THE ECONOMY’S NEW CLOTHES: Milton Friedman on the New Econom

This interview was filmed on March 10, 2000. Internet technologies are transforming the way we communicate and do business. But, are we, as some claim, in the midst of the “long boom,” a new era of unparalleled prosperity driven by unprecedented technological change or are we merely enjoying a bull market that has yet to begin its inevitable correction? What does the current economic boom have in common with the “Roaring Twenties” and how can we avoid an economic contraction as severe as the Great Depression?

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