Capitalism and Freedom by Milton Friedman

Capitalism and Freedom by Milton Friedman

Friedman's argument is that a society cannot stay politically free while its economy is centrally directed, because whoever controls the means of living controls everything else.

He applies it concretely — floating exchange rates, school vouchers, a negative income tax, ending licensing monopolies, deregulating finance — and much of what looked eccentric in 1962 became policy within twenty years.

Nobel Prize in Economics. Argue with it if you like, but read it: it shaped the world you live in.

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