Part 1- Free or Equal Questions While watching Free or Equal, complete the following statements for questions 1-9.

Use the precise language from the video. Question 10 asks you to analyze a proposal and provide your unique perspective. 1. Professor Milton Friedmans research led him to believe in the power of individual and political Freedom. 2. If the government gives everybody the same freedom to work . . . some will do better than others. The result will be unequal, but not unfair. 3. After World War II, Hong Kong became a refugee camp with millions of extremely poor people. Hong Kong had no prospects, no natural resources and little land that could be cultivated. But almost by accident it was given Economic Freedom. . . . As a result, Hong Kong became an free market. 4. In the small Baltic country of Estonia, Prime Minister Mart Laar took his inspiration from Professor Friedmans book Free To Choose. What three things did he do to imitate the Hong Kong model?: Zero tariff, flat tax and minimum of regulation. 5. Adam Smiths concept of the invisible hand was illustrated in the example of buying a tomato. The following 3 points were made: We vote with our pocket books. Every purchase sends a message. To make your life better, you have to better the lives of others. 6. Economists call the constant renewal of the economy Creative Destruction. To increase our wealth and opportunities, we have to stop doing old things in old ways and start doing innovative things in better ways. 7. Swedish entrepreneurs are the oldest in the world. Young Swedes and entrepreneurial immigrants have moved from Sweden to Britain and the U.S. because the rewards are much greater there, where taxes are lower. 8. The Founding Fathers had learned the lesson of history. The great danger to freedom is the concentration of power, especially in the hands of a Government. 9. As Milton Friedman said, The society that puts equality before freedom will get neither. The society that puts freedom before equality will end up with a great measure of both. 10. Essay: Professor Friedman compares the concept of equality of opportunity to a race where everyone begins at the starting line at the same time. In contrast, equality of outcome guarantees that everyone finishes at the same time. Today, equality of outcome is referred to as fair shares for all.

We are not created equal. But with inequality, there is the creation of opportunity. If you decrease the demand innovated then you decrease the potential of those who can expand the market and therefore decrease the ability to grow. Taking Sweden into point you must believe that the market, in order to thrive has to be unequal. Because if there is no incentive, then would that decrease the ability or the incentive to innovate? I would argue that the Americans would slowly suffer educationally if we took an accumulative grade. You would get student that would not want to rise to meet their true potential. It would also allow other students to be mis-lead by the false idea that they were doing good educationally when in reality they lesson they should learn is that they need to investigate another field in life where they could contribute more efficiently. They the other side effect would be that the student who are excelling would never reach their full potential. Therefore causing society to regress. Life isnt fair. No one is created equal but in order to create the sense of equality we need to allow individuals to experience life the we all do By doing. By making choices and suffering the consequences, good or bad. In order to create equality in a society where no one is created equal is give them all an opportunity to create a space within a free market where they can thrive or fall by their own choices. We all can start at the same time, but by the time we cross the finish line at least we will not that everything we experience was based on our own choices didnt have to slow down or speed up in order to cross the finish line base on somebody else good intentions. Part 2- Reflection Writing. Milton Friedman help me understand why we need to be good communicators but also have the ability to think critically. Once we allow a centralized government to have sway in our economy we hurt the American society ability to innovate and grow economically. But I also think he allowed me to see that we need to be accountable to ourselves by accepting the consequences for our actions. The ability to solve problems comes when the choices of other creates an opportunity for the private sector to rise. For someone to innovate a way to solve a complex issue without having a centralized government get involved, allows individuals the opportunity to think critically. For them to communicate their ideas and opinions to the public and to implement those ideas into to society to benefit those who would choose to use it. In closing I feel that Milton Friedman got it right. That in order to society to progress we need to allow individuals the opportunity to grow in a free market where they can create an opportunity for themselves. Because to take away ownership of an issue and have the government step in we as Americans are diminishing our ability to grow and progress and society.