Episode 82 – Milton Friedman Speaks – “Equality and Freedom in the Free Enterprise System” (Podcast)

To celebrate the 40th Anniversary of Free To Choose, we are sharing some of Milton Friedman’s most compelling talks. In this original recording, Friedman explores equality and freedom in the free enterprise system. If the government has the power and responsibility to promote equality of income, then how do we define the concept of equality? Jefferson, in his Declaration of Independence, meant equality before the law, a concept necessary precisely because people are not equal in tastes, values, or capacities. Later, equality came to mean equality of opportunity—the chance to run a fair race. Within a free-market system, both definitions …