Bob Chitester
Dr. Friedman states, "There is not a single person in the world who can make this pencil." He explains that the creation of even a simple object - like the "lead" pencil - requires the knowledge of many people, lumberjacks, steel manufacturers, miners, etc. These people may not speak the same language, they may not know or like one another, yet the market enables them to combine knowledge and effort to produce wealth.
Walter Williams critiques the war on poverty, schooling, and more in this public television documentary based on Walter Williams' book 'The State Against Blacks'.
'Beneficiaries' is the first part of the 'Tyranny of the Status Quo' series, featuring Dr. Friedman discussing topics with a select group of college students.
Milton sits with a panel of students to discuss the always exciting topic of bureaucrats!
The final part of the 'Tyranny of the Status Quo' series features Dr. Friedman discussing politicians with a panel of students.
Inflation results when the amount of money printed or coined increases faster than the creation of new goods and services. Money is a "token" of the wealth of a nation. If more tokens are created than new wealth, it takes more tokens to buy the same goods. Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Friedman visits Japan, U.S. and Britain.
Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle beneficial innovation, and become agents for the industries or groups they are intended to regulate. Friedman explains how the apparent chaos of the market place, the competition of many suppliers for business, is the best protection of consumer interests.
Unions sometimes protect some workers - their members - but usually at the expense of other workers. Government protects its employees and special groups of workers at the expense of other workers. Both unions and government restrict freedom. Friedman explains how the competition of employers for the talents of workers leads to the highest wages and best working conditions.
Democracies have only recently been considered desirable. Historically, it was feared that democracies always self destruct when citizens, forgetting that you cannot remove want and misery through legislation, insist on government actions that physically and morally bankrupt their nation. Friedman explains why the United States has so far avoided this outcome and how we can continue to do so.
Lecture given at University of Chicago as part of the 'Milton Friedman Speaks' series.
Lecture given at Americanism Education League in Pasadena, CA as part of the 'Milton Friedman Speaks' series.
Lecture given at Harlem Parents for Vouchers in New York City as part of the 'Milton Friedman Speaks' series.
Lecture given at The Mayo Clinic in Rochester, MN as part of the 'Milton Friedman Speaks' series.
Lecture given at WQLN TV in Erie, Pennsylvania as part of the 'Milton Friedman Speaks' series.
Lecture given at National Association of Manufacturers/National Industrial Council, Congress of American Industry in Washington, D.C. as part of the 'Milton Friedman Speaks' series.
Lecture given at Utah State University as part of the 'Milton Friedman Speaks' series.
Lecture given at University of San Diego & San Diego Chamber of Commerce as part of the 'Milton Friedman Speaks' series.
Landon Lecture given at Kansas State University as part of the 'Milton Friedman Speaks' series.
Lecture given at Cornell University as part of the 'Milton Friedman Speaks' series.
Lecture given at Ford Foundation in New York City as part of the 'Milton Friedman Speaks' series.
Lecture given at Bank of America in San Francisco, CA as part of the 'Milton Friedman Speaks' series.
Lecture given at Stanford University as part of the 'Milton Friedman Speaks' series.
Lecture given at University of Rochester as part of the 'Milton Friedman Speaks' series.
Lecture given at William and Mary College as part of the 'Milton Friedman Speaks' series.
