Milton Friedman called for unilateral free trade. | FEE - Foundation for Economic Education
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Milton Friedman Free Trade Producer vs. Consumer | Milton Friedman
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For nearly 250 years, economists have spoken with nearly one voice on free trade. Milton Friedman explains how this consensus began with Adam Smith's "The Wealth of Nations" in 1776—the same year America declared independence. Even the rare dissenting voices agreed that free trade is ideal in principle. Watch Friedman's clear explanation of this enduring economic truth. | Free To Choose Network
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Milton Friedman perfectly explains why protectionist trade policies persist despite economists almost universally opposing them. The answer? Concentrated special interests win over diffused public benefit. As Friedman wryly notes, tariffs do "protect" consumers quite effectively—from low prices! Watch this classic Friedman moment that remains just as relevant today as when he first said it. | Free To Choose Network
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Opinion: Milton Friedman on the Morality of the Free Market
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Milton Friedman was in favor of free US trade deals of the 1980s and Steven Cohen advocates Japan's and now China's economic policies of higher tariffs and state subsidies. During the 1990's Milton Friedman's policies were proven right. In the 1990's America had massive economic growth and higher wages. We were the second most free market country in the world now we are 18th. While Japan has had two decades of stagnating wages and expensive state companies that it cannot eliminate without massiv
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