Milton Friedman explains the “drift toward collectivism” and counters it with an explanation of how the free market works.

Economist Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science, was one of the most recognizable and influential proponents of liberty and markets in the 20th century, and leader of the Chicago School of economics.

Milton Friedman, the recipient of the 1976 Nobel Prize for Economic Science, was one of the most recognizable and influential proponents of liberty and markets in the 20th century.

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.