Watch it here. Friedman advocates laissez faire economic policies, often criticizing interventionist government policies and their cost in personal freedoms and economic efficiency in the United States and abroad. Areas of focus include government taxation on gas and tobacco, government regulation of the public school systems, and the Federal Reserves role in exacerbating the Great Depression by reducing the money supply in the years leading up to it. On the subject of welfare, the Friedmans argue that current welfare practices are creating wards of the state, as opposed to self-reliant individuals, and suggest a negative income tax as a less harmful alternative. Other ideas covered are: decriminalization of drugs, tighter control of Fed money supply, and the repeal of laws favoring labor unions.