Johan Norberg travels along the same path Milton Friedman did thirty years prior. Asking the same questions Milton did, about Freedom and Equality. No matter where you come from, whenever you have a problem, it’s tempting to look to the government to look for the solutions. Since the recession of 2008, we've seen unprecedented government intervention in the financial sector, and in the automotive industry. We've seen new spending programs, more tariffs and new regulations. And we've seen the largest buildup of government debt in American history; a debt that might haunt us for generations.
Some people blame the financial crisis on Milton Friedman and his theories of free markets, but Friedman would say that economic freedom is not just to reap the rewards when times are good; it’s also to bear the consequences of your actions when times are bad. We don’t have free markets as long as speculators can keep the profits when they win, but send the losses to the taxpayers when they lose.
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