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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 9 What is Wrong with the Welfare State? (Lecture)
10.00 48 minutes The welfare state is an attempt to “do good” with someone else’s money. The aim may be worthy but the means are faulty. The problem is that you do not spend someone else’s money as carefully as your own. More to the point, it’s impossible to “do good” with someone else’s money without first taking it away from someone else. That implies coercion—the use of bad means to corrupt the good ends of the welfare state. Welfare programs implicitly encourage competition for government funds and create unfortunate divisions and antagonisms in our society that erode individual freedom. We must find other means—voluntary cooperation and private giving, for example — to achieve our objective. Recorded at University of Rochester
