Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)
Free To Choose Media Podcast
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Is It Unpatriotic to Produce Oil?
There is no question that oil from the north slope would go to japan. But this is another case in which hat is sensible is being prevented by erroneous governmental policy. In our great wisdom, we restrict the production of domestic oil and we subsidize the import of foreign oil. How silly can you be? We read about the dollar being weak on the dollar exchange how did it become politically feasible to unpay the dollar? And what are the advantages and disadvantages of an unpagd foreign currency versus a peg foreign currency?
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