Open letter to President Obama (Part 650) “The Tyranny of Control” in Milton Friedman’s FREE TO CHOOSE Part 6 of 7 (Transcript and Video) “We are the ones who promote freedom, and free enterprise, and individual initiative, And what do we do? We force puny little Hong Kong to impose limits, restrictions on its exports at tariffs, in order to protect our textile workers”

Open letter to President Obama (Part 650) (Emailed to White House on July 22, 2013)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

______________________________

In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount.  I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “What is wrong with our schools?”  and “Created Equal”  and  From Cradle to Grave, and – Power of the Market. In this episode “The Tyranny of Controls” Milton Friedman shows how government planning and detailed control of economic activity lessens productive innovation and consumer choice.

In this episode Milton Friedman asserts:

I think the United States would prosper in a way that is hardly imaginable today. It would be an example and a beacon to the rest of the world. What kind of sense does it make, here we are supposedly the leaders of the world. We are the ones who promote freedom, and free enterprise, and individual initiative. And what do we do? We force puny little Hong Kong to impose limits, restrictions on its exports at tariffs, in order to protect our textile workers. We go to Japan, and we say to Japan, “For God sakes, you got to limit the number of television sets you come out.” Instead of doing that, we ought to be setting an example to the world, and if we set the kind of an example to the world that Great Britain set to the world in the 19th century, it would be a tremendous __ it would have a tremendous impact, it would strengthen our moral position in the world, it would strengthen our ethical position in the world.

________________________________

Milton Friedman’s Free to Choose – Ep.2 (6/7) – The Tyranny of Control

McKENZIE: How close are you to what Deason was saying a moment ago in this area? He would seem to be arguing with you that there was a responsibility to make competition work.

FRIEDMAN: The responsibility is to set up a framework of laws and of arrangements, under which competition will flourish. And the most __

McKENZIE: Inevitably flourish? I mean, or __

FRIEDMAN: Well, so far as I know, I don’t know of any case in history in which monopolies have been able to maintain themselves for very long without having government assistance directly come in on their side. The trade union monopolies that Mr. Deason represents would never have the kind of power they do now if it weren’t for the special privileges which government has granted to them. I can perfectly well understand his being in favor of such action, of antitrust action by the government, because it really is pro-monopoly action, in the main.

DEASON: Why were those exemptions to monopoly laws given to unions?

FRIEDMAN: Because of the political power of unions, of course. I’m not questioning that.

DEASON: and because __ and because of the tremendous imbalance of power of companies at the time that unions were getting their start.

McKENZIE: There’s one concluding idea toward the end of your script that I’d like to look at, because it seemed to me to be most provocative. You talked about the need for constitutional restraints on governments to prevent them interfering in foreign exchange free markets, and in foreign trade. Now what have you in mind, Milton, when you say “constitutional restraints”?

FRIEDMAN: I __ no doubt what I have in mind if I, if I could persuade the public, I would like it to adopt a constitutional amendment strictly parallel to the constitutional prohibition in the text of the constitution, against the central government __ I’m sorry, against state governments imposing tariffs on imports. I would like to have a constitutional amendment which would read, “The Congress shall not impose any taxes, any taxes on imports, or give any subsidies to exports, except such as may be necessary,” I think the wording of the constitution is that the states are permitted to do it if it’s necessary for inspection. That’s the excuse under which California inspects you every time you drive past to see whether you’re carrying any plants or fruits or vegetables.

DEASON: Milton, let me ask you a question: How long do you think that the United States would survive if the United States enacted what you would like to have?

FRIEDMAN: I think the United States would prosper in a way that is hardly imaginable today. It would be an example and a beacon to the rest of the world. What kind of sense does it make, here we are supposedly the leaders of the world. We are the ones who promote freedom, and free enterprise, and individual initiative. And what do we do? We force puny little Hong Kong to impose limits, restrictions on its exports at tariffs, in order to protect our textile workers. We go to Japan, and we say to Japan, “For God sakes, you got to limit the number of television sets you come out.” Instead of doing that, we ought to be setting an example to the world, and if we set the kind of an example to the world that Great Britain set to the world in the 19th century, it would be a tremendous __ it would have a tremendous impact, it would strengthen our moral position in the world, it would strengthen our ethical position in the world. Instead of giving money to underdeveloped countries to produce products which we then refuse to buy and don’t let them export to us, we would be saying to the rest of the world, “If you produce anything, if you can produce anything and have a market here, come, we’re delighted to buy it, and we’ll produce things for you to buy.” That’s the kind of a pattern I would like to see the United States establish.

McKENZIE: Would your members buy that?

DEASON: Never. That’s a __

FRIEDMAN: Never is a long word, sir.

DEASON: Yes, you’re right.

FRIEDMAN: __ and you must distinguish between __

DEASON: And one should never say never.

