Milton Friedman talks about Adam Smith's well-known phrase "invisible hand," which was introduced in his famous book "The Wealth of Nations." In it, explains Friedman, Adam Smith explained how individuals doing productive work by pursuing only their own interests, are also ending up promoting interests of the society, as if they were lead by the "invisible hand."
Gdje običan čovjek ima najveće mogućnosti za uspeh? Tamo gdje je slobodan da donosi sopstvene odluke i gdje može najefikasnije da koristi svoje resurse. Pogledajte primjer u ovom klipu iz dokumantarne serije "Sloboda izbora 1990, Epizoda 5 – Stvoreni jednaki.” Izvor: Free To Choose YouTube kanal.
“It is that it’s the system that’s wrong, and that we’ve got to have a system that the right way to accomplish these objectives is to have a system which doesn’t depend on whether you happen to have the right man pushing the buttons at the right time.” Milton Friedman, in an excerpt from Free to Choose documentary series, episode 3: Anatomy of a Crisis.
“Moje mišljenje je da sistem nije dobar, i trebamo da imamo sistem u kojem pravi način za postizanje ciljeva ne zavisi od toga da li imamo pravog čovjeka za komandnom pločom koji će pritiskati dugmadi u pravo vrijeme.” - Milton Friedman.
It is immoral to say that people with low skills are not allowed to work. Milton Friedman discusses the effects of minimum wage, dispelling the myth that it is a good thing.
Nemoralno je reći da ljudima sa niskim kvalifikacijama nije dozvoljeno da rade. Milton Friedman govori o efektima minimalne plaće, razbijajući mit da je to dobra stvar.
Professor Friedman's recipe for better schools. “What do we really need in schools? We need competition. What we have is a monopoly. And like every monopoly, it is producing a low quality product at a very high cost. The way to improve that is to have competition. To make it possible for parents to have the choice of the schools their children attend.”
English
Maternji
