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How to create wealth and peace

In this short video, Milton Friedman explains how people — even those who might hate each other — cooperate peacefully through free markets, coordinated by the price system, to make the economy work.

In conclusion, he says: “That is why the operation of the free market is so essential not only to promote productive efficiency, but even more to foster harmony and peace among the peoples of the world.”

By Bob Weeks

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