John Fund’s talk in Little Rock 4-27-11(Part 3):

Ep. 7 – Who Protects the Consumer [1/7]. Milton Friedman’s Free to Choose (1980)

Milton Friedman served as economic advisor for two American Presidents – Richard Nixon and Ronald Reagan. Although Friedman was inevitably drawn into the national political spotlight, he never held public office.


In the clip above you can see Milton Friedman attack those who are always trying to get government to “protect the consumer” or protect “the environment.” Many people are always trying to protect people by getting government to limit their right to choose. Below is a very interesting story concerning California that I heard about recently by reading an article by John Fund.

Ep. 7 – Who Protects the Consumer [2/7]. Milton Friedman’s Free to Choose (1980)

On April 27, 2011 I got to hear John Fund of the Wall Street Journal speak at the first ever “Conservative Lunch Series” presented by  KARN and Americans for Prosperity Foundation at the Little Rock Hilton on University Avenue. This monthly luncheon will be held the fourth Wednesday of every month. 

After the luncheon I got to briefly talk to Mr. Fund and I told him that I have been getting some great numbers on the days that I blog about his Wall Street Journal articles. He asked the name of my blog and instead of telling him it was I told him to just google “Arkansas Milton Friedman” and he will pull up my website. Today I am showing why that phrase will identify my website. There are 4 video clips of Milton Friedman on this subject of protecting the consumer through government against which prohibits our freedom to choose.

Ep. 7 – Who Protects the Consumer [3/7]. Milton Friedman’s Free to Choose (1980)

In his speech he mentioned the struggle that Arnold Schwarzenegger had with the envirnomentalists in California. Below is an excerpt from an article that Mr. Fund wrote for the Wall Street Journal in Feb of 2010:

Governor Arnold Schwarzenegger is as green as any governor, from promoting alternative fuels to imposing carbon limits on California to fight climate change.

But even he’s had enough of the mindless interference with development that characterizes the actions of many environmentalists. In a state where one out of eight workers is unemployed, Mr. Schwarzenegger is asking the legislature for more authority to fast-track projects after they have undergone an environmental impact study.

“Right now the way it’s written, a lot of those laws, it’s an invitation to misuse them,” he told reporters last week. “And it holds up projects for too long a period of time, especially now.”

Mr. Schwarzenegger singled out environmental obstacles that are blocking construction of alternative energy farms in the Mojave Desert. Some of his green allies have become “fanatics,” he said, and “go overboard.” He then launched an extended riff explaining why he thought environmental objections to the Mojave Desert projects on the grounds they could hurt endangered species were, well, specious.

“So the environmentalists . . . are confused because they want to have renewable energy but then when it comes to the permitting process, creating that renewable energy and building the solar plants, they are then in the way. And they then talk about, ‘You cannot go and destroy this squirrel.'”

“I say, ‘What squirrel? I was out there, I didn’t see a squirrel.’

“They say, ‘Well, there could be a squirrel coming very soon.’

“So I say, ‘But there’s no squirrel there right now.’

“‘But you’ve got to protect things that could be there.'”

When Mr. Schwarzenegger was first elected in 2003, he promised to “blow up the boxes” of California’s government. He lost his enthusiasm for reform after a while, so it’s good to see him once again fighting the absurd constraints that California’s political class has imposed on job creation.

Ep. 7 – Who Protects the Consumer [4/7]. Milton Friedman’s Free to Choose (1980)

Dr. Friedman gives a speech at the 1976 Nobel ceremony.

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