This videos explain the economic problems the US and the world face, explaining them in a way EVERYBODY can understand them. Milton Friedman was a nobel prize in economics, and he was the most important economist from the 20 century. His ideas are of human freedom, in every sense.
The videos are old, from 1980 but they are still relevant to this day, more than ever, because we live in a moment where our individual liberty is at danger.
Volume 1 - The Power of the Market
http://www.ideachannel.tv/includes/video3.php?id=1
America's freedom and prosperity derive from the combination of the idea of human liberty in America's Declaration of Independence with the idea of economic freedom in Adam Smith's Wealth of Nations. Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system
Volume 2 - The Tyranny of Control
http://www.ideachannel.tv/includes/video3.php?id=2
Government planning and detailed control of economic activity lessens productive innovation, and consumer choice. Good, better, best, are replaced by "approved" or "authorized." Friedman shows how "established" industries or methods, seek government protection or subsidization in their attempts to stop or limit product improvements which they don't control.
Volume 3 - Anatomy of Crisis
http://www.ideachannel.tv/includes/video3.php?id=3
The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States, loss of personal savings, were visible symbols supporting this belief. As Friedman explains, the real cause was the unseen failure of government policy and action. Yet this crisis resulting from government failure leads to decades of government expansion
Volume 4 - From Cradle to Grave
http://www.ideachannel.tv/includes/video3.php?id=4
The welfare state arises from the attempt to do good with other people's money. Such attempts always fail because: Nobody spends somebody else's money as carefully as his own. Welfare is supply driven. Those spending the money use force to collect it and to insure those receiving it use it for "right" purposes. Good intentions are corrupted by bad means.
Volume 5 - Created Equal
http://www.ideachannel.tv/includes/video3.php?id=5
The Declaration of Independence says, "all men are created equal." Friedman explains that this did not mean all persons should or will have equal talents or income. Equal opportunity to better one's self, and the right to personally benefit from the gains realized, are consistent with freedom. Equality of results requires force. Taking from some to give to others destroys freedom and removes the incentive for creating new wealth
Volume 6 - What's Wrong with our Schools
http://www.ideachannel.tv/includes/video3.php?id=6
Parental choice and parental responsibility in the education of children is the U.S. tradition and is consistent with a free society. Centralized government control has eroded freedom and adversely affected the quality of education. The poor help pay for education for the future rich. Friedman has long advocated using vouchers to solve the problem. He explains why
Volume 7 - Who Protects the Consumer?
http://www.ideachannel.tv/includes/video3.php?id=7
Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle beneficial innovation, and become agents for the industries or groups they are intended to regulate. Friedman explains how the apparent chaos of the market place, the competition of many suppliers for business, is the best protection of consumer interests
Volume 8 - Who Protects the Worker
http://www.ideachannel.tv/includes/video3.php?id=8
Unions sometimes protect some workers - their members - but usually at the expense of other workers. Government protects its employees and special groups of workers at the expense of other workers. Both unions and government restrict freedom. Friedman explains how the competition of employers for the talents of workers leads to the highest wages and best working conditions
Volume 9 - How to Cure Inflation
http://www.ideachannel.tv/includes/video3.php?id=9
Inflation results when the amount of money printed or coined increases faster than the creation of new goods and services. Money is a "token" of the wealth of a nation. If more tokens are created than new wealth, it takes more tokens to buy the same goods. Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem.
Volume 10 - How to Stay Free
http://www.ideachannel.tv/includes/video3.php?id=10
Democracies have only recently been considered desirable. Historically, it was feared that democracies always self destruct when citizens, forgetting that you cannot remove want and misery through legislation, insist on government actions that physically and morally bankrupt their nation. Friedman explains why the United States has so far avoided this outcome and how we can continue to do so
I dont recomend to watch the 90's series because they are not that good though.
Enjoy!
The videos are old, from 1980 but they are still relevant to this day, more than ever, because we live in a moment where our individual liberty is at danger.
Volume 1 - The Power of the Market
http://www.ideachannel.tv/includes/video3.php?id=1
America's freedom and prosperity derive from the combination of the idea of human liberty in America's Declaration of Independence with the idea of economic freedom in Adam Smith's Wealth of Nations. Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system
Volume 2 - The Tyranny of Control
http://www.ideachannel.tv/includes/video3.php?id=2
Government planning and detailed control of economic activity lessens productive innovation, and consumer choice. Good, better, best, are replaced by "approved" or "authorized." Friedman shows how "established" industries or methods, seek government protection or subsidization in their attempts to stop or limit product improvements which they don't control.
Volume 3 - Anatomy of Crisis
http://www.ideachannel.tv/includes/video3.php?id=3
The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States, loss of personal savings, were visible symbols supporting this belief. As Friedman explains, the real cause was the unseen failure of government policy and action. Yet this crisis resulting from government failure leads to decades of government expansion
Volume 4 - From Cradle to Grave
http://www.ideachannel.tv/includes/video3.php?id=4
The welfare state arises from the attempt to do good with other people's money. Such attempts always fail because: Nobody spends somebody else's money as carefully as his own. Welfare is supply driven. Those spending the money use force to collect it and to insure those receiving it use it for "right" purposes. Good intentions are corrupted by bad means.
Volume 5 - Created Equal
http://www.ideachannel.tv/includes/video3.php?id=5
The Declaration of Independence says, "all men are created equal." Friedman explains that this did not mean all persons should or will have equal talents or income. Equal opportunity to better one's self, and the right to personally benefit from the gains realized, are consistent with freedom. Equality of results requires force. Taking from some to give to others destroys freedom and removes the incentive for creating new wealth
Volume 6 - What's Wrong with our Schools
http://www.ideachannel.tv/includes/video3.php?id=6
Parental choice and parental responsibility in the education of children is the U.S. tradition and is consistent with a free society. Centralized government control has eroded freedom and adversely affected the quality of education. The poor help pay for education for the future rich. Friedman has long advocated using vouchers to solve the problem. He explains why
Volume 7 - Who Protects the Consumer?
http://www.ideachannel.tv/includes/video3.php?id=7
Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle beneficial innovation, and become agents for the industries or groups they are intended to regulate. Friedman explains how the apparent chaos of the market place, the competition of many suppliers for business, is the best protection of consumer interests
Volume 8 - Who Protects the Worker
http://www.ideachannel.tv/includes/video3.php?id=8
Unions sometimes protect some workers - their members - but usually at the expense of other workers. Government protects its employees and special groups of workers at the expense of other workers. Both unions and government restrict freedom. Friedman explains how the competition of employers for the talents of workers leads to the highest wages and best working conditions
Volume 9 - How to Cure Inflation
http://www.ideachannel.tv/includes/video3.php?id=9
Inflation results when the amount of money printed or coined increases faster than the creation of new goods and services. Money is a "token" of the wealth of a nation. If more tokens are created than new wealth, it takes more tokens to buy the same goods. Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem.
Volume 10 - How to Stay Free
http://www.ideachannel.tv/includes/video3.php?id=10
Democracies have only recently been considered desirable. Historically, it was feared that democracies always self destruct when citizens, forgetting that you cannot remove want and misery through legislation, insist on government actions that physically and morally bankrupt their nation. Friedman explains why the United States has so far avoided this outcome and how we can continue to do so
I dont recomend to watch the 90's series because they are not that good though.
Enjoy!
