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