Adam Smith's Wealth of Nations

Government planning and detailed control of economic activity lessen productive innovation and consumer choice. Good, better, best, are replaced by ”approved” or ”authorized.” Economist Milton Friedman visits India, Japan, and the United States to show how “established” industries or methods seek government protection or subsidization in their attempts to stop or limit product improvements which they don’t control. Today’s podcast is “The Tyranny of Control,” volume two of the ten-part public television series Free To Choose. Listen now.