Dr. Edward Lopez, professor of economics and BB&T distinguished professor of capitalism at Western Carolina University, offers the context for the late Milton Friedman’s famous comment about the need for a crisis to enact real public policy reform. Lopez offered these comments during a July 31, 2015, Friedman Legacy of Freedom Lecture for the John Locke Foundation and the Friedman Foundation for Educational Choice. To watch full-length presentations of JLF events, click here.