Milton Friedman Part IV: Unapologetic and Unafraid

There is one man who embodies the spirit of capitalism, but most have never heard of him. That needs to change. It's time for Americans to remember and get to know Milton Friedman, the father of modern economics.

Milton Friedman was a brilliant champion of the free market, capitalism and the American way of life. He was not a politician, just a man who looked at things in a radically different way --- and articulated them simply and persuasively.

Part IV: Unapologetic and Unafraid

Through recordings left behind, we're able to have a conversation, if you will, with the greatest defender of capitalism in the past century: Milton Friedman. He was unapologetic for the free market because he knew and understood its amazing benefits — the ability to lift billions of people out of poverty. That confidence enabled him to be unafraid when defending wealth.

VOICE: Why is it that we have so many millionaires and everything in the United States and we still have so many impoverished people who try to get up into the world? Why is it that we have this lack of money, where people who can't support themselves decently and get a decent job, where all these big men are up on top making oodles and oodles of money --- they don't need it. They can only eat that much. Eat, you know, sleep in the bed . . .

MILTON: And what do you suppose they do? If they don't eat it and don't use it, what do you suppose they do with it?

VOICE: They hoard it. They hoard it and invest it.

MILTON: What do you mean hoard it? You mean they put it under their pillows?

VOICE: No. They keep investing it.

MILTON: Investing it in what? What are they invested in?

VOICE: Well, they invest it in a lot of different things that the little people need.

MILTON: Well, do they invest it in factories?

VOICE: Yes.

MILTON: Does some of that money end up in machines?

VOICE: Yes.

MILTON: Do those factories and machines provide ordinary working people with jobs or not? Where do you suppose the improvements and productivity come from except from the investment by people of their savings? But if you look at it over time, if you get a sense of proportion, the well-being of an ordinary people has been the main thing that has been improved by economic progress and economic growth and development. And residual, most residual hard cases of poverty today are the result, again, of a failure of government.

When Friedman appeared at a conference of bankers, he set them straight on the real cause of the Great Depression --- and took on the Federal Reserve.

MILTON: There is hardly any view that is more widespread than the view that somehow or another the Great Depression was produced by a failure of private business. That view is held, not only by those who are in favor of greater role of government, it is held by almost everybody. I venture to suggest you that if you go to any bankers, the people who are here today at this banking conference, and if you talk to them, I'd venture to say, nine out of ten of them, if they didn't, hadn't heard what I'm going to say, that nine out of ten of them would say, "Well, of course, the Great Depression was a failure of private business. It was due to an overextension. Over speculation of the 1920s. Or it was due to an excessive concentration of wealth in the hands of the wealthy at the expense of the poor in the 1920s. Or it was due to speculative investment abroad or whatever. But it was a failure of private business. And government had to step in in order to rescue private business from its own failure." Nothing could be farther from the truth. ...The Great Depression was not produced by a failure of business. On the contrary, it was produced by a failure of government and a failure of government in an area in which responsibility had been assigned to governments since the founding of this country. The Constitution of the United States, it gives Congress the power to coin money and set the value thereof. And it was in the management of this fundamental function of government that governments failed and produced the Great Depression.

When confronted by a college student who strongly believed in the redistribution of wealth, Friedman torpedoed his points calmly and rationally.

MILTON: There's no justice in the distribution of income and wealth. I never would argue there is. Those who are wealthy don't deserve to be wealthy anymore than those who are poor deserve to be poor. It's pure accident. And we --- but if you start to look at things that way, you're going to go down the wrong line. Because you're going to get back into this kind of a situation of destroying the good things, destroying what is possible, in the search of an impossible ideal. The only way in which you can redistribute effectively the wealth is by destroying the incentives to have wealth. And the question is: What is the way, what is a system which will offer those people who are so unlucky as to be born without good positions, what is a system which will offer them the greatest opportunity?

VOICE: Well, one possible way of redistributing the wealth without affecting the incentives to earn as much income as possible is simply to have a 100 percent inheritance tax. That won't affect the incentives. It's only after the person is dead.

