.”

    Posted in First Principles [slideshow_deploy]

    One Response to Milton Friedman’s 98th Birthday: His Wisdom Shines Brighter Than Ever

    1. JL Werner, Calabasas says:

      Mr. Friedman was truly a champion of individual freedom. For this reason, I still do not get why people have not chosen to believe in total freedom. The conspiracy against Hemp since 1937 is disgraceful, our founding fathers made it a requirement to grow hemp. It only took a few wealthy people to wipe away the word hemp from our history books. How long will the conservative base continue to support this conspiracy? There are millions of people out there who believe in the values of life, liberty, and the pursuit of happiness. I'm one, but I cannot understand the hypocrisy of this situation.

      At 92, Friedman is revered as one of the great champions of free-market capitalism during the years of U.S. rivalry with Communism. He is also passionate about the need to legalize marijuana, among other drugs, for both financial and moral reasons.

      "There is no logical basis for the prohibition of marijuana," the economist says, "$7.7 billion is a lot of money, but that is one of the lesser evils. Our failure to successfully enforce these laws is responsible for the deaths of thousands of people in Colombia. I haven't even included the harm to young people. It's absolutely disgraceful to think of picking up a 22-year-old for smoking pot. More disgraceful is the denial of marijuana for medical purposes."

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