How do Rose and Milton Friedman define the following terms in the article "Created Equal"? Equality, liberty, and fairness.
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What effect does a policy that guarantees equality of outcome have of freedom, based on the article Created Equal by Friedman, Milton?
Please discuss the different economic theories of Milton Friedman. Why was he important? Has he helped or hurt our economy? If he were alive today, what do you think he would suggest as an economic plan for our economy? Would he agree or disagree with the current policies? Must be 4 pages in length and include at least three references.
1. Speeding
a) Give one argument for making the fine for speeding proportional to income.
b) Give one argument against making the fine for speeding proportional to income.
2. Equality before the Law
In principle, for US citizens in US courts there is equality before the Law. In practice, however, richer individuals can afford to allocate more resources to preparing and presenting their cases, including hiring more talented lawyers, with the result that they are more likely to win their cases.
What do you think David Friedman's (the book's author) opinion would be about the "fairness" of this reality?