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Season
Season 1 Episode
- Season 1 What is America? (Lecture)
- Season 1 What is America? (Q&A)
- Season 1 Myths That Conceal Reality (Lecture)
- Season 1 Myths That Conceal Reality (Q&A)
- Season 1 Is Capitalism Humane? (Lecture)
- Season 1 Is Capitalism Humane? (Q&A)
- Season 1 The Role of Government in a Free Society (Lecture)
- Season 1 The Role of Government in a Free Society (Q&A)
- Season 1 What is Wrong with the Welfare State? (Lecture)
- Season 1 What is Wrong with the Welfare State? (Q&A)
- Season 1 Money and Inflation (Lecture)
- Season 1 Money and Inflation (Q&A)
- Season 1 Is Tax Reform Possible? (Lecture)
- Season 1 Is Tax Reform Possible? (Q&A)
- Season 1 Producer vs Consumer (Lecture)
- Season 1 Free Trade: Producer vs Consumer (Q&A)
- Season 1 Energy Crisis: A Humane Solution (Lecture)
- Season 1 Energy Crisis: A Humane Solution (Q&A)
- Season 1 The Economics of Medical Care (Lecture)
- Season 1 The Economics of Medical Care (Q&A)
- Season 1 Putting Learning Back in the Classroom (Lecture)
- Season 1 Putting Learning Back in the Classroom (Q&A)
- Season 1 Who Protects the Consumer? (Lecture)
- Season 1 Who Protects the Consumer? (Q&A)
- Season 1 Who Protects the Worker? (Lecture)
- Season 1 Who Protects the Worker? (Q&A)
- Season 1 Equality and Freedom in the Free Enterprise System (Lecture)
- Season 1 Equality and Freedom in the Free Enterprise System (Q&A)
- Season 1 The Future of Our Free Society (Lecture)
- Season 1 The Future of Our Free Society (Q&A)
Milton Friedman Speaks - Season 1 Episode 27 Equality and Freedom in the Free Enterprise System (Lecture)
10.00 48 minutes If the government has the power and responsibility to promote equality of income, then how do we define the concept of equality? Jefferson, in his Declaration of Independence, meant equality before the law, a concept necessary precisely because people are not equal in tastes, values, or capacities. Later, equality came to mean equality of opportunity—the chance to run a fair race. Within a free market system, both definitions are consistent with other values: efficiency, justice, and liberty. More recently, equality has come to mean equality of outcome. Equality of outcome cannot be mandated, cannot be insured. Any serious attempt to achieve it would destroy freedom. Recorded at NASA at the College of William and Mary, Newport News Campus
