Milton Friedman Speaks: Free Trade: Producer vs. Consumer
Milton Friedman speaks on free trade.
If free trade is so good, why is protectionism so popular? Part of the answer lies in a simple political principle - interests that are concentrated (those of the producer) are more politically effective than interests that are diffuse (those of the consumer). Protection does not create jobs or move goods; rather, it forces us to expend greater effort to get the goods we produce, since they cost more to produce at home than abroad. The balance of payments can take care of itself, provided we do not manipulate foreign exchange markets to put an artificial value on the dollar. The right solution is to dismantle systematically our own trade barriers and set an example for the rest of the world.
Check out our Facebook page here: / freetochoosenetwork
Visit our media website to find other programs here: freetochoosemedia.org/index.php
Connect with us on Twitter here: / freetochoosenet
Learn more about our company here: freetochoosenetwork.org/
Shop for related products here: www.freetochoose.net/
Stream from FreeToChoose.TV here: freetochoose.tv/
Пікірлер: 107
Some people attend events simply to cough
I'm not an expert of Economics, but man he is so smart. His arguments are so compelling he almost sound like trolling.
Greatest Speaker on Economics Ever!!!
since 1990 Chile's poverty rate has been cut in half. That is what I call fair, and that's what I attribute to Milton Friedman.
Milton Friedman is the greatest and most brilliant economy of the 20th century.
No matter how many times I listen to Freedman he still blows me away all over again. That this man who so eloquently makes the case for liberty was not persuasive to the body politic is an ominous sign of our doom. I really doubt the case will ever be made more lucid and powerful. There is no one that can fill his shoes (and no one will fill the shoes of Anton Scalia on SCOTUS either),
The only problem with this video, is the low view count. If this was a popular as Nicki Minaj our country would be great!
my hero!!! Dont be hating on milton cuz he gets all the ladies!
the depth of knowledge and insight is amazing. thanks for posting this!
Where is the modern day Milton Friedman? Instead I hear Jim Carrey on Real Time that we should advocate for socialism. Where are the reasonable mainstream voices on this conversation at the moment.
5:17
Simply extraordinary!
the person who coughed from start to end is a great example of the limitation of freedom. We have freedom to live our life but it should not affect others'freedom to life and happiness .
Excellent Channel.
Yes he was favour of creating jobs for the poor - and yes it is led by the profit motive. Who else is going to pay their salaries? you? me? the state? Chile has become a beacon of free trade with the highest literacy and wages in South America. The Pinochet revolution was exactly that and though many good people suffered horribly; to blame Friedman is a non-sequitor. Friedman got a one off chance; a carte blanche to design an entire countrys economic policy; he took it and he got it spot on,
.. I'll just quote an article right here "The percentage of Chileans with household incomes below the poverty line - defined as twice the cost of satisfying a person's minimal nutritional needs - fell from 45.1% in 1987 to 13.7% in 2006" like wise, "In 2006, Chile became the country with the highest nominal GDP per capita in Latin America." one question for you, does it bother you when poor people make more money?
Friedman, Trump should watch from
Timely for our era!
WOW! "in the name for prosperity and world peace let us move towards free trade"
brilliant