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Milton Friedman: A concise guide to the ideas and influence of the free-market economist by Eamonn Butler

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Chapter 4. A Bonfire of Controls

“Few measures that we could take would do more to promote the cause of freedom at home and abroad than complete free trade.”

– Milton and Rose Friedman, Free to Choose, Chapter 2

Free People and Free Trade

Few people today appreciate just how large and centralised Western governments have grown since the start of the 20th century. Before the First World War, observed Friedman, the role of the United States federal government, and the tax burden it imposed, was comparatively tiny. Then the popular faith in central direction began to grow. It stopped short of the outright central planning that Soviet Russia attempted, but still produced an expansion in the size and responsibilities of central government. The ...

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