MILTON: I beg your pardon. I'm afraid, I don't know the family you come from. I don't know. But as you grow up, you will discover that this is really a family society and not an individual society. We tend to talk about an individualist society. But it really isn't. It's a family society. And the greatest incentives of all, the incentives that have really driven people on have largely been the incentives of family creation, of family --- of pursuing of --- of establishing their families on a decent system. What is the effect of a 100 percent inheritance tax? The percent of a 100 percent inheritance tax is to encourage people to dissipate their wealth in high living.

VOICE: What's the harm in that?

MILTON: The harm of that is, where do you get the factories? Where do you get the machines? Where do you get the capital investment? Where do you get the incentive to improve technology, if what you're doing is to establish a society in which the incentive is for people if they have by accident accumulated some wealth, to waste it in frivolous entertainment? You know, the thing is that the thing that is amazing that people don't really recognize is the extent to which the market system has, in fact, encouraged people and enabled people to work hard and sacrifice in what I must confess, I often regard as an irrational way, for the benefit of their children. One of the most curious things to me in observation is that almost all people value the utility which their children will get from consumption, higher than they value their own. Here are parents who have every reason to expect that their children have a higher income than they have. And they scrimp and save in order to be able to leave something for their children. I think you are sort of like a bull in a China shop, if you talk about the --- the 100 percent inheritance tax having no incentive effect. It would destroy a continuing society. It would destroy a society in which there are links from one generation to the next.

Those who believe in income inequality and wealth redistribution have ample and vocal advocates today. Unfortunately, for capitalism and free market principles, it seems that since Friedman's death in 2006, there hasn't been anyone quite like him to defend its benefits and virtue.

Listen to the Full Series on Milton Friedman

Part I: Economics 101

Part II: Evils of Collectivism

Part III: Friedman vs. Liberal Detractors

Part IV: Unapologetic and Unafraid

Americans expose Supreme Court’s flag ruling as a failed relic

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In a nation where the Stars and Stripes symbolize the blood-soaked sacrifices of our heroes, President Trump's executive order to crack down on flag desecration amid violent protests has ignited fierce debate. But in a recent poll, Glenn asked the tough question: Can Trump protect the Flag without TRAMPLING free speech? Glenn asked, and you answered—thousands weighed in on this pressing clash between free speech and sacred symbols.

The results paint a picture of resounding distrust toward institutional leniency. A staggering 85% of respondents support banning the burning of American flags when it incites violence or disturbs the peace, a bold rejection of the chaos we've seen from George Floyd riots to pro-Palestinian torchings. Meanwhile, 90% insist that protections for burning other flags—like Pride or foreign banners—should not be treated the same as Old Glory under the First Amendment, exposing the hypocrisy in equating our nation's emblem with fleeting symbols. And 82% believe the Supreme Court's Texas v. Johnson ruling, shielding flag burning as "symbolic speech," should not stand without revision—can the official story survive such resounding doubt from everyday Americans weary of government inaction?

Your verdict sends a thunderous message: In this divided era, the flag demands defense against those who exploit freedoms to sow disorder, without trampling the liberties it represents. It's a catastrophic failure of the establishment to ignore this groundswell.

Want to make your voice heard? Check out more polls HERE.

Labor Day began as a political payoff to Socialist agitators

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During your time off this holiday, remember the man who started it: Peter J. McGuire, a racist Marxist who co-founded America’s first socialist party.

Labor Day didn’t begin as a noble tribute to American workers. It began as a negotiation with ideological terrorists.

In the late 1800s, factory and mine conditions were brutal. Workers endured 12-to-15-hour days, often seven days a week, in filthy, dangerous environments. Wages were low, injuries went uncompensated, and benefits didn’t exist. Out of desperation, Americans turned to labor unions. Basic protections had to be fought for because none were guaranteed.

Labor Day wasn’t born out of gratitude. It was a political payoff to Marxist radicals who set trains ablaze and threatened national stability.

That era marked a seismic shift — much like today. The Industrial Revolution, like our current digital and political upheaval, left millions behind. And wherever people get left behind, Marxists see an opening.

