The rebuilding of the Republican Party must begin with the rebuilding of the meaning of free markets and capitalism.
Nobody articulates free market capitalism better than Milton Friedman, economist and advisor to Ronald Reagan and Margaret Thatcher. We have much to learn from Friedman, including the way he defends his methods using the Socratic method.
Watching the following video of Milton Friedman defending the free market system is a critical first step to understanding the debate between free markets and socialism--between the liberal policies of Barrack Obama and that of a free market capitalist. Unfortunately, very few Republicans really understand the core of capitalism.
Today, we are faced with a financial and free market crisis unseen by most Americans alive today. This crisis is an opportunity. Watch the first 50 seconds of this video and you will see the opportunity we have today.
Republicans today have an amazing opportunity to help educate another generation of the values of free markets. Although Milton Friedman has passed away, the ideas he espoused, and the effectiveness by which he espoused his ideas, can live on. The next two years will be an amazing educational opportunity.
Let's all be a part of it.
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