When the Iron Curtain fell, Eastern European countries were left with the monumental task of building their governments and economies nearly from scratch. In today’s podcast, hear Robert Ebel, International Government Finance Economist, Milton Friedman, 1976 Nobel laureate in Economics, and Tom Hazlett, then Editor-in-Chief of The Wesleyan Review, discuss the pitfalls and triumphs of privatizing what were once solid socialist countries.

Originally Recorded: 1993