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Milton Friedman on Crony Capitalism, Public Choice, and the Need to Look Beyond Stated Intentions

Posted By Don Boudreaux On May 20, 2014 @ 10:44 pm In Adam Smith,Competition,Crony Capitalism,History,Reality Is Not Optional,Regulation,Video | Comments Disabled

In this early 1980s discussion with Phil Donahue (no, not the famous clip [1] in which he riffs on Donahue’s naive worry that self-interest is anti-social), Milton Friedman explains vitally important economic insights with revealing examples from history.

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[1] the famous clip: http://www.youtube.com/watch?v=RWsx1X8PV_A&eurl=http://blog.financeandeconomicscenter.com/category/general-post/

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