Sunday, January 9, 2011

Milton Friedman: Free to Choose: Part 1-- The Power of the Market

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.

The discussion in the second half of this video is as enlightening as the main program itself. It may be 25 - 30 years since this program was made, but the issues are still the same, and there are still many who believe that strict government regulation and controls are preferable to individual freedom.


  1. Woah, is it 1hr per video? It's going to take a long time to get through all of these!

  2. Yep, 1 hour per video :-0 Friedman's commentary runs for the first half hour. The second half hour, he debates people who disagree with his point of view and anyone who has seen Friedman debate will already know what happens to those who challenge his point of view.

  3. I just watched the first part - it's the first time I see him speak, actually, so it was quite interesting to watch. Looking forward to the rest.