27.12.05

Friedman

Pushed at one point in the conversation about Friedman's apparent victory in the battle of idea with John Kenneth Galbraith and other public intellectuals on the left, Friedman stated clearly that there is little doubt that classical liberalism has won the battle of ideas, but he quickly pointed out that classical liberalism has not yet won the battle of practice.

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Friedman when pressed on what policy position has he had to change his view on responded that he used to believe in antitrust, but now holds the position that antitrust is anti-competitive and that they only significant source of monopoly power in an economy results from government creation and protection of monopolistic power by businesses.