Milton Friedman

1994 - Milton Friedman on Hayek's "Road to Serfdom" 1994 Interview 1 of 2
- He says ~halfway through that he was born into a poor family, received a scholarship from the government to attend Rutgers, and that none of his other siblings attended college. He doesn't clarify his
1994 - Milton Friedman on Hayek's "Road to Serfdom" 1994 Interview 2 of 2
- At the beginning he gives his 'pencil story', which uses a pencil as an example of the incredible amount of cooperation and intelligence which is possible when using markets and prices to determine what people should be working on in a distributed way.
- 27:35 - He summarizes Keynes' major ideas