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Read online Why Government Is the Problem.pdf PDF, EPUB, MOBI, TXT, DOC Why Government Is the Problem Friedman discusses a government system that is no longer controlled by we the people Instead of Lincoln s government of the people by the people and for the people we now have a government of the people by the bureaucrats for the bureaucrats including the elected representatives who have become bureaucrats by Milton Friedman

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Why Government Is the Problem
Title:Why Government Is the Problem
Format Type:eBook PDF / e-Pub
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ISBN:0817954422
ISBN 13:
Number of Pages:18
Category:Economics, Politics, Non fiction, Philosophy
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Free to Choose: A Personal Statement, The Great Contraction 1929-1933, Price Theory, Why Government Is the Problem, Money Mischief: Episodes in Monetary History, Essays in Positive Economics, There's No Such Thing as a Free Lunch, Capitalism and Freedom, A Monetary History of the United States 1867-1960, The Tyranny of the Status Quo
The international bestseller on the extent to which personal freedom has been eroded by government regulations and agencies while personal prosperity has been undermined by government spending and economic controls New Foreword by the Authors Index br, Economics is sometimes divided into two parts positive economics and normative economics The former deals with how the economic problem is solved while the latter deals with how the economic problem should be solved The effects of price or rent control on the distribution of income are problems of positive economics The desirability of these effects on income distribution is a problem of normative economics br br Within economics the major division is between monetary theory and price theory Monetary theory deals with the level of prices in general with cyclical and other fluctuations in total output total employment and the like Price theory deals with the allocation of resources among different uses the price of one item relative to another br br Prices do three kinds of things They transmit information they provide an incentive to users of resources to be guided by this information and they provide an incentive to owners of resources to follow this information Milton Friedman s classic book provides the theoretical underpinning for and understanding of prices br br Economics is not concerned solely with economic problems It is a social science and is therefore concerned primarily with those economic problems whose solutions involve the cooperation and interaction of different individuals It is concerned with problems involving a single individual only insofar as the individual s behavior has implications for or effects upon other individuals em Price Theory em is concerned not with economic problems in the abstract but with how a particular society solves its economic problems, Friedman discusses a government system that is no longer controlled by we the people Instead of Lincoln s government of the people by the people and for the people we now have a government of the people by the bureaucrats for the bureaucrats including the elected representatives who have become bureaucrats, Friedman makes clear once and for all that no one is immune from monetary economics that is from the effects of its theory and its practices He demonstrates through historical events the mischief that can result from misunderstanding the monetary system Index br