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My guest today is Milton Friedman, one of Michael’s favorite dead guests to bring on the podcast. Milton foreshadows Uber, talks about the deep state (without mentioning the deep state), brings up airline service and monopoly. His solutions to problems in government 35 years ago were to cut government spending, hold monetary growth back and cut regulations. The same solutions to government are at the forefront of American politics today. Today, Michael curates two interviews between Phil Donahue and Milton Friedman. These interviews were recorded back in the 1980’s, but many of the points made are more relevant today than ever.
The topic is airline service and monopoly.
In this episode of Trend Following Radio:
- Government spending
- Liberty in trading
- Government regulation
- Unknowingly supporting private interests
- How to prevent monopoly
- Legalizing drugs
- Prohibition
“I don’t believe government is the mother of children, I don’t believe it is the father of children, I believe government is a way in which you and I and our fellow citizens achieve certain things jointly that we can’t achieve separately.” – Milton Friedman
“The private market system is a system of profit and loss. And the loss part is just as essential as the profit part.” – Milton Friedman
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