Milton Friedman on Steel Tariffs and Trade in 1978
Milton Friedman gives a concise and lucid argument for free trade at Utah State University in 1978.
At this link, you can watch Nucor (America's largest steel producer) CEO Dan Dimico's (salary of $3 million per year) argue on "60 Minutes" for trade protectionism for the U.S. steel industry. It gets interesting starting about 8:30 when Dimico responds to being called a protectionist by Leslie Stahl.
HT: Matt Bixler
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