Why Government Is the Problem

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Hoover Institution Press, 1993 - Political Science - 18 pages

"The major social problems of the United States—deteriorating education, lawlessness and crime, homelessness, the collapse of family values, the crisis in medical care—have been produced by well-intended actions of government. That is easy to document. The difficult task is understanding why government is the problem. The power of special interests arising from the concentrated benefits of most government actions and their dispersed costs is only part of the answer. A more fundamental part is the difference between the self-interest of individuals when they are engaged in the private sector and the self-interest of the same individuals when they are engaged in the government sector. The result is a government system that is no longer controlled by "we, the people." Instead of Lincoln's government "of the people, by the people, and for the people," we now have a government "of the people, by the bureaucrats, for the bureaucrats," including the elected representatives who have become bureaucrats. At the moment, term limits appear to be the reform that promises to be most effective in curbing Leviathan."

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User Review  - HistReader - LibraryThing

This is simply a transcript of a speech he gave. It also includes several questions and answers following the speech. For the well read Friedman fan or anyone who has watched some of the videos ... Read full review

Outstanding essay

User Review  - armchairecon - Overstock.com

Milton Friedman is truly the greatest economist of our generation. This essay is short and not at all the kind heavy reading one expects from an economist but still manages to effectively communicate ... Read full review

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About the author (1993)

Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science, was a senior research fellow at the Hoover Institution from 1977 to 2006. He passed away on Nov. 16, 2006. He was also the Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976, and a member of the research staff of the National Bureau of Economic Research from 1937 to 1981.