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Power of the Market - Prices

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Uploaded by on Aug 31, 2008

Milton Friedman explains the function of prices in the marketplace. (3 of 30) http://www.libertypen.com

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  • wow! very very good! he was such a great mind!

  • I agree.

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  • @jameschua111 He is saying that we the people, the consumer, determine prices in the free marketplace. Corporations rely on gov't force to monopolise and make competition harder thus allowing those politically connected corporations charging more than they should for the products they produce and takes away the power from the consumer. Consumers vote everytime they spend their money in the marketplace. The free market is we the people.

  • can someone translate what he said into plain english?

  • He explains it well he lays it out so well that criticism of it can only be outrageous and misinformed. He speaks such truth I dare someone to argue against his logic.

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  • greatttt mind indeed!

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