Milton Friedman on Self-Interest, Profit, Slavery, Colonialism, and Principled Business

The late Nobel Peace Prize winning economist Milton Friedman discusses various issues during a question and answer period. This is a good companion to the Free to Choose post.

On Slavery and Colonialism (Note how the rambling student reveals his hand by referring to “so-called” communist countries, and “so-called” democratic countries…)

Morality and Economic Policy:

On the Ford Pinto, and Principled Business:

I attended a lecture once at the University of Oregon that was similar to this. Lots of sign waving and emotional outbursts over the speaker. The conformity of the shouting mob was only drowned out by their self-congratulation for courageously ‘standing alone’ on their collective ideas.