FRIEDMAN: Your union officials would not buy it. But I am not sure your members wouldn’t.

DEASON: My members would not. No. My members would never buy it either. I cannot conceive of the United States setting itself up to become a target for the rest of the world.

FRIEDMAN: It’s not a target.

DEASON: There would be absolutely nothing that would require or compel any other country to enact any reciprocal agreements relative to tariffs__

FRIEDMAN: That’s right.

DEASON: __ and until such time as they have succeeded in dumping in the United States __ and I used dumping in the broadest sense of the word __ any and every product, either government subsidized by a foreign government, either put there because of multinational corporations manufacturing facilities in a foreign country, until they have succeeded in absolutely draining us dry __

FRIEDMAN: Draining us dry of what?

DEASON: Of every __ of every asset.

FRIEDMAN: How?

DEASON: Of every __

FRIEDMAN: What would they do with the dollars they got?

DEASON: They’d probably buy up, as they are now, as they __

FRIEDMAN: If they bought up __

RUMSFELD: The choice farmland.

FRIEDMAN: Yes. Yes.

McKENZIE: Let’s broaden this. On this very argument, now and a constitutional amendment argument. We’ve learned from our union friend he would __ can’t sell it and won’t sell it. Would business buy it?

RUMSFELD: Oh, no! They __ speaking __ (Several people talking at once.)

RUMSFELD: I’m not saying whether I’d buy it. No, no, but if business would help, which is the question. No, when I __ I speak not as a businessman, but as an ex-government employee, whenever proposals like that came up, one of the first things people see happen is government __ business and labor come in in lockstep, saying, “Horrors, horrors, the sky is falling.” There’s a commonality of interests there and people get used to what is, they get terribly conservative, and they know how to work the system the way it exists, and particularly the big unions and the big business, and they get very satisfied with it, they can manage it pretty well, and any time you try to unravel any kind of regulation or restriction or government intrusion, they’re philosophically for it, but in the practical world, they don’t want you to change the drill, they just figured out how to work this. Why should you then change it and make it all the more complicated. No, I think you’d get a good deal of reaction, just like you did out of the steel company in your television show.

McKENZIE: And what would the international reaction, do you think, as an international economist. Supposing Milton got his amendment, constitutional amendment, which had that effect, how would other countries react to it?

___________________________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Related posts:

“The Power of the Market” episode of Free to Choose in 1990 by Milton Friedman (Part 1)

Milton Friedman The Power of the Market 1-5 How can we have personal freedom without economic freedom? That is why I don’t understand why socialists who value individual freedoms want to take away our economic freedoms.  I wanted to share this info below with you from Milton Friedman who has influenced me greatly over the […]

“Friedman Friday,” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 1)

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full) Published on Mar 19, 2012 by NoNationalityNeeded Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. We must not head down the path of socialism like Greece has done. Abstract: Ronald Reagan […]

________________

“Friedman Friday” (“Free to Choose” episode 3 – Anatomy of a Crisis. part 3 of 7)

Worse still, America’s depression was to become worldwide because of what lies behind these doors. This is the vault of the Federal Reserve Bank of New York. Inside is the largest horde of gold in the world. Because the world was on a gold standard in 1929, these vaults, where the U.S. gold was stored, […]

“Friedman Friday” (Part 16) (“Free to Choose” episode 3 – Anatomy of a Crisis. part 2 of 7)

  George Eccles: Well, then we called all our employees together. And we told them to be at the bank at their place at 8:00 a.m. and just act as if nothing was happening, just have a smile on their face, if they could, and me too. And we have four savings windows and we […]

“Friedman Friday” (“Free to Choose” episode 3 – Anatomy of a Crisis. part 1of 7)

Milton Friedman’s Free to Choose (1980), episode 3 – Anatomy of a Crisis. part 1 FREE TO CHOOSE: Anatomy of Crisis Friedman Delancy Street in New York’s lower east side, hardly one of the city’s best known sites, yet what happened in this street nearly 50 years ago continues to effect all of us today. […]

By Everette Hatcher III | Also posted in Current Events | Edit | Comments (0)

____________________________

_____________


________________________________________________

_____________________________________________

Friedman Friday” Free to Choose by Milton Friedman: Episode “What is wrong with our schools?” (Part 3 of transcript and video)

Friedman Friday” Free to Choose by Milton Friedman: Episode “What is wrong with our schools?” (Part 3 of transcript and video) Here is the video clip and transcript of the film series FREE TO CHOOSE episode “What is wrong with our schools?” Part 3 of 6.   Volume 6 – What’s Wrong with our Schools Transcript: If it […]

Friedman Friday” Free to Choose by Milton Friedman: Episode “What is wrong with our schools?” (Part 2 of transcript and video)

Here is the video clip and transcript of the film series FREE TO CHOOSE episode “What is wrong with our schools?” Part 2 of 6.   Volume 6 – What’s Wrong with our Schools Transcript: Groups of concerned parents and teachers decided to do something about it. They used private funds to take over empty stores and they […]

