Is America still the land of opportunity, or is it a land worn thin, showing much bureaucracy and less freedom? Dr. Friedman’s view of America’s present situation is not sanguine. He identifies the chief problem and its corollary solution: We must restore the prestige and influence of the single mechanism most responsible for America’s greatness—the free market. Our greatest defense against becoming overgoverned is the free market. Delivered at the University of Chicago, Chicago, Illinois. Recorded at University of Chicago ©1978 / 1:11:56.

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