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Thursday, October 14, 2010

Free-Market Capitalism in a Nutshell

Milton Friedman, Nobel Prize in economics and ...Milton Friedman, Nobel Prize in Economics (Image via Wikipedia)
Read related » A Genius At Work
[This related article is recommended in its entirety.]
“Thanks to the inherent genius of the free market and human innovation, people living today are able to watch true genius at work. I offer for your edification and viewing pleasure, a true genius in every sense of the word: Milton Friedman.”
— Secular Apostate, 10-14-2010 (secularapostate.net)

OK, boys and girls, you're in for a treat.

Milton Friedman, a great American economist, statistician, professor at the University of Chicago, and a recipient of the Nobel Prize in Economics, will teach you (posthumously, via the below video) all you need to know to truly appreciate the wondrous way in which free-market capitalism creates wealth for every participant, by breaking the bonds of zero-sum games (i.e., central-planning socialism).

Enjoy!


Milton Friedman - Lesson of the Pencil



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