This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel.

Not filtered, raw, honest.

That's my passion.

I love going back through YouTube and finding these old speeches, these old clips, and bringing them into my podcast.

Some of the content that you can find that even goes back 50 years, I just listen and I go, man, there were so many people ahead of us that saw it all.

They know human nature.

They know how it works.

They're not trying to be omniscient.

They're not trying to be super cocky that they know it all.

But damn it, they've done so much work.

They've put so much time in to figure out the best way to look at issues, events, problems,

coming up with solutions. they are critical thinking masters.

Today I want to play a speech from Milton Friedman, circa I think sometime in the 1970s, maybe even the late 1960s.

Milton Friedman, the Nobel Prize winning economist from the University of Chicago,

someone that many people across the political spectrum love.

And there are plenty of people that hate him.

Whether you love or whether you hate, go with me as an investigation to see how a very

smart man thinks.

That's all I'm after.

I want to see, I want to understand how do smart people, how do very intelligent people

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