
Episode 2 – Milton Friedman Speaks – Myths That Conceal Reality (Podcast)
Free To Choose Media Podcast
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The Third Myth of Inflation
There is a myth that somehow or other, the private market has failed to provide certain important services. The reality is that it took an enormous propaganda campaign by special propaganda groups to get those measures passed. Social security was sold as an in rance scheme. It is not an insurance scheme. There is very little relationship to the amount of money any one individual pays and the amount ofmoney he is entitled to receive. Inflation is made in one place, and one place only, washington, d c. That's one tax that you don't have to vote for, but you have to pay. But they've been telling us, don't raise our taxes. Congress has been listening.
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