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EoE: 5.4.C - Friedman on Automobile Bailouts

Milton Friedman explains the necessity in a free market system of allowing unsuccessful businesses to go bankrupt without the government bailing them out. The free market is a system of profit AND loss where the consumer decides who wins, NOT the federal government. This video is included as part of a 40-lesson course on the Economics of Entrepreneurship available now for teachers and students at no charge at FEE.org/Courses.

from Milton Friedman - GM Auto Bailout (2016)
Creator: PenguinProseMedia
Posted by Foundation for Economic Education
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