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Milton Friedman Speaks: The Economics of Medical Care (B1234) - Full Video

Free To Choose Network · lecture · Watch on YouTube

Microeconomics & behavioral economicsMedicine & infectious disease

What it is

Milton Friedman lectures to physicians on the economics of medical care, arguing that government involvement raises costs and leads toward socialized medicine. He also discusses licensing and protecting patients from quacks.

Why Hacker News recommends it

HN commenters recommend it for Friedman's argument that regulation and lobbying produce a less efficient, centrally planned healthcare system.

  • 2 people recommended it
  • 2 different months
  • 0 strong recommendations
  • first 2019, last 2022

What HN commenters said

  1. “I also like this 45 minute lecture Milton Friedman gave to physicians”

    Friedman lecture to physicians on lobbying worsening healthcare

    chimi, 2019-09 · Recommendation · in “‘Out here, it’s just me’: one doctor for 11,000 square miles”

  2. “He explains how regulation eventually results in a centrally planned setup that is less efficient than what used to happen.”

    How regulation leads to centrally planned healthcare

    snagglegaggle, 2019-10 · Recommendation · in “When Medical Debt Collectors Decide Who Gets Arrested”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: milton friedman, healthcare, regulation, medical licensing, free market

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