Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)
Free To Choose Media Podcast
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Are You a Scoundrel?
There is not the slightest chance in the world that the us. Steel industry would disappear, he says. The advantages of being close sources of supply to sources of fuel and to market would certainly guarantee that we would have a very large domestic steel industry. But so far as our national defense needs are concerned, nso far as we cannot satisfy them by importing steel from abroad, we would always have a domestic steel industry,. He adds: "I believe it is an excuse and not a reason"
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