A revolutionary wedge

This was Marxism’s moment.

Economic suffering created fertile ground for revolutionary agitation. Marxists, socialists, and anarchists stepped in to stoke class resentment. Their goal was to turn the downtrodden into a revolutionary class, tear down the existing system, and redistribute wealth by force.

Among the most influential agitators was Peter J. McGuire, a devout Irish Marxist from New York. In 1874, he co-founded the Social Democratic Workingmens Party of North America, the first Marxist political party in the United States. He was also a vice president of the American Federation of Labor, which would become the most powerful union in America.

McGuire’s mission wasn’t hidden. He wanted to transform the U.S. into a socialist nation through labor unions.

That mission soon found a useful symbol.

In the 1880s, labor leaders in Toronto invited McGuire to attend their annual labor festival. Inspired, he returned to New York and launched a similar parade on Sept. 5 — chosen because it fell halfway between Independence Day and Thanksgiving.

The first parade drew over 30,000 marchers who skipped work to hear speeches about eight-hour workdays and the alleged promise of Marxism. The parade caught on across the country.

Negotiating with radicals

By 1894, Labor Day had been adopted by 30 states. But the federal government had yet to make it a national holiday. A major strike changed everything.

In Pullman, Illinois, home of the Pullman railroad car company, tensions exploded. The economy tanked. George Pullman laid off hundreds of workers and slashed wages for those who remained — yet refused to lower the rent on company-owned homes.

That injustice opened the door for Marxist agitators to mobilize.

Sympathetic railroad workers joined the strike. Riots broke out. Hundreds of railcars were torched. Mail service was disrupted. The nation’s rail system ground to a halt.

President Grover Cleveland — under pressure in a midterm election year — panicked. He sent 12,000 federal troops to Chicago. Two strikers were killed in the resulting clashes.

With the crisis spiraling and Democrats desperate to avoid political fallout, Cleveland struck a deal. Within six days of breaking the strike, Congress rushed through legislation making Labor Day a federal holiday.

It was the first of many concessions Democrats would make to organized labor in exchange for political power.

What we really celebrated

Labor Day wasn’t born out of gratitude. It was a political payoff to Marxist radicals who set trains ablaze and threatened national stability.

Kean Collection / Staff | Getty Images

What we celebrated was a Canadian idea, brought to America by the founder of the American Socialist Party, endorsed by racially exclusionary unions, and made law by a president and Congress eager to save face.

It was the first of many bones thrown by the Democratic Party to union power brokers. And it marked the beginning of a long, costly compromise with ideologues who wanted to dismantle the American way of life — from the inside out.

This article originally appeared on TheBlaze.com.

Durham annex EXPOSES Soros, Pentagon ties to Deep State machine

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The Durham annex and ODNI report documents expose a vast network of funders and fixers — from Soros’ Open Society Foundations to the Pentagon.

In a column earlier this month, I argued the deep state is no longer deniable, thanks to Director of National Intelligence Tulsi Gabbard. I outlined the structural design of the deep state as revealed by two recent declassifications: Gabbard’s ODNI report and the Durham annex released by Sen. Chuck Grassley (R-Iowa).

These documents expose a transnational apparatus of intelligence agencies, media platforms, think tanks, and NGOs operating as a parallel government.

The deep state is funded by elite donors, shielded by bureaucracies, and perpetuated by operatives who drift between public office and private influence without accountability.

But institutions are only part of the story. This web of influence is made possible by people — and by money. This follow-up to the first piece traces the key operatives and financial networks fueling the deep state’s most consequential manipulations, including the Trump-Russia collusion hoax.

Architects and operatives

At the top of the intelligence pyramid sits John Brennan, President Obama’s CIA director and one of the principal architects of the manipulated 2017 Intelligence Community Assessment. James Clapper, who served as director of national intelligence, signed off on that same ICA and later joined 50 other former officials in concluding the Hunter Biden laptop had “all the classic earmarks of a Russian information operation” ahead of the 2020 election. The timing, once again, served a political objective.

