Milton Freedman

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Milton Freedman
Throughout the times of man’s inhabitance on this planet, mankind has experimented with innumerable methods of trade and economics. Many believe that human restrictions on trade and a person’s desire for objects can create a utopian way of economic life. The following will examine two articles: The Market Didn’t Do It and A Good Conversation and the Marketplace. The goal of the following is to determine whether each is true and why based not only on the economic system of the world today, but also upon reason.
Some think that all of the bad things in the world are as they are today due to the freedom of economic trade. An example of this is pollution. Environmental groups believe that because of free trade, pollution is at an all time high and that it is because of this free trade market that all of the pollution is here in the first place. This is true, but it works both ways. Let’s say that “Joe Blow” buys his new Ford Excursion with the V10 Triton engine. Now, in doing this he will have an adverse effect on the environment, yet at the same time he is supporting hundreds of families back in Detroit. Therefore we, “cannot communicate the value they place on the environmental amenities lost as a consequence of producing and consuming those products.” In attempt to counter this, governments attempt to step in and deal with all of the environmental mess that Joe Blow is creating with his gas guzzling S.U.V., and it is here where th...

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