Tuesday, September 1, 2009

Milton Friedman on the responsibility to the poor

The video below is from a 1978 debate between Milton Friedman and members of the student body at Stanford University. In one segment, Dr. Friedman receives a question on the government’s responsibility to the poor. He calmly replies that the government holds no responsibility over poverty, only people do.

Agitated murmurs from the audience can be heard as a student shouts, “Have you ever been on welfare…or poor,” implying that a wealthy economist, such as Milton Friedman, could not empathize with poor people and thus could not prescribe a proper remedy.

Milton Friedman quickly replies, “Of course…but that is all irrelevant. Is there one of you who is going to say you don’t want a doctor to treat you for cancer unless he himself has had cancer?”

[Via http://freemarketmojo.wordpress.com]

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