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Arnold has a degree in ecomics from the University of Wisconsin-Superior. Even though he didn't study at the University of Chicago under the world's greatest economist Fredrick Hayek like Milton did, he still is a Classical Liberal. In other words, he is a fiscal conservative.

Here's what Arnold said on Milton Feidman's "Free to Choose" series. Milton and Rose Friedman's Free to Choose TV series has changed my life.

I came from Austria, a socialistic country where government controlled the economy. A place where you can hear 18-year-old kids talking about their pensions. I wanted more. I wanted to be the best. I had to come to America. I had no money in my pocket, but here I had the freedom to get it. I have been able to parlay my muscles into a big movie career.

Okay, so there I was, waiting for Maria to get ready for a game of mixed doubles tennis. I started flipping the television dial. I caught a glimpse of Nobel Prize winning economist Milton Friedman whom I recognized from my studies in economics. I didn't know I was watching Free to Choose. It knocked me out. Dr. Friedman validated everything I ever thought about the way the economy works.

I became a big pain in the neck about Free to Choose. All my friends and acquaintances got tapes as well as books for Christmas after Christmas. If I had come up with Free to Choose, maybe I wouldn't have got into body building. --Arnold Schwarzenegger

Here's what Arnold said on Milton Feidman's "Free to Choose" series

This is a fantastic quote! I almost ordered the tape myself to find out what he said on it :-)

Do you have a source for that we can point to??? Thanks!

"Okay, so there I was, waiting for Maria to get ready for a game of mixed doubles tennis. I started flipping the television dial. I caught a glimpse of Nobel Prize winning economist Milton Friedman whom I recognized from my studies in economics. I didn't know I was watching Free to Choose. It knocked me out. Dr. Friedman validated everything I ever thought about the way the economy works."

Arnold needs to get this across to the voters of California loud, clear, and often. This jibes with the OLD Arnold I've read about. It doesn't square at all with the quotes from the NEW Arnold I've been hearing about.