New Interview with Milton Friedman

Tuesday, September 5th, 2006

Arnold Kling cites a passage from a New Interview with Milton Friedman:

But it’s always been true that business is not a friend of a free market…

the real problem here is where do you find the support for free markets? If free markets weren’t so damn efficient, they could never have survived because they have so many enemies and so few friends. People think of capitalism or free markets as something that obviously is supported by business. People think that if a business party is a party in politics, it will promote free market. But that’s wrong. It will be in the self-interest of individual businesses to promote a tariff here and a tariff there, to promote the use of ethanol…

By the way, Milton Friedman is 94 years old.

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