Key Ideas

1. Capitalism promotes economic freedom and individual liberty. In Friedman's view, capitalism is the best means for achieving political freedom and individual liberty. It allows people to freely exchange goods and services, make choices about what to buy and sell, and pursue their own economic interests. This economic freedom is a necessary condition for achieving political freedom.

2. Government intervention in the economy should be limited. Friedman argues that government intervention in the economy often does more harm than good. While he acknowledges the need for some government regulati....
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Quiz