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Season
Season 1 Episode
- Season 1 What is America? (Lecture)
- Season 1 What is America? (Q&A)
- Season 1 Myths That Conceal Reality (Lecture)
- Season 1 Myths That Conceal Reality (Q&A)
- Season 1 Is Capitalism Humane? (Lecture)
- Season 1 Is Capitalism Humane? (Q&A)
- Season 1 The Role of Government in a Free Society (Lecture)
- Season 1 The Role of Government in a Free Society (Q&A)
- Season 1 What is Wrong with the Welfare State? (Lecture)
- Season 1 What is Wrong with the Welfare State? (Q&A)
- Season 1 Money and Inflation (Lecture)
- Season 1 Money and Inflation (Q&A)
- Season 1 Is Tax Reform Possible? (Lecture)
- Season 1 Is Tax Reform Possible? (Q&A)
- Season 1 Producer vs Consumer (Lecture)
- Season 1 Free Trade: Producer vs Consumer (Q&A)
- Season 1 Energy Crisis: A Humane Solution (Lecture)
- Season 1 Energy Crisis: A Humane Solution (Q&A)
- Season 1 The Economics of Medical Care (Lecture)
- Season 1 The Economics of Medical Care (Q&A)
- Season 1 Putting Learning Back in the Classroom (Lecture)
- Season 1 Putting Learning Back in the Classroom (Q&A)
- Season 1 Who Protects the Consumer? (Lecture)
- Season 1 Who Protects the Consumer? (Q&A)
- Season 1 Who Protects the Worker? (Lecture)
- Season 1 Who Protects the Worker? (Q&A)
- Season 1 Equality and Freedom in the Free Enterprise System (Lecture)
- Season 1 Equality and Freedom in the Free Enterprise System (Q&A)
- Season 1 The Future of Our Free Society (Lecture)
- Season 1 The Future of Our Free Society (Q&A)
Milton Friedman Speaks - Season 1 Episode 15 Producer vs Consumer (Lecture)
10.00 48 minutes 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 diffused (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 systematically dismantle our own trade barriers and set an example for the rest of the world. Recorded at Alfred M. Landon Lecture at Kansas State University