By Everette Hatcher III | Also posted in Vouchers | Edit | Comments (1)

Friedman Friday” Free to Choose by Milton Friedman: Episode “What is wrong with our schools?” (Part 1 of transcript and video)

Here is the video clip and transcript of the film series FREE TO CHOOSE episode “What is wrong with our schools?” Part 1 of 6.   Volume 6 – What’s Wrong with our Schools Transcript: Friedman: These youngsters are beginning another day at one of America’s public schools, Hyde Park High School in Boston. What happens when […]

By Everette Hatcher III | Also posted in Vouchers | Tagged , , , , | Edit | Comments (0)

Friedman Friday” Free to Choose by Milton Friedman: Episode “Created Equal” (Part 3 of transcript and video)

Friedman Friday” Free to Choose by Milton Friedman: Episode “Created Equal” (Part 3 of transcript and video) Liberals like President Obama want to shoot for an equality of outcome. That system does not work. In fact, our free society allows for the closest gap between the wealthy and the poor. Unlike other countries where free enterprise and other […]

Free to Choose by Milton Friedman: Episode “Created Equal” (Part 2 of transcript and video)

Free to Choose by Milton Friedman: Episode “Created Equal” (Part 2 of transcript and video) Liberals like President Obama want to shoot for an equality of outcome. That system does not work. In fact, our free society allows for the closest gap between the wealthy and the poor. Unlike other countries where free enterprise and other freedoms are […]

Free to Choose by Milton Friedman: Episode “Created Equal” (Part 1 of transcript and video)

 Milton Friedman and Ronald Reagan Liberals like President Obama (and John Brummett) want to shoot for an equality of outcome. That system does not work. In fact, our free society allows for the closest gap between the wealthy and the poor. Unlike other countries where free enterprise and other freedoms are not present.  This is a seven part series. […]

Milton Friedman Friday: (“Free to Choose” episode 4 – From Cradle to Grave, Part 3 of 7)

 I am currently going through his film series “Free to Choose” which is one the most powerful film series I have ever seen. PART 3 OF 7 Worse still, America’s depression was to become worldwide because of what lies behind these doors. This is the vault of the Federal Reserve Bank of New York. Inside […]

By Everette Hatcher III | Edit | Comments (0)

Milton Friedman Friday:(“Free to Choose” episode 4 – From Cradle to Grave, Part 2 of 7)

 I am currently going through his film series “Free to Choose” which is one the most powerful film series I have ever seen. For the past 7 years Maureen Ramsey has had to buy food and clothes for her family out of a government handout. For the whole of that time, her husband, Steve, hasn’t […]

Friedman Friday:(“Free to Choose” episode 4 – From Cradle to Grave, Part 1 of 7)

Friedman Friday:(“Free to Choose” episode 4 – From Cradle to Grave, Part 1 of 7) Volume 4 – From Cradle to Grave Abstract: Since the Depression years of the 1930s, there has been almost continuous expansion of governmental efforts to provide for people’s welfare. First, there was a tremendous expansion of public works. The Social Security Act […]

By Everette Hatcher III | Edit | Comments (0)

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 3 of 7)

  _________________________   Pt3  Nowadays there’s a considerable amount of traffic at this border. People cross a little more freely than they use to. Many people from Hong Kong trade in China and the market has helped bring the two countries closer together, but the barriers between them are still very real. On this side […]

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 2 of 7)

  Aside from its harbor, the only other important resource of Hong Kong is people __ over 4_ million of them. Like America a century ago, Hong Kong in the past few decades has been a haven for people who sought the freedom to make the most of their own abilities. Many of them are […]

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 1of 7)

“FREE TO CHOOSE” 1: The Power of the Market (Milton Friedman) Free to Choose ^ | 1980 | Milton Friedman Posted on Monday, July 17, 2006 4:20:46 PM by Choose Ye This Day FREE TO CHOOSE: The Power of the Market Friedman: Once all of this was a swamp, covered with forest. The Canarce Indians […]

By Everette Hatcher III | Posted in Current Events, Milton Friedman | Edit | Comments (0)

“Friedman Friday,” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 1)

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full) Published on Mar 19, 2012 by NoNationalityNeeded Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. We must not head down the path of socialism like Greece has done. Abstract: Ronald Reagan […]

By Everette Hatcher III | Posted in Milton FriedmanPresident Obama | Edit | Comments (1)

“The Failure of Socialism” episode of Free to Choose in 1990 by Milton Friedman (Part 1)

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full) Published on Mar 19, 2012 by NoNationalityNeeded Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. We must not head down the path of socialism like Greece has done. Abstract: Ronald Reagan […]

By Everette Hatcher III | Posted in Milton FriedmanRonald Reagan | Edit | Comments (0)

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: