U.S. Rep. Ron Paul | Milton Friedman |
Milton Friedman
Conscription Policies
13 June 2001 2001 Ron Paul 42:1
Mr. PAUL. Mr. Speaker, I highly recommend to my colleagues the attached article “Turning Eighteen in America: Thoughts on Conscription” by Michael Allen. This article was published in the Internet news magazine Laissez Faire Times. Mr. Allen forcefully makes the point that coercing all young men to register with the federal government so they may be conscripted into military service at the will of politicians is fundamentally inconsistent with the American philosophy of limited government and personal freedom. After all, the unstated premise of a draft is that individuals are owned by the state. Obviously this belief is more consistent with totalitarian systems, such as those found in the Soviet Union, Nazi Germany, Red China or Castro’s Cuba, than with a system based on the idea that all individuals have inalienable rights. No wonder prominent Americans from across the political spectrum such as Ronald Reagan, Milton Friedman, Gary Hart, and Jesse Ventura oppose the draft.
Milton Friedman
Statement Opposing Military Conscription
March 20, 2002 2002 Ron Paul 20:9
President Reagan and Daniel Webster are not the only prominent Americans to oppose conscription. In fact, throughout American history the draft has been opposed by Americans from across the political spectrum, from Henry David Thoreau to Barry Goldwater to Bill Bradley to Jesse Ventura. Organizations opposed to conscription range from the American Civil Liberties Union to the United Methodist Church General Board of Church and Society, and from the National Taxpayers Union to the Conservative Caucus. Other major figures opposing conscription include current Federal Reserve Chairman Alan Greenspan and Nobel Laureate Milton Friedman.
Milton Friedman
Introduction Of The Sunshine In Monetary Policy Act
7 March 2006 2006 Ron Paul 10:2
The Federal Reserve Board has recently announced it will stop reporting M3, thus depriving Congress and the American people of the most comprehensive measure of the money supply. The cessation of Federal Reserve’s weekly M3 report will make it more difficult for policymakers, economists, investors, and the general public to learn the true rate of inflation. As Nobel laureate Milton Friedman famously said, “inflation is always and everywhere a monetary phenomenon.” Therefore, having access to a comprehensive measure of the money supply like M3 is a vital tool for those seeking to track inflation. Thorsten Polleit, honorary professor at HfB-Business School of Finance and Management, in his article “Why Money Supply Matters” posted on the Ludwig von Mises Institute’s website mises.org, examined the relationship between changes in the money supply and inflation and concluded that “money supply signals might actually be far more important for inflation — even in the short-term — than current central bank practice suggests,” thus demonstrating the importance of the M3 aggregate.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:1
Mr. PAUL. Mr. Speaker, I am pleased to support H. Res. 1089, a resolution honoring Milton Friedman. Milton Friedman was one of America’s greatest champions of liberty. Launching a career as a public intellectual at a time when dissenters from the reigning Keynesian paradigm where viewed as the equivalent of members of the Flat Earth Society, Milton Friedman waged an oftentimes lonely intellectual battle on behalf of free markets and individual liberty in the fifties and sixties. As the economic crisis of the seventies caused by high taxes, high spending, and inflation vindicated Friedman’s critiques of interventionism, his influence grew — not because he moved to the mainstream but because the mainstream moved toward him. Friedman served as an advisor to Presidents Nixon and Ford and as a member of President Reagan’s Council of Economic Advisors. In 1976, Friedman was awarded the Nobel Prize in economics.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:2
Milton Friedman’s most notable contributions to economic theory where in the area of monetary policy. His 1963 work A Monetary History of the United States 1857–1960, coauthored with Anna Schwartz, was among the first works to emphasize the role Federal Reserve policy played in causing the Great Depression. As Friedman said, “The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.”
