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Milton Friedman and the Miracle of Chile

submitted by blankfist

1 decade 3 years 5 months 2 weeks ago

In this excerpt from Free To Choose Network's "The Power of Choice (2006)", we set the record straight on Milton Friedman's dealings with Chile -- including training the Chicago Boys and his meeting with Augusto Pinochet. Was the tremendous prosperity unleashed after the Chicago Boys reforms worth the free-market therapy Friedman suggested? You be the judge. But when doing so, just remember the policies leading up to liberalization (land seizures, industry nationalizations and price controls).

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