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Milton Friedman Speaks: Lecture 08, "Free Trade: Producer vs. Consumer" and Q & A - DVD $25.00
Milton Friedman Speaks: Lecture 08, \"Free Trade: Producer vs. Consumer\" and Q & A - DVD
If free trade is so good, why is protectionism so popular? Part of the answer lies in a simple political principle — interests that are concentrated (those of the producer) are more politically effective than interests that are diffuse (those of the consumer). Protection does not create jobs or move goods; rather, it forces us to expend greater effort to get the goods we produce, since they cost more to produce at home than abroad. The balance of payments can take care of itself, provided we do not manipulate foreign exchange markets to put an artificial value on the dollar. The right solution is to dismantle systematically our own trade barriers and set an example for the rest of the world. Original recorded in 1978. Due to deterioration of original tape some video is lost or poor quality. ©1978 Lecture 49 min/Q&A 30 min.
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Milton Friedman Speaks: Lecture 08, "Free Trade: Producer vs. Consumer" and Q & A - 2 Audio CDs
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