663K views · 16K reactions | Milton Friedman explains how welfare systems eventually reach a point where “100% of people are paying taxes to provide benefits to 100% of people.” As Bastiat noted, it becomes “that fiction whereby everybody believes he can live at the expense of everybody else.” | Free To Choose Network | Facebook

321K views · 5.6K reactions | Watch as Milton Friedman warns about the dangers of experts venturing outside their lanes. When economists propose "second-best solutions" based on what they think is politically feasible (rather than what's economically sound), they often get it wrong on both counts. Friedman makes the case for intellectual humility and principled consistency. What do you think—should experts focus solely on their areas of expertise? | Free To Choose Network | Facebook