Old Dogs, New Tricks

The July 2006 issue of Imprimis, a widely circulated monthly publication of Hillsdale College, contains an interview with Milton Friedman that took place on May 22, 2006, in connection with a seminar celebrating the 25th anniversary of Milton and Rose Friedman’s book Free to Choose.

A Few Suggestions from the Past on Foreign Policy

Morality knows nothing of geographical boundaries, or distinctions of race. You may put men on opposite sides of a river or a chain of mountains; may else part them by a tract of salt water; may give them, if you like, distinct languages; and may even colour their skins differently; but you cannot change their fundamental relationships. Originating as these do in the facts of man’s constitution, they are unalterable by the accidents of external condition.

The great circle of intervention

Dr. DiLorenzo’s article “Should Wal-Mart be Broken Up?” is a good example of how government interventions in the economy are like bacteria: you only need to start with one, and before long, you have another, and another, and another, until there are more than you can count (though there are limits on how much bacteria can reproduce themselves. I see no such limits with government). In effect, antitrust is the intervention to fix the problem that intervention created.