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October 1977

Milton Friedman: What is America?

Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science, describes the “miracle of America”: progress, modernization, development, and increasing amounts of wealth as more and more people gave up subsistence living.

What caused this amazing prosperity? As Friedman says, “Surely the major source of that enormous achievement was simply the fact that people were free to pursue their own interests in their own ways without interference from government.”