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By ABDON M. PALLASCH AND LYNN SWEET Staff Reporters March 19, 2012 1:14PM

GOP Presidential Candidate Mitt Romney at University of Chicago as Mitt Romney delivers speech on Economic Freedom Monday, March 19, 2012 . | John H. White~Sun-Times.

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GOP presidential front-runner Mitt Romney came to the University of Chicago the home of the late legendary conservative economist Milton Friedman to say that Friedman was right: the free market must not be chained.

Milton Friedman knew what President Obama still has not learned, even after three years and hundreds of billions of dollars in spending: The government does not create prosperity; free markets and free people do, Romney told a room full of students and fans.

Exactly two months ago in this same room, President Obamas senior Advisor David Axelrod launched his Institute of Politics that he will chair after he re-elects Obama, he has said. Obama taught law at the University of Chicago.

Romneys main pledges were the Republican staples of lower taxes and less regulation.

Instead of expanding the government, I will shrink it, he said. Instead of raising taxes, Im going to cut them. Instead of adding more regulations, I will reduce them.

He will cut government spending on good and bad programs alike, including Planned Parenthood, he said.

..Subsidies to Planned Parenthood: I an going to eliminate those subsidies and those programs are going to have to stand on their own, Romney said.

Originally posted here:
Mitt Romney in Chicago: ‘Regulations erode our freedom’