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:3
Friedman’s work showed that inflation is not a result of markets but is, as he memorably put it, “always and everywhere a monetary phenomenon.” Friedman was the major originator and theoretician of monetarism. Friedman recommended restricting the Federal Reserve’s authority to increasing the quantity of money by a fixed yearly amount. While monetarism is far from the ideal free-market monetary system, Milton Friedman deserves credit for focusing the attention of economists on the Federal Reserve’s responsibility for inflation.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:4
While he is mainly known for his contributions to economic theory and his advocacy of free markets, Milton Friedman considered his advocacy against the draft, cumulating in his work as a member of President Nixon’s Commission on an All-Volunteer Force, his major policy achievement. Milton Friedman’s opposition to the draft was in part based on economic principles, but was mainly motivated by his moral commitment to freedom. I ask unanimous consent to insert the attached article, “Milton Friedman: A Tribute,” by David R. Henderson, which details Milton Friedman’s efforts against the draft, into the record.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:6
Milton Friedman’s greatest contribution to liberty may have been his work to educate the public about free market economics. Milton Friedman’s 1962 work Capitalism and Freedom, introduced millions of people to the freedom philosophy, and it remains one of the most popular, and influential, pro-freedom books in the world.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:7
In 1980, Milton Friedman collaborated with his wife Rose on a television series, Free to Choose. The series, and the accompanying best-selling book, remain among the best introductions to the benefits of economic liberty, and rivals Capitalism and Freedom in popularity. One of my favorite moments of the show is when Milton Friedman compares the robust free market economy of Hong Kong with the then stagnant economy of communist China.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:8
On a personal note, I was honored to receive Milton Friedman’s endorsement of my congressional campaign in 1996. One particular quote from his endorsement exemplifies how Milton Friedman’s commitment to the free market was rooted in a recognition that a society that respects the dignity and worth of every individual is impossible without limited government, private property, and sound money: “We very badly need to have more Representatives in the House who understand in a principled way the importance of property rights and religious freedom for the preservation and extension of human freedom in general . . .”
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:9
Mr. Speaker, I am pleased to pay tribute to Milton Friedman’s tireless efforts on behalf of human liberty, and I urge all my colleagues to join me in supporting H. Res. 1089.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:10
[From ANTIWAR.COM, Nov. 20, 2006] MILTON FRIEDMAN: A TRIBUTE “In the course of his [General Westmoreland’s] testimony, he made the statement that he did not want to command an army of mercenaries. I [Milton Friedman] stopped him and said, ‘General, would you rather command an army of slaves?’ He drew himself up and said, ‘I don’t like to hear our patriotic volunteers referred to as mercenaries.’ But I went on to say, ‘If they are mercenaries, then I, sir, am a mercenary professor, and you, sir, are a mercenary general; we are served by mercenary physicians, we use a mercenary lawyer, and we get our meat from a mercenary butcher.’ That was the last that we heard from the general about mercenaries.” — Milton and Rose Friedman, Two Lucky People, Chicago: University of Chicago Press, 1998, p. 380.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:11
In May 1970, a few days after graduating from the University of Winnipeg with a major in mathematics, I flew to Chicago to look into getting a Ph.D. in economics at the University of Chicago. While there, I went to visit Milton Friedman and he invited me into his office. I had a sense that he had been through this routine before — talking to an idealistic young person showing up and wanting an autograph on his copy of Capitalism and Freedom and, beyond that, simply wanting to meet and talk to him. But he didn’t treat our meeting as routine; we had a real talk for about 10 minutes. When I told him that I’d initially been attracted to libertarianism by reading Ayn Rand, he told me that while Rand was well worth reading, there were many other people worth reading too, and I shouldn’t get stuck on her. He also stated, “Make politics an avocation, not a vocation.” Both were good pieces of advice.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:13
But here’s the bigger point: with his steady and passionate work to end the military draft, Milton Friedman was the Dutch uncle of every young man in the United States. Or even better, he was like a favorite uncle that they’d never even met. He cared more for them than any president, any general, or any defense secretary has ever cared. How so? Because he wanted every young man to be free to choose whether to join the military or not.
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:14
Milton Friedman’s work against the draft began in December 1966, when he gave a presentation at a four-day conference at the University of Chicago. Various prominent and less-prominent academics, politicians, and activists had been invited. Papers had been commissioned, and the authors gave summaries, after which the discussion was open to all. Fortunately, the discussion was transcribed. The papers and discussions appear in a book edited by sociologist Sol Tax and titled The Draft: A Handbook of Facts and Alternatives. The invitees included two young anti-draft congressmen, Robert Kastenmeier (D–Wisc.) and Donald Rumsfeld (R–Ill.), and one pro-draft senator, Edward Kennedy (D- Mass.). Also attending were pro-draft anthropologist Margaret Mead and anti-draft economists Milton Friedman and Walter Oi. Friedman gave the general economic and philosophical case for a voluntary military in his presentation, “Why Not a Voluntary Army?” Friedman pointed out that the draft is a tax on young men. He stated:
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:23
Friedman kibitzed in his Newsweek column, never letting up. He once wrote that the draft “is almost the only issue on which I have engaged in any extensive personal lobbying with members of the House and Senate.” (Milton Friedman, An Economist’s Protest, 2nd ed., Glen Ridge, N.J.: Thomas Horton and Daughters, 1975, p. 188.)
