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Ep. 510: Milton Friedman Returns with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Government Intervention

Nobel Prize winner Milton Friedman says there's too much government intervention in the economy. If we just take Adam Smith's notion of the 19th century and let things, let the laws of supply and demand work without all these bureaucratic rules and regulations that we would have, you think we can eliminate the gas shortage? The reason we have the gas shortage is because it's made in Washington. There's no need for the gas shortage. There's a problem in oil. Oil is expensive. We pay more. But we have multiplied the injury to ourselves by our bad government policies.

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