Milton Friedman explains why price controls don’t work with a simple analogy 🔥“Think of a kettle on your stove and it’s got a cover on it. The boiling water is threatening to throw the cover off. The obvious sensible thing to do is turn down the heat under the kettle. Another thing you can do is take a brick and put it on top of the kettle, and at the same time turn up the heat.”“That’s precisely what President Nixon did in 1971 when he simultaneously put a brick on top of the kettle by freezin
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Milton Friedman explains why price controls don’t work with a simple analogy 🔥“Think of a kettle on your stove and it’s got a cover on it. The boiling water is threatening to throw the cover off. The obvious sensible thing to do is turn down the heat under the kettle. Another thing you can do is take a brick and put it on top of the kettle, and at the same time turn up the heat.”“That’s precisely what President Nixon did in 1971 when he simultaneously put a brick on top of the kettle by freezin
38.1K views1 month ago
x.comMilton Friedman Quotes
The Timeless Ideas Of Milton Friedman
The Timeless Ideas Of Milton Friedman
Mar 22, 2019
hoover.org
A Nobel Prize-winning economist explains what Milton Friedman got wrong
A Nobel Prize-winning economist explains what Milton Friedman got wrong
May 7, 2018
BUSINESS INSIDERSara Silverstein, Jacqui Frank, Kara Chin
Milton Friedman was in favor of free US trade deals of the 1980s and Steven Cohen advocates Japan's and now China's economic policies of higher tariffs and state subsidies. During the 1990's Milton Friedman's policies were proven right. In the 1990's America had massive economic growth and higher wages. We were the second most free market country in the world now we are 18th. While Japan has had two decades of stagnating wages and expensive state companies that it cannot eliminate without massiv
16:51
Milton Friedman was in favor of free US trade deals of the 1980s and Steven Cohen advocates Japan's and now China's economic policies of higher tariffs and state subsidies. During the 1990's Milton Friedman's policies were proven right. In the 1990's America had massive economic growth and higher wages. We were the second most free market country in the world now we are 18th. While Japan has had two decades of stagnating wages and expensive state companies that it cannot eliminate without massiv
7.8K viewsJan 5, 2019
FacebookMilton Friedman
As Milton Friedman points out, some people forget that those with political power can be selfish and greedy. This is a clip from Friedman's first guest appearance on "The Open Mind," a public affairs interview show hosted by Richard Heffner. This tape aired on public broadcasting stations nationwide on December 7, 1975. Watch more of the clip at the link below. | Libertarianism.org
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As Milton Friedman points out, some people forget that those with political power can be selfish and greedy. This is a clip from Friedman's first guest appearance on "The Open Mind," a public affairs interview show hosted by Richard Heffner. This tape aired on public broadcasting stations nationwide on December 7, 1975. Watch more of the clip at the link below. | Libertarianism.org
23.6K views7 months ago
FacebookLibertarianism.org
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