The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.

Ludwig von Mises

The Power Of The Market

Free To Choose Part 1

America’s freedom and prosperity derive from the combination of the idea of human liberty in America’s Declaration of Independence with the idea of economic freedom in Adam Smith’s Wealth of Nations. Milton Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system. Milton Friedman visits Hong Kong, U.S. and Scotland.

Author: Milton Friedman
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