Tyranny of the Status QuoFree to Choose was an international best-seller in 1980. Its forceful message influenced a number of world leaders -- among them Ronald Reagan and Margaret Thatcher. The Friedmans explained how free markets enable people to make the best use of their talents. In Tyranny of the Status Quo, Milton and Rose Friedman describe a remarkable political phenomenon: the uniform tendency in government to reverse the declared policies of leaders whether left or right. In the first six to nine months following their election, Reagan, Thatcher, and Mitterand, too, initiated big changes. Soon, each was frustrated by the Iron Triangle which preserves the status quo. In the triangle's corners are the direct beneficiaries of laws, the bureaucrats who thrive on them, the politicians who seek votes. |
Contents
Promise and Performance | 1 |
Government Spending Taxes and Deficits | 11 |
Government Spending Taxes and Deficits | 35 |
Copyright | |
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achieve addict Administration automobile benefits bracket creep budget bureaucrats CALIFORNIA/SANTA CRUZ UNIVERSITY Chrysler Congress Constitutional route cost countries crime CRUZ The University decades decline in inflation defense spending deficit dollars drugs economic effect election expenditures expense favor federal government Federal Reserve federal spending finance fiscal flat tax funds government spending governmental important incentive income support income tax increase industries institutions interest rates iron triangle legislation less Library The University major marijuana measures ment million Milton Friedman monetary growth money supply national income percent Percentage of National persons political present President Reagan's produced programs proposed public schools quantity of money receipts recession reduce result revenue rise Ronald Reagan Social Security status quo subsidies tax rates taxicab taxpayers tion trend tyranny U.S. steel unem unemployed unemployment United University Library UNIVERSITY UNIVERSITY OF CALIFORNIA/SANTA vote voucher wage welfare