Episode 03 - Anatomy of Crisis

"Free To Choose" is the ground-breaking PBS television series featuring Milton Friedman, Nobel Prize-winning economist. These programs, filmed on location around the world, have helped millions of people understand the close relationship between the ideas of human freedom and economic freedom. The interaction between those ideas has created in the U.S. the richest and freest society the world has ever known. Milton Friedman sees this success threatened by the tendency in the last few decades to assume that government intervention is the answer to all problems. In these programs, which first aired on January 11, 1980, Dr. Friedman focuses on basic principles. How do markets work? Why has socialism failed? Can government help economic development? The 1980 version consists of 10 one-hour programs.