Milton Friedman Discusses Economic Theory
August 28, 2009 in Politics
In this video clip (below the jump) from 1979 you can witness an exchange between a brilliant man with a grasp of history and a wishful dreamer who believes in ‘virtue’ rather than productivity, as they discuss economics.
If you would prefer not to see it, scroll on down.
This train of thought, sadly, is no longer taught in schools, colleges, or newsrooms. 30 years have passed since this exchange was recorded and we have witnessed the fall of the Soviet Union, the rise quasi-capitalism in China, and explosive growth in the newly-minted capitalist states in southeast Asia (Vietnam and S Korea).
Why can’t people learn this?
