Milton Friedman

Milton Friedman: Government's Responsibility to the Poor

What is the government's role when it comes to taking care of the poor and disadvantaged people? Watch how professor Milton Friedman answers this important question during the Q&A session at one of his lectures at Stanford University. This timeless recording was made at around late 1970's.

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Milton Friedman About Public Education and Shift in Responsibility From Individual to Collective

Who is responsible for the mistakes of the individual?  The individual himself or the collective?  Who is responsible for the education of the individual?  His parents or the society as a whole?  In the following video Milton Friedman explains the shift in views from individual responsibility in 19th century to collective responsibility in 20th century.

video taken from straighttothebottom YouTube channel

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Milton Friedman - Adam Smith and Invisible Hand

Milton Friedman talks about Adam Smith's well-known phrase "invisible hand," which was introduced in his famous book "The Wealth of Nations." In it, explains Friedman, Adam Smith explained how individuals doing productive work by pursuing only their own interests, are also ending up promoting interests of the society, as if they were lead by the "invisible hand."

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Milton Friedman - The Pencil

Milton Friedman uses pencil to explain how free market promotes harmony and peace in the World.

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Ante Marković - Milton Friedman of Balkans

What led to fall of Soviet Union and Yugoslavia? The same thing that is now destroying the United States: inflation - printing money out of thin air. That is a classic unlearned lesson in economics which is repeating itself since the Roman Empire.  In this next video famous policy maker from former Yugoslavia Ante Marković comments:

 

 

Milton Friedman on Virtues of Capitalism and Greed

Milton Friedman talking about the virtues of capitalism and greed.

(video translated and published by CowboyBebop2012 youtube channel)

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Milton Friedman on Libertarianism

 

What are the elements of the libertarian movement and how does one of its most illustrious proponents Milton Friedman apply its tenets to issues facing the United States and the world today? 

 

(watch the rest of this 4-part video on RCO64 youtube channel)

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