Milton Friedman, 1976 Nobel Laureate in Economics and author of “Free To Choose,” urges alertness to the difference between false and real problems. The problem is not budget deficits, trade deficits, or the federal debt. The problem is government spending relative to income, protectionist policies, and unfunded debt resulting from entitlements. Dr. Friedman simplifies and explains these and other policy issues. ©1987/58 min.

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