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Milton Friedman Schools Young Idealist (Stanford)

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Published on Mar 15, 2011

In this classic footage from a Stanford University lecture, Professor Friedman takes Q&A after his talk "The Role of Government in a Free Society." In this exchange, a young man describes poverty as a "market failure." Friedman, in characteristic fashion, shows otherwise. Though this was recorded around 1979, the exchange is timeless.

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