PAY IT BACKWARDS: The Federal Budget Surplus with Milton Friedman

HooverInstitution
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Published on Apr 21, 2012

(Filmed on December 13, 2000.) Milton Friedman discusses what should be done with the federal budget surplus? Does it make sense to spend the surplus on new government programs? What benefits the economy more, cutting taxes or paying down the national debt? Nobel Prize-winning economist Milton Friedman offers his advice.

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