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Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)

Free To Choose Media Podcast

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A Market Is a Market

I think we should allow the russians freely to buy all the agricultural products they want, provided they pay for it with their own money. The real problem with the russian purchases is that anlarge part it has been subsidized by loans from western countries. So far as a common market is concerned,. They have engaged in agricultural protectionism and a large scale. As you say, they are making a mistake to doing that. A market is a market. You know, i did not hear any complaints from farmers at the time that farm prices were abnormally high. Did you what is this? Are we going to have a game of heads? I win, tails, you lose.

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