Yikes, foreign competitors! So many people in the developing world are now, you know, developed. Their resumes look just as good as ours!

Lou Dobbs and others see a threat; Milton Friedman always had a different take.

Go here to see snippets from a 2005 interview of Friedman conducted by Dallas Fed Head Honcho Richard Fisher. Part 2, "Trading Freely," is here.

RELATED: Reason's Brian Doherty talks Friedman