Greed (or self-interest) is a natural and important human trait in achieving our goals
and an essential aspect of the free market. Milton Friedman explains in this great video clip
why greed is important in improving the overall wellfare for society.
Have a look:
Posts mit dem Label Milton Friedman werden angezeigt. Alle Posts anzeigen
Posts mit dem Label Milton Friedman werden angezeigt. Alle Posts anzeigen
Sonntag, 26. Februar 2012
Montag, 13. Februar 2012
How to fix the US health care system - Milton Friedman
Recently, I stumbled upon a video by Milton Friedman who brilliantly explained what the role of government concerning health care ought to be and how the current health care system in the US can be fixed.
As of today, the United States has the most expensive health care system in the world! Through the actions of politicians who try to capture as many votes as possible by catering to special interests, the costs of the society as a whole are dramatically increased from the level at which they would be if the market was allowed to function freely.
As of today, the United States has the most expensive health care system in the world! Through the actions of politicians who try to capture as many votes as possible by catering to special interests, the costs of the society as a whole are dramatically increased from the level at which they would be if the market was allowed to function freely.
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