Free To Choose (1980) How To Cure Inflation
Inflation results when the amount of money printed or coined increases faster than the creation of new goods and services. Money is a "token" of the wealth of a nation. If more tokens are created than new wealth, it takes more tokens to buy the same goods. Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Friedman visits Japan, the United States, and Britain.
A ground-breaking PBS television series hosted by economist Milton Friedman. These programs, filmed on location around the world, aim to help people understand the close relationship between the ideas of human freedom and economic freedom. The interaction between those ideas has created in the United States the richest and freest society the world has ever known. Friedman sees this success threatened by the tendency in the last few decades to assume that government intervention is the answer to all problems. In this series he focuses on basic principles. How do markets work? Why has socialism failed? And can government help economic development?
Primary Title
- Free To Choose
Episode Title
- How To Cure Inflation
Date Broadcast
- Saturday 4 October 1986
Release Year
- 1980
Start Time
- 11 : 30
Finish Time
- 12 : 00
Duration
- 30:00
Episode
- 9
Channel
- TV2
Broadcaster
- Television New Zealand
Owning Organisation
- Broadcasting Corporation of New Zealand
Programme Description
- A ground-breaking PBS television series hosted by economist Milton Friedman. These programs, filmed on location around the world, aim to help people understand the close relationship between the ideas of human freedom and economic freedom. The interaction between those ideas has created in the United States the richest and freest society the world has ever known. Friedman sees this success threatened by the tendency in the last few decades to assume that government intervention is the answer to all problems. In this series he focuses on basic principles. How do markets work? Why has socialism failed? And can government help economic development?
Episode Description
- Inflation results when the amount of money printed or coined increases faster than the creation of new goods and services. Money is a "token" of the wealth of a nation. If more tokens are created than new wealth, it takes more tokens to buy the same goods. Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Friedman visits Japan, the United States, and Britain.
Classification
- G
Owning Collection
- Chapman Archive
Broadcast Platform
- Television
Languages
- English
Captions
Live Broadcast
- No
Rights Statement
- Made for the University of Auckland's educational use as permitted by the Screenrights Licensing Agreement.
Subjects
- Economic policy
- Capitalism
- Free enterprise
- History, Modern--1945-1989
- History, Modern--1989-
Genres
- Documentary
Hosts
- Milton Friedman (Host)
Contributors
- David Filkin (Director)
- Michael Latham (Producer)
- Public Broadcasting Service (Production Unit)
Subjects
- Economic policy
- Capitalism
- Free enterprise
- History, Modern--1945-1989
- History, Modern--1989-