Public Choice And Politics Without Romance Featuring Mike Munger
Would you give the politician you trust least the same powers you want government to have?
September 28, 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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