Milton Friedman on Cronyism

This is a short video segment where Milton Friedman explains cronyism, which he called corporatism. Then he talks about the unseen cost of Medicare.

 

Happy birthday, Milton Friedman.

Veronique de Rugy — Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University. Her primary research interests include the U.S. economy, the federal budget, homeland security, taxation, ...