Why Gas Prices Are High (Milton Friedman) | from Not An Economist channel

Thank you Twister for the narration!

0:00 - Example of Oil and Bottled Water
00:51 - Economics of Exhaustible Resources
3:16 - Price System Economics and Energy Crisis
4:12 - Three Forces That Drive the Price of Energy (Oil) Up
4:28 - How Cartel Should Be Run?
6:44 - Bad Governmental Energy Policies
8:22 - Philosophical Attitudes of People (Morality of Energy Industry)
9:08 - Why Do We Continue To Do This?
11:11 - Conclusion and Milton Friedman Quote

Milton Friedman Playlist:
https://youtube.com/playlist?list=PLbVVaabAopv98lM-B9BcokQ_HsI_5W4nK

Ayn Rand Playlist:
https://youtube.com/playlist?list=PLbVVaabAopv-wXA5TLbltJfj2tCbcJQPn

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