Pan-Liberalism Part 2 (#ThingsSebSays)

Do you recall a post I did on the Lib Dems not being a party of liberalism a couple of weeks ago for the new Pan Liberals blog? Well we now have a rebuttal written by my friend, but sadly Lib Dem, Seb Bench. Seb claims the Lib Dems are still a party of liberalism although there has been changes from the Liberal Party of yesteryear. Make sure you read here.

 

One thing I would like to say in reply to Seb however is that the free market is not free if you break the law so those business who are fraudulent should be punished. Also here is an interesting piece on the Ford Pinto from our good friend Milton Friedman.

Happy Birthday Milton Friedman

Today is Milton Friedman's 101st Birthday. He was one of the most influential economists in the world who doggedly advocated the introduction of free market capitalism across the world in order to make people better off. He noted that the best thing for the state to do was to retreat from public life as much as possible. With such economic arguments the holes in Communism and Socialism were easily pointed out.

Long live the Free Market Economy.

He also pointed out the one big killer in holding back economies and thus people's lives, inflation. His ideas were a great influence upon the thinking of President Reagan and Margaret Thatcher. Both of them followed a policy of monetarism which aimed to cut inflation by cutting the supply of money, a policy which saw Britain lead the world.

Here are a few of my favourite videos of him.