First published at 19:28 UTC on June 25th, 2019.
Milton Friedman presents the third part of the ten part TV series "Free to Choose" from 1980.
The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States,…
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Milton Friedman presents the third part of the ten part TV series "Free to Choose" from 1980.
The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States, loss of personal savings, were visible symbols supporting this belief. As Friedman explains, the real cause was the unseen failure of government policy and action. Yet this crisis resulting from government failure leads to decades of government expansion.
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