Thursday, July 19, 2007

Milton Friedman on Icelandic State Television


 
Professor Friedman came to Iceland in 1984 to give a lecture at The University of Iceland.

This is an interview with him on Icelandic State Television. The setup is interesting, with Friedman are three radically left-wing scholars who criticize him each at a time for everything from monetary policy to drug policy. One of them, Ólafur Ragnar Grímsson, is the current president of Iceland.
   
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I wish lots of people could see this and understand how ideas matter and that this is an example of a set of ideas being turned into policy and we see the consequences with the collapse of our financial system.

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