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Each David Boaz and Bryan Caplan lately despatched a hyperlink to a YouTube audio recording of a chat that Milton Friedman gave within the early Nineteen Nineties. After his speak got here a backwards and forwards between Milton, moderator David Boaz, Hannes Gissurarson, Sally Pipes, and me.
Milton was his traditional cogent and clear self, surveying the panorama and specializing in ways in which authorities messed issues up in space after space.
I received’t hassle giving play by play however I’ll spotlight a number of issues with a tough estimate of the place they seem within the 1 hour and 19 minute audio.
There’s an attention-grabbing dialogue beginning at 38:00 concerning the low high quality of programming on TV, with me advising Hannes to get cable and Milton stating that the FCC had banned pay TV for years. It jogged my memory of my first main journey in United States when my buddy Clancy Smith and I hitchhiked and took buses from Rockford, IL to Philadelphia after which went on to New York. Within the midwest, we noticed adverts on film theatre marquee saying “Cease Pay TV.” In New York, as Clancy famous, it was barely extra refined: “Save Free TV.”
Good dialogue of medical care at round 47:00.
On the 58:00 level, Milton says, “Nobody believes in majority rule as a normal precept.” He makes his case properly along with his 60/40 instance.
On the 59:38 level, in a dialogue of the way you get change that undercuts particular curiosity laws, David Boaz says, “Mancur Olson’s guide The Rise and Decline of Nations made it seem like you need to lose a battle.”
Fascinating dialogue across the 1:03:00 level about whether or not Milton is correct that altering the personnel in authorities doesn’t work. David Boaz provides the Alfred Kahn counterexample.
One argument Milton makes use of a few instances in his speak and within the dialogue has much less drive than it used to: he objects to taxing poor and low-income individuals to assist middle- and higher-income individuals. Given the way in which the federal tax system has advanced, poor individuals pay no revenue tax and even lower-income individuals pay little or no revenue tax. It’s slightly totally different on the state stage.
Word: The image within the featured picture is from that day. Milton is on the head of the desk, Hannes and David Boaz are on the left, with Hannes closest to Milton, and I’m on the best. I assume it was Sally who took the image. In these days, I don’t assume we had timers on cameras and, even when we did, nobody had purchased a tripod.
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