By: R.J. Moeller

I feel that part of my duty to you, the reader, is to make sure you clearly understand the terms used in modern political and economic discourse. One of the most popular terms in the past two years is "libertarian." But what is a libertarian? What is libertarianism? How is it similar to conservatism? How is it different?

I can think of no one better to delineate all this (and more) than the late (and great) free market economist Dr. Milton Friedman. In a recently re-released interview he did with The Hoover Institution's "Uncommon Knowledge" host Peter Robinson, Dr. Friedman defines what he means when he labels himself a libertarian:

What do you think of Dr. Friedman's assessment of libertarianism? I'll be interested to hear your thoughts.

Happy New Year!