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The Moral Consequences of Economic Growth

Summary:

The book argues that economic growth is essential for fostering greater opportunity, tolerance, and democracy, positing that stagnation leads to societal regression and inequality. It emphasizes the importance of growth not just for material prosperity but also for moral progress and social cohesion.

Key points:

1. Growth and Social Progress: Friedman says growth isn't just about wealth—it also improves education, healthcare, and society's openness. A growing economy can lead to more inclusive and democratic attitudes.

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