Milton Friedman on the Progress of Free Markets

From an article at the Australian reprinting Milton Friedman’s comments in the Hoover Digest:

After World War II, opinion was socialist while practice was free market; currently, opinion is free market while practice is heavily socialist. We have largely won the battle of ideas; we have succeeded in stalling the progress of socialism, but we have not succeeded in reversing its course. We are still far from bringing practice into conformity with opinion. That is the overriding non-defence task for the second Bush term. It will not be an easy task, particularly with Iraq threatening to consume Bush’s political capital.

Keep reading… (Hat-tip to Instapundit.)