To: Sully- who wrote (73743 ) 1/14/2010 1:41:55 PM From: TimF 2 Recommendations Respond to of 90947 I always enjoy listening to Milton Friedman. I do as well I'm reading "Free to Choose" right now (I strongly recommend it BTW). Here's an excerpt from what I've read just recently, about how economic regulation can reduce freedom more extensively than many people realize, and it also shows the arrogance and bullying that can come from the feds. (In this case directed against corporations who the left seems to fear as being so powerful, but who are weak compared to the government.) ------------------------ Restrictions on economic freedom inevitably affect freedom in general, even such areas as freedom of speech and press. Consider the foll wing excerpts from a 1977 letter from Lee Grace, then executive vice-president of and oil and gas association. This is what he wrote with respect to energy legislation: >> "As you know, the real issue more so than the price per thousand cubic feet is the continuation of the First Amendment of the Constitution, the guarantee of freedom of speech. With increasing regulation, as big brother looks close over our shoulder, we grow timid against speaking out for truth and our beliefs against falsehoods and wrong doings. Fear of IRS audits, bureaucratic strangulation or government harassment is a powerful weapon against freedom of speech. In the October 31 [1977] edition of U.S. News & World Report, the Washington Whispers section noted that, "Oil industry officials claim that they have received this ultimatum from Energy Secretary James Schlesinger: 'Support the Administration's proposed tax on crude oil -- or else face tougher regulation and a possible drive to break up the oil companies.' " >> His judgment is amply confirmed by the public behavior of oil officials, Tongue-lashed by Senator Henry Jackson for earning "obscene profits," not a single member of a group of oil industry executive answered back, or even left the room and refused to submit to further personal abuse. Oil company executives, who in private express strong opposition to the present complex structure of federal controls under which they operate or to the major extension of government intervention proposed by President Carter, make bland public statements approving the objectives of the controls. Few businessmen regard President Carter's so-called voluntary wage and price controls as a desirable or effective way to combat inflation. Yet one businessman after another, one business organization after another, has paid lip service to the program, said nice things about it, and promised to cooperate. Only a few like Donald Rumsfeld, former congressman, White House official, and Cabinet member, had the courage to denounce it publicly..." -------------------------------- Members of congress, and administration officials, who act like bullies as Friedman and Lee Grace described above, often deserve, but rarely get this type of response. cafehayek.com