Explain Free to Choose-The Failure of Socialism by Milton Freidman
Milton Freidman studied causes of failure of socialism in Eastern Europe. He came to conclusion that economic freedom is critical for accomplishing economic prosperity. Excessive control of government over the economic lives of people eventually ended up making people poor and dejected.
Thus, economic institutions matter a lot. Government can not create wealth. Only free people can create wealth. Creation of wealth is key to economic prosperity of people.
Excessive control of government in socialism world led to the worse conditions of people in these countries. while on other hand, people in USA being free led to the economic development and prosperity. Thus, government with minimum interference is best ones.
Could Donal Trump be considered a disciple of Milton Friedman? Do his economic policies support Milton's idea of "free to choose?"
Milton Friedman commented Hong Kong is a model of free market and laissez-faire system? Why? Please explain it.
In regard to the free market and government intervention, explain the meaning of market failure and government failure
Milton Industries expects free cash flow of $10 million each year. Milton's corporate tax rate is 38%, and its unlevered cost of capital is 10%. Milton also has an outstanding debt of $50.45 million, and it expects to maintain this level of debt permanently. . What is the value of Milton Industries without leverage? b. What is the value of Milton Industries with leverage?
explain how conservative and socialism are Incorporated in the US political system.
How does incentive relate to the idea of Free Lunch? Milton Friedman said there's no such thing as free lunch and he also talks about giving people the incentive to chose. I just can't understand what that has to do with the concept of no free lunch. Please provide a detailed response with examples. Thank you :)
Briefly explain why examples of pure socialism and pure capitalism tend to be more theoretical in nature and less likely to be found in reality.
Explain The Tyranny of Control-1990 by Milton Friedman. Do you agree or disagree?
1. Explain in your own words the difference between capitalism and socialism. What are they both trying to achieve? In your answer, make sure you define both. 2. Explain a circumstance in business to which the problem of the commons/prisoner’s dilemma applies and why it applies to this circumstance.
Explain Freedom of Prosperity-1990 by Milton Friedman. Do you agree or disagree? Give examples.