![]() When the feds mess with the economy things get worse even though politicians are trying to make them better.Freedom, both political and economic, is healthier when government is small and decentralized.Here are the 3 most important lessons I got out of this book: He also reveals how monopolies, poorer living standards, and inequality all result when politicians get too involved in the economy. In this book, Friedman teaches the benefits of capitalism. Milton Friedman, author of Capitalism and Freedom: A Leading Economist’s View of the Proper Role of Competitive Capitalism, would have been worried about all of this. On the other hand, the tenets of communism are back on the rise. ![]() In the words of Margaret Thatcher, “there is no alternative.”īut now, in the wake of the 2008 financial crisis, politicians and citizens are questioning whether the risks of this economic standard are worth it. Government leaders and scholars both agreed that this was the way to go. The smashing victory of the West’s capitalism over Soviet socialism in the Cold War cemented it as the leading system. Listen to the audio of this summary with a free reading.fm account*: ![]()
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