James Comey, then FBI director, presided over Crossfire Hurricane. According to the Durham annex, he also allowed the investigation into Hillary Clinton’s private email server to collapse after it became entangled with “sensitive intelligence” revealing her plan to tie President Donald Trump to Russia.

That plan, as documented in the annex, originated with Hillary Clinton herself and was personally pushed by President Obama. Her campaign, through law firm Perkins Coie, hired Fusion GPS, which commissioned the now-debunked Steele dossier — a document used to justify surveillance warrants on Trump associates.

Several individuals orbiting the Clinton operation have remained influential. Jake Sullivan, who served as President Biden’s national security adviser, was a foreign policy aide to Clinton during her 2016 campaign. He was named in 2021 as a figure involved in circulating the collusion narrative, and his presence in successive Democratic administrations suggests institutional continuity.

Andrew McCabe, then the FBI’s deputy director, approved the use of FISA warrants derived from unverified sources. His connection to the internal “insurance policy” discussion — described in a 2016 text by FBI official Peter Strzok to colleague Lisa Page — underscores the Bureau’s political posture during that election cycle.

The list of political enablers is long but revealing:

Sen. Adam Schiff (D-Calif.), who, as a former representative from California, chaired the House Intelligence Committee at the time and publicly promoted the collusion narrative while having access to intelligence that contradicted it.

Rep. Nancy Pelosi (D-Calif) and Sen. Chuck Schumer (D-N.Y.), both members of the “Gang of Eight” with oversight of intelligence operations, advanced the same narrative despite receiving classified briefings.

Sen. Mark Warner (D-Va.), ranking member of the Senate Intelligence Committee, exchanged encrypted text messages with a Russian lobbyist in efforts to speak with Christopher Steele.

These were not passive recipients of flawed intelligence. They were participants in its amplification.

The funding networks behind the machine

The deep state’s operations are not possible without financing — much of it indirect, routed through a nexus of private foundations, quasi-governmental entities, and federal agencies.

George Soros’ Open Society Foundations appear throughout the Durham annex. In one instance, Open Society Foundations documents were intercepted by foreign intelligence and used to track coordination between NGOs and the Clinton campaign’s anti-Trump strategy.

This system was not designed for transparency but for control.

Soros has also been a principal funder of the Center for American Progress Action Fund, which ran a project during the Trump administration called the Moscow Project, dedicated to promoting the Russia collusion narrative.

The Tides Foundation and Arabella Advisors both specialize in “dark money” donor-advised funds that obscure the source and destination of political funding. The Bill and Melinda Gates Foundation was the biggest donor to the Arabella Advisors by far, which routed $127 million through Arabella’s network in 2020 alone and nearly $500 million in total.

The MacArthur Foundation and Rockefeller Foundation also financed many of the think tanks named in the Durham annex, including the Council on Foreign Relations.

Federal funding pipelines

Parallel to the private networks are government-funded influence operations, often justified under the guise of “democracy promotion” or counter-disinformation initiatives.

USAID directed $270 million to Soros-affiliated organizations for overseas “democracy” programs, a significant portion of which has reverberated back into domestic influence campaigns.

The State Department funds the National Endowment for Democracy, a quasi-governmental organization with a $315 million annual budget and ties to narrative engineering projects.

The Department of Homeland Security underwrote entities involved in online censorship programs targeting American citizens.

Bloomberg / Contributor | Getty Images

The Pentagon, from 2020 to 2024, awarded over $2.4 trillion to private contractors — many with domestic intelligence capabilities. It also directed $1.4 billion to select think tanks since 2019.

According to public records compiled by DataRepublican, these tax-funded flows often support the very actors shaping U.S. political discourse and global perception campaigns.

Not just domestic — but global

What these disclosures confirm is that the deep state is not a theory. It is a documented structure — funded by elite donors, shielded by bureaucracies, and perpetuated by operatives who drift between public office and private influence without accountability.

This system was not designed for transparency but for control. It launders narratives, neutralizes opposition, and overrides democratic will by leveraging the very institutions meant to protect it.

With the Durham annex and the ODNI report, we now see the network's architecture and its actors — names, agencies, funding trails — all laid bare. What remains is the task of dismantling it before its next iteration takes shape.

