By Jennifer Wagner

Four decades ago, Nobel laureate Milton Friedman sat down with talk show host Phil Donahue to discuss his bestselling book, Free to Choose. You can watch the interviews here and here.

If you don’t have time for the clips, here’s a quick summary: Friedman and Donahue clashed. A lot. Suffice it to say that Friedman, a Libertarian, had a very different take on capitalism and free markets than the left-leaning Donahue, who seemed to support more government oversight and regulation as he sparred with Friedman about what he’d written.

In perhaps their most famous exchange, Donahue pressed Friedman on the subject of greed and whether it’s a good idea. …



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