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Free to Choose - vol 01, 1980

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See the entire video at www.ideachannel.tv America's freedom and prosperity derive from the combination of the idea of human liberty in America's Declaration of Independence with the idea of economic freedom in Adam Smith's Wealth of Nations. Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system. Friedman visits Hong Kong, U.S. and Scotland.

Channel: People & Blogs
Uploaded: January 4, 2007 at 9:25 pm
Author: ideachannel

Length: 02:10
Rating: 4.79
Views: 52163

Tags: capitalism  choice  cooperation  economics  exchange  freedom  friedman  market  milton  pencil  price  system  voluntary  

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Video Comments

amirshah1212 (October 5, 2008 at 12:07 pm)
What would he say if he were holding a diamond in his hand?
stealthswimmer (October 5, 2008 at 6:30 am)
sounds like it. The only thing he really felt differently from a free-market type of economy was that he felt it was fine for government to control what is money instead of letting the market itself decide what was to be used for money. Other than that he was an advocate for free markets and an advocate for human freedom in general. =)
stealthswimmer (October 5, 2008 at 6:28 am)
Free to Choose was a really great series, and this part is especially of great importance. =)
Dodec84 (October 4, 2008 at 9:13 pm)
Here, you too. someone agrees with you or else he is stupid.
TimeWarp66 (October 4, 2008 at 9:08 pm)
Do you have to take classes to be this stupid?
Dodec84 (October 4, 2008 at 9:10 am)
Friedman thinks in black and white. It is the 'magical price system' OR communism in his most extreme form.
TimeWarp66 (October 1, 2008 at 3:09 am)
Milton Friedman was a national treasure.
meanjean29 (September 30, 2008 at 1:17 am)
You're disturbing. Even more disturbing is the educational system that leads you to think this is "disturbing." Optimistically, I hope by "disturbing" you mean this rattles your heavily indoctrinated understanding of economics. In that case, job well done by this posting!
granvillain (September 26, 2008 at 10:36 pm)
this is so disturbing
tuxguys (September 24, 2008 at 2:38 am)
If I'm not mistaken, isn't this a highly-accessible explication of the "unseen hand" theory of free markets espoused by either Hayek or Von Mises? What a lecturer he must have been. (I hope somebody posts Friedman's appearance on BOOKNOTES where he referes to J. K. Galbraith as a socialist, and manages to be non-perjorative, merely matter-of-fact, when he does it...)

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