Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)
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Is There a Programme for Steel Workers?
The foreign exchange market is a very free and volatile marke with o the steel worker that is laid off. That is a problem that should not be related to international trade. If we're going to have a program, we ought to have a programme to help anybody who is in distress. I have discussed this at some length in connection with proposals for a negative income tax elsewhere. And in my opinion, that would be an effective and ample solution of the problem.
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