Positions Advocated
The Friedmans advocate laissez-faire economic policies, often criticizing interventionist government policies and their cost in personal freedoms and economic efficiency in the United States and abroad. The authors argue against government taxation on gas and tobacco and government regulation of the public school systems. The Friedmans argue that the Federal Reserve exacerbated the Great Depression by neglecting to prevent the decline of the money supply in the years leading up to it.
On the subject of welfare, the Friedmans argue that current welfare practices are creating "wards of the state" as opposed to "self-reliant individuals" and suggest a negative income tax as a less harmful alternative. The Friedmans also argue for abolishing the Food and Drug Administration, tighter control of Fed money supply, and the repeal of laws favoring labor unions.
Read more about this topic: Free To Choose
Famous quotes containing the words positions and/or advocated:
“... liberal intellectuals ... tend to have a classical theory of politics, in which the state has a monopoly of power; hoping that those in positions of authority may prove to be enlightened men, wielding power justly, they are natural, if cautious, allies of the “establishment.””
—Susan Sontag (b. 1933)
““Come unto me,” [Krokowski] was saying, though not in those words, “come unto me, all ye who are weary and heavy-laden”.... He spoke of secret suffering, of shame and sorrow, of the redeeming power of the analytic. He advocated the bringing of light into the unconscious mind.”
—Thomas Mann (1875–1955)