[Guest post by Jack Dunphy]
In case you haven’t seen the recent lively exchange between Fox News’s Neil Cavuto and Congressman Alan Grayson (D, Fla.), I present it here, courtesy of YouTube.
Recent events have many times inspired a reach for the top of the bookshelf to pull down some old favorites, chief among them Milton and Rose Friedman’s Free to Choose: a Personal Statement. The Friedmans warned against the concentration of economic power so cavalierly endorsed by Rep. Grayson. Indeed, in the very opening pages of the book we find this paragraph:
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised. In addition, by dispersing power, the free market provides an offset to whatever concentration of political power may arise. The combination of economic and political power in the same hands is a recipe for tyranny. (emphasis mine)
I suspect we wouldn’t find the Friedmans’ book on Rep. Grayson’s shelves. More’s the pity.