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:29
Milton Friedman and I had our differences about foreign policy. I tried, in vain, to persuade him to be against the first Gulf war. Even there, though, he publicly supported, in an interview with the San Francisco Chronicle, my economic argument against the war. He stated, “Henderson’s analysis is correct. There is no justification for intervention on grounds of oil” (Jonathan Marshall, “Economists Say Iraq’s Threat to U.S. Oil Supply Is Exaggerated,” San Francisco Chronicle, Oct. 29, 1990.) Friedman did oppose the second Gulf war, as evidenced in an interview in the Wall Street Journal, in which he called it, correctly, “aggression.” (Tunku Varadarajan, “The Romance of Economics,” Wall Street Journal, July 22, 2006; page A10).
Milton Friedman
Milton Friedman
6 December 2006 2006 Ron Paul 100:31
Two weeks ago, I attended a conference in Guatemala at which it was announced that Friedman had had a bad fall and was in the hospital. The person who announced it, Bob Chitester, producer of the Friedmans’ 1980 television series, Free to Choose, handed out buttons that read, “Have you thanked Milton Friedman today?” Thanks, Uncle Miltie.
Milton Friedman
Introduction Of The Sunshine In Monetary Policy Act
15 June 2007 2007 Ron Paul 66:2
The Federal Reserve Board ceased reporting M3 on March 22, 2006, thus depriving Congress and the American people of the most comprehensive measure of the money supply. The cessation of the Federal Reserve’s weekly M3 report will make it more difficult for policymakers, economists, investors, and the general public to learn the true rate of inflation. As Nobel laureate Milton Friedman famously said, “inflation is always and everywhere a monetary phenomenon.” Therefore, having access to a comprehensive measure of the money supply like M3 is a vital tool for those seeking to track inflation. Thorsten Polleit, honorary professor at HfB-Business School of Finance and Management, in his article “Why Money Supply Matters” posted on the Ludwig von Mises Institute’s Web site mises.org, examined the relationship between changes in the money supply and inflation and concluded that “money supply signals might actually be far more important for inflation — even in the short-term — than current central bank practice suggests,” thus demonstrating the importance of the M3 aggregate.
Milton Friedman
Milton Friedman 1912-2006
20 November 2006 Texas Straight Talk 20 November 2006 verse 1 ... Cached
Milton Friedman 1912-2006
Milton Friedman
Milton Friedman 1912-2006
20 November 2006 Texas Straight Talk 20 November 2006 verse 3 ... Cached
The death of economist Milton Friedman last week at the age of 94 marks a great loss for advocates of freedom everywhere. He was perhaps the most successful free-market economist of the 20th century, in terms of his real-world impact on politics and policy. Many modern politicians, including Ronald Reagan, considered him a major influence in their careers.
Milton Friedman
Milton Friedman 1912-2006
20 November 2006 Texas Straight Talk 20 November 2006 verse 4 ... Cached
Milton Friedman was a strong advocate of economic liberty who opposed government intervention in both the purely economic and broader social spheres of our society. He believed not only in laissez-faire capitalism, but also the larger cause of individual liberty in the political sense.
Milton Friedman
Milton Friedman 1912-2006
20 November 2006 Texas Straight Talk 20 November 2006 verse 9 ... Cached
We cannot suspend the laws of economics or the principles of human action any more than we can suspend the laws of physics. Yet this is precisely what Congress attempts to do time and time again, no matter how many times history proves them wrong or economists easily demonstrate the harms caused by a certain policy. The nation would be well-served if Congress spent more time reading the works of Milton Friedman, and less time worrying about petty party spoils.
Milton Friedman
Monetary Inflation is the Problem
04 December 2006 Texas Straight Talk 04 December 2006 verse 4 ... Cached
This decline in the value of the dollar is simple to explain. The dollar loses value as the direct result of the Federal Reserve and U.S. Treasury increasing the money supply. Inflation, as the late Milton Friedman explained, is always a monetary phenomenon. The federal government consistently wants to spend more than it can tax and borrow, so Congress turns to the Fed for help in covering the difference. The result is more dollars, both real and electronic-- which means the value of every existing dollar goes down.
Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.
Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.