Videos
The Enduring Influence Of Thomas Sowell
From politics and economics to journalism and culture, leading voices reflect on how Thomas Sowell’s ideas shaped their thinking and continue to inspire new generations.
October 15, 2026
Published: May 16, 2019
Milton Friedman explains what happened when federal tax rates actually reached seventy percent over fifty years ago. As tax rates go up, taxpayers have more of a reason to avoid paying those taxes. Loopholes go hand-in-hand with higher tax rates, which is why lower rates on a broader base of income leads to a more equitable system.
Discussion Questions
Additional Resources
- Watch as Milton Friedman makes a case for the flat tax in “Firing Line with William F. Buckley Jr.: The Economic Crisis. Available here.
- In “Capitalism and Freedom,” Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. Available here.
- In “A View from the Hoover Archives: Milton Friedman on a Guaranteed Annual Income”, Jennifer Burns taps into the Hoover Library & Archives’ extensive Milton Friedman collection and brings the Nobel Prize-winning Hoover fellow’s work to bear on current policy debates about a universal basic income. Available here.
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