Skip to content

Milton Friedman on Energy and oil

Of the many attempts to explain this state of affairs that I have seen in the media, not one faces up to the crucial question: Why now? Why did shortages not emerge in 1968 at the height of the Vietnam war, or in 1958, or for that matter in 1938 or 1928? What is different about 1973?
Why Now?
Column, 1973, Newsweek (December 31, 1973); reprinted in full in the Congressional Record, Extensions of Remarks, January 24, 1974, p. 801, introduced by Representative John M. Ashbrook, who gives the issue as “the December 31, 1973 issue of Newsweek”, and reprinted again the same day at pp. 807 to 808 by Representative Earl F. Landgrebe, Congressional Record, January 24, 1974, p. 801
Checked against the sourceRead the originalCite this passage

Where this comes from

Checked against the sourceThe wording was checked against the work itself.

Topics

He also said

  1. The first question hardly needs discussion. Men who agree on little else about Vietnam would agree on the desirability of not using conscripts to fight the war.
    No Draftees to Vietnam
    Column, 1968, Newsweek (December 30, 1968); reprinted in full in the Congressional Record, Extensions of Remarks, January 16, 1969, pp. 1161 to 1162, introduced by Representative Henry B. Gonzalez as “Mr. Friedman’s column, from the December 30, 1968, issue of Newsweek”, Congressional Record, January 16, 1969, p. 1161
    Checked against the sourceRead the original
  2. We have as many criminals as we have because we have as many laws to break as we have. You take the situation in the United States. We have two million people in prison, four million people who are under parole or under supervision. Why? Because of our mistaken attempt to control what people put in their bodies. Prohibition of so-called drugs, of illegal drugs, is a major reason for all of those prisons. And those are victimless crimes, which should not be crimes.
    Commanding Heights: Milton Friedman interview
    Interview, 2000, PBS, “Where We Stand Today,” interview conducted October 1, 2000
    Checked against the sourceRead the transcript
  3. The key question is, therefore, whether it is feasible to man the Vietnam war with volunteers. I believe the answer is, Yes. Will it be easy to do so? The answer is clearly, No. But that is hardly decisive. The aim of national policy should not be to make life easy for government officials, whether civilian or military.
    No Draftees to Vietnam
    Column, 1968, Newsweek (December 30, 1968); reprinted in full in the Congressional Record, Extensions of Remarks, January 16, 1969, pp. 1161 to 1162, introduced by Representative Henry B. Gonzalez as “Mr. Friedman’s column, from the December 30, 1968, issue of Newsweek”, Congressional Record, January 16, 1969, p. 1161
    Checked against the sourceRead the original

Think this quote is wrong, misattributed, or missing context?Report it and it gets fixed, not argued with.