Milton Friedman Explains the Four Essential Functions of Government
195K views | 2026-07-13
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Nobel Prize-winning economist Milton Friedman outlines what he believed are the four essential functions of government in a free society.
In this classic explanation, Friedman discusses national defense, protecting citizens from coercion, safeguarding private property rights, and maintaining an independent judicial system. His ideas continue to influence debates on economics, limited government, individual liberty, and public policy.
Whether you agree or disagree, Friedman's framework remains one of the most influential perspectives in modern economic thought.
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