Saturday, November 26, 2011

What Milton Friedman might say to the Occupy movement

A couple of videos of Milton Friedman have been circulating in the Internet, in connection to the question posed in the headline of this post. In my opinion they are not directly relevant to Occupy Wall St., yet the contain very valuable points:

1. How family values curiously contribute to the welfare

2. How government creates poverty. In this one he touches upon the important misconception - whether it is governments responsibility to take care of the poor. Given that most protest movements are directed against the  governments, it is worth reminding that in a democratic society the particular people in the governments are merely our elected representatives. It is our responsibility, via democratic channels, to improve our society.

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