17K views · 475 reactions | Milton Friedman perfectly explains why protectionist trade policies persist despite economists almost universally opposing them. The answer? Concentrated special interests win over diffused public benefit. As Friedman wryly notes, tariffs do "protect" consumers quite effectively—from low prices! Watch this classic Friedman moment that remains just as relevant today as when he first said it. | Free To Choose Network | Facebook
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17K views · 475 reactions | Milton Friedman perfectly explains why protectionist trade policies persist despite economists almost universally opposing them. The answer?
Free To Choose Network. . Milton Friedman perfectly explains why protectionist trade policies persist despite economists almost universally opposing them. The answer? Concentrated special interests win over diffused public benefit. As Friedman wryly notes, tariffs do "protect" consumers quite effectively—from low prices! Watch this classic ...
8.4K views2 weeks ago
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