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It gives me the great pleasure to present to you today Professor Milton Friedman. I want to talk today about the contrast between myths that are widely believed by the public at large, and what I regard as the reality, which typically contradicts those myths. As you are all aware, there has been a drastic shift in public attitudes and public opinions in the past fifty years or so with respect to the role of the individual on the one hand, and the role of government and collective institutions on the other. There has been a shift in the philosophy and attitudes of the public from a belief in individual responsibility, from a belief in a society in which the role of government was as an umpire, to a belief in a society in which the emphasis is on social responsibility, and the role of government as big brother and protector of the individual. As always when such shifts arise in public opinion, they are largely produced and reinforced by the development of myths about prior experience.