Video: Milton Friedman on Inequality and Minimum Wage

One aspect where the late illustrious economist Milton Friedman impresses me much has been with his lucid and eloquent defense of many aspects of the free markets in public. 

The video video on inequality and minimum wage is a good example. (hat tip Cafe Hayek)

But the Austrian economic school has had many issues with Mr. Friedman (income tax, monetarism, school vouchers, anti-trust laws, flexible exchange rates, opposition to gold standard and etc...) see F.A. Hayek here, Murray Rothbard here, Walter Block here debating Friedman, Roger Garrison here, and David Stockman who accuses Mr. Friedman of opening the door to monetary central planning. 

Although Mr. Friedman in the later phase of his life seem to have changed his mind on his monetarism to eventually call for the abolition of the US Federal Reserve here and here in public.