America’s freedom and prosperity derive from the combination of the idea of human liberty in America’s Declaration of Independence and the idea of economic freedom in Adam Smith’s Wealth of Nations. Economist Milton Friedman visits Hong Kong, the United States, and Scotland to explain how markets and voluntary exchanges organize activity and enable people to improve their lives.

Today’s podcast is “The Power of the Market,” volume one of the ten-part public television series “Free To Choose.”

Listen now.