If you aren't aware of who Milton Freidman was, I strongly encourage you research this astoundingly intelligent man's life's work.
He was a Nobel Prize winning economist, an unapologetic believer in Capitalism, was an economic Advisor to President Reagan, and a true Patriot.
This video is 10 minutes long, the first of 5 (1 hour ) of a Phil Donahue episode in 1979, and he absolutely schools Donahue.
Pay special attention to his remarks (at 1:40) regarding the Federal Reserve and how it caused the Great Depression--it's a mirror image of how they're causing the Depression we face today.
HERE's the link to the video-I highly reccomend parts 2-5 as well