Free to choose: a personal statement: Milton & Rose Friedman

All who listen to this masterful and lucid polemic for a free market economy will never question Milton Friedman's Nobel Prize in economics. Friedman and his wife Rose team to write a most convincing and readable guide that illustrates the crucial link between Adam Smith's capitalism and the free society In this powerful and persuasive book two distinguished economists, Milton Friedman and his wife, Rose, unravel the mysteries of economics for the man or woman in the street (Wall Street or Main Street). They show us how our freedom has been eroded and our prosperity undermined through the explosion of laws, regulations, agencies, and spending in Washington, how good intentions often produce deplorable results when government is the middleman. And then they tell us what to do if we want to expand our freedom and promote prosperity. If you have ever wondered why you are paying someone else's old-age pension instead of saving for your own old age, why the Federal Reserve doesn't control inflation and recessions as it was set up to do, why some industries and some workers get a better shake than the rest of us, whether equal opportunity for all also has to mean that everyone gets the same income regardless of productivity, this book is for you. Milton and Rose Friedman assert our free society is in danger. Their analysis of what went wrong and how to correct it, so forcefully and clearly expressed in this book, is vital to America's future economic health. - Jacket flap. Monograph arguing for market economy and democracy in relation to economic development and human rights, particularly in the USA - gives examples of expansion of government control relating to the 1929 economic recession, tariff policy, inflation monetary policy and price policy, social policy, educational policy, consumer protection, labour policy, etc. Emphasizing the failure of state intervention and planned economy to promote freedom and welfare, and notes public opinion on decentralization and tax limitation. Graphs and references Introduction The power of the market The tyranny of controls The anatomy of crisis Cradle to grave Created equal What's wrong with our schools? Who protects the consumer? Who protects the worker? The cure for inflation The tide is turning Appendices. Socialist platform of 1928 A proposed constitutional amendment to limit federal spending Examines the economic system in the United States, discusses governmental agencies and regulations, and analyzes current problems.