Inflation results when the amount of money printed increases faster than the creation of new goods and services. Money is a ”token” of the wealth of a nation. If more tokens than new wealth are created, it takes more tokens to buy the same goods. Milton Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Today’s podcast is “How to Cure Inflation.”

In today’s podcast, when President Kennedy was confronted by the Cuban Missile Crisis in 1962, he formed an executive committee to assist him in deciding on a course of action. Twenty years later, Professor Richard Neustadt interviewed General Maxwell Taylor to reflect on Taylor’s key role on that committee and in the Cuban Missile Crisis. Here is “The Cuban Missile Crisis Revisited: Phase 3.”

In today’s podcast, we present part two of a panel moderated by Richard Neustadt with four members of President John F. Kennedy’s executive committee–Robert S. McNamara, George W. Ball, McGeorge Bundy, and U. Alexis Johnson–as they reconvene twenty years after the Cuban Missile Crisis to reflect on the lessons learned. Here is “The Cuban Missile Crisis Revisited: Phase 2, Part II.” Listen now.

In today’s podcast, Milton Friedman is joined by other guests at the University of Chicago. They discuss some of the ideas presented in the documentary segment of “Who Protects the Worker?,” part of volume eight of the ten-part public television series “Free To Choose.” Listen now.

Unions and government both try to protect workers but it usually comes at the expense of other workers. Both end up restricting freedom. Milton Friedman explains how the competition of employers for the talents of workers leads to the highest wages and best working conditions. Today’s podcast is “Who Protects the Worker?” Listen now.

In today’s podcast, twenty years after the Cuban Missile Crisis, Richard Neustadt moderates a panel of four members of President John F. Kennedy’s executive committee–Robert S. McNamara, George W. Ball, McGeorge Bundy, and U. Alexis Johnson–as they reconvene to reflect on the lessons learned. Here is “The Cuban Missile Crisis Revisited: Phase 2, Part I.” Listen now.

In today’s podcast, Milton Friedman is joined by other guests at the University of Chicago. They discuss some of the ideas presented in the documentary segment of “Who Protects the Consumer?,” part of volume seven of the ten-part public television series “Free To Choose.” Listen now.

Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle innovation, and become agents for the industries or groups they are intended to regulate. Friedman explains how the free market and competition are the best protection for consumer interests. Today’s podcast is “Who Protects the Consumer?” Listen now.

In today’s podcast, when President Kennedy was confronted by the Cuban Missile Crisis in 1962, he formed an executive committee to assist him in deciding on a course of action. Twenty years later, four members of that committee reflect on the lessons learned. Here is “The Cuban Missile Crisis Revisited: Phase 1.” Listen now.

In today’s podcast, Milton Friedman is joined by guests Dr. Gordon Tullock of the University of Arizona and Dr. Henry Levin of Stanford University for an updated discussion of some of the ideas presented in the documentary segment of “The Failure of Socialism,” part of a 1990 update to the ten-part public television series “Free To Choose.” Listen now.