Why these constitutional conventions wouldn’t be subject to capture is not discussed, which would seem to be an obvious object of affection for special interests. For instance, he proposes a Constitutional Convention to enact four amendment proposals to get around a Congress beholden to special interests. Interesting is Friedman’s discussion on crime and his view ending the drug war (including legalization of harder narcotics such as heroin) would contribute the most to sustaining efforts against crime.įriedman’s analytical prowess is always clear and impressive in his writing - why he’s one of my favorites. Various reforms are proposed to get around these issues, with primary focus on constitutional amendments.īook is an enjoyable read and snapshot of the early 1980s - a period of dislocation often forgotten about in the expansion that followed. Friedman’s focus here is appointing/electing the ‘right people’ is no substitute for changing institutions and/or incentives of those in power. Proceedings of a Conference Sponsored by the. Very much in the flavor of what is known as Public Choice (see Gordon Tullock). The Legacy of Milton and Rose Friedmans Free to Choose: Economic Liberalism at the Turn of the 21st Century. Very similar in substance to ‘Free to Choose’ with a focus on the first few years of the Reagan Administration and challenges faced by Reagan in reforming government policies.
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