This article originally appeared on TheBlaze.com.

The truth behind ‘defense’: How America was rebranded for war

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Donald Trump emphasizes peace through strength, reminding the world that the United States is willing to fight to win. That’s beyond ‘defense.’

President Donald Trump made headlines this week by signaling a rebrand of the Defense Department — restoring its original name, the Department of War.

At first, I was skeptical. “Defense” suggests restraint, a principle I consider vital to U.S. foreign policy. “War” suggests aggression. But for the first 158 years of the republic, that was the honest name: the Department of War.

A Department of War recognizes the truth: The military exists to fight and, if necessary, to win decisively.

The founders never intended a permanent standing army. When conflict came — the Revolution, the War of 1812, the trenches of France, the beaches of Normandy — the nation called men to arms, fought, and then sent them home. Each campaign was temporary, targeted, and necessary.

From ‘war’ to ‘military-industrial complex’

Everything changed in 1947. President Harry Truman — facing the new reality of nuclear weapons, global tension, and two world wars within 20 years — established a full-time military and rebranded the Department of War as the Department of Defense. Americans resisted; we had never wanted a permanent army. But Truman convinced the country it was necessary.

Was the name change an early form of political correctness? A way to soften America’s image as a global aggressor? Or was it simply practical? Regardless, the move created a permanent, professional military. But it also set the stage for something Truman’s successor, President Dwight “Ike” Eisenhower, famously warned about: the military-industrial complex.

Ike, the five-star general who commanded Allied forces in World War II and stormed Normandy, delivered a harrowing warning during his farewell address: The military-industrial complex would grow powerful. Left unchecked, it could influence policy and push the nation toward unnecessary wars.

And that’s exactly what happened. The Department of Defense, with its full-time and permanent army, began spending like there was no tomorrow. Weapons were developed, deployed, and sometimes used simply to justify their existence.

Peace through strength

When Donald Trump said this week, “I don’t want to be defense only. We want defense, but we want offense too,” some people freaked out. They called him a warmonger. He isn’t. Trump is channeling a principle older than him: peace through strength. Ronald Reagan preached it; Trump is taking it a step further.

Just this week, Trump also suggested limiting nuclear missiles — hardly the considerations of a warmonger — echoing Reagan, who wanted to remove missiles from silos while keeping them deployable on planes.

The seemingly contradictory move of Trump calling for a Department of War sends a clear message: He wants Americans to recognize that our military exists not just for defense, but to project power when necessary.

Trump has pointed to something critically important: The best way to prevent war is to have a leader who knows exactly who he is and what he will do. Trump signals strength, deterrence, and resolve. You want to negotiate? Great. You don’t? Then we’ll finish the fight decisively.

That’s why the world listens to us. That’s why nations come to the table — not because Trump is reckless, but because he means what he says and says what he means. Peace under weakness invites aggression. Peace under strength commands respect.

Trump is the most anti-war president we’ve had since Jimmy Carter. But unlike Carter, Trump isn’t weak. Carter’s indecision emboldened enemies and made the world less safe. Trump’s strength makes the country stronger. He believes in peace as much as any president. But he knows peace requires readiness for war.

Names matter

When we think of “defense,” we imagine cybersecurity, spy programs, and missile shields. But when we think of “war,” we recall its harsh reality: death, destruction, and national survival. Trump is reminding us what the Department of Defense is really for: war. Not nation-building, not diplomacy disguised as military action, not endless training missions. War — full stop.

Chip Somodevilla / Staff | Getty Images

Names matter. Words matter. They shape identity and character. A Department of Defense implies passivity, a posture of reaction. A Department of War recognizes the truth: The military exists to fight and, if necessary, to win decisively.

So yes, I’ve changed my mind. I’m for the rebranding to the Department of War. It shows strength to the world. It reminds Americans, internally and externally, of the reality we face. The Department of Defense can no longer be a euphemism. Our military exists for war — not without deterrence, but not without strength either. And we need to stop deluding ourselves.

This article originally appeared on TheBlaze.com.