Showing posts with label Milton Friedman. Show all posts
Showing posts with label Milton Friedman. Show all posts

Monday, August 6, 2012

Milton Friedman - Redistribution of Wealth!

Milton Friedman clears up misconceptions about wealth redistribution, in general, and inheritance tax, in particular.
Using McDonalds as an example, Milton Friedman explains how the minumum wage actually kills jobs for young people entering the job market and decreases their ability to acquire beginning job skills.