Wednesday, August 19, 2009

Free to Choose

In 1980, the United States was mired in a deep recession. Unemployment would eventually hit 10%. Interest rates would rise to the high teens. The United States appeared exhausted and helpless. The Soviet Union bristled with nuclear weapons and imperial ambition. The Japanese appeared economically ascendant.

1980 was also the year that Milton and Rose Friedman broadcast the first episode of the PBS series Free to Choose: A Personal Statement. Those broadcasts played an important role in the popular revival of free market ideas.

Now the entire series is available via

At a time when we are wrestling with our own economic demons, it may be useful to revisit some old friends.

1 comment:

r.delaney4 said...

Rose & Milton Friedman changed my life with the book & PBS series "Free To Choose." They made us realize that government was the cause, not the solution to our problems! We have plenty of great Economists, particularly of the Austrian School persuasion. What we are lacking are leaders with the vision and determination of Ronald Reagan and Margret Thatcher.
Obama is a socialist CLOWN!