I began with Thomas Sowell, then Milton Friedman and his legendary "Freedom To Choose" series (here on YouTube), then Walter E. Wiliams, then everyone else.
Friedman was indeed substantial. Substantial in terrorizing poor countries to their economic and psychological brinks, therefore beating them into submission -- via "Chicago School of Economics". I live in Chicago, I can tell you first hand this entire city is a pie tries dish. A honey comb of socioeconomically experiments. This man is no hero -- DEMOCRACY AND CAPITALISM are frighteningly unbalanced and unsustainable.
@gozimus You know nothing of Friedman if you think he was a fan of democracy and/or this brand of crony capitalism we have here in America in general...why the hell do you think he expended so much effort to change our system? Friedman believed in unanimity opposed to democracy and individual freedom without coercion and violence as opposed to government direction of markets. One can easily pick up a book written either by or about Friedman before making such ridiculous claims.
Corporations have proven that they will cause serious global issues with limited regulation. How can you justify it will improve with less or no regulation? Also just so we are clear I believe in a decentralised democratic socialist economy i.e Libertarian Socialism / Anarcho-Syndicalism. Probably just as likely to happen as much as your free trade economy (wont happen). Ahh abstract arguements...
@XianBlackman The advantage of freedom (and freedom to chose) is that your statement of it won't happen is flawed. I assume that you hope it won't happen?
@heavym3tal free market ideology boils down to utopian thinking: individuals with vast shares of capital will never let their large monetary influence reshape political policy to infringe on free market competition to benefit themselves because they'll be real good and let a competitor cost them money instead of engaging in tactics to stop the competition via force (government corruption, government enforced monopoly etc). My evidence for this is....well i dont have any but trust me it'll work!
It also contributes to serious environmental disasters, such as mass accumilation of waste and water mismanagement; a serious increase in GHG emissions and was the reason catastrophic events such as the gulf spill (they were saving money by not properly maintaining equipment used to mine the oil). How is it socialist at all? the people do not own the means of production collectively it is owned by corporations.
These were two seperate points. You inferred that i rolled two arguements together. Sorry for confusing you. For both these reasons his philosphy on how we treat the economy is failing. It's failing because of the mass accumilation of debt. It's failing because people are forced into situations where they lack the tools, resources, education and proper environment to trade enough product or service to have a suitable standard of living.(cot'd)
@bweazel Ahh yes 50 percent of the population CHOOSES to live below the poverty line. It's purely an independent choice. I can understand people lapping this up in the 80s but I think even Milton himself would seriously reassess his ideas given the recent environmental disasters and on going emissions problem we are facing in modern times. The free market system WILL destroy everything eventually. Running a linear system on a planet with a limited amount of resources will eventually end.
@XianBlackman You explain it then, no one is holding a gun to their head, so please, explain to me how you or I directly force poor people to remain poor. What does any of this have to do with global warming? I'll ignore that until you can explain how it relates to your argument.
This is not a free market system, this is a centralized, socialist, welfare state. So please, stop blaming all the things you have against a socialist economy, on a free market system that has never existed.
@bweazel .lol are you out of your mind?socialist,welfare state?lol no that was india from 1945 to 1991,even the most left wing state in western europe,in terms of economics,do not fall into that category you absolute moron.The democrats are right wing of most right wing parties across the developed world.Also did you miss the 80s with the neoliberal policies of reagen???
@laudrup90 lol, ok, bro. You guys are definitely a welfare state. Really though, just because you guys are way further to the left than us, does not mean that we cannot be a welfare state too. Any country that redistributes wealth like most Western countries do today, is a welfare state. And yes, socialist. If you don't notice the move towards collectivism, pull your head out of your ass.
Friedman has done more damage to this country than anyone in the past century. He was a stupid evil dwarf. Like Smeagle with a publicist.
Charlie Rose doesn't even know what a Libertarian is - 'cause Friedman wasn't one and Adam Smith is rolling in his grave - trying to get his hands around Frieman's neck.
The Nobel Prize was bought by U.S. Republicans - no respectable economist would give him the time of day. He was NOT an economist, he was a political shill for the U.S. Republicans.
@javaman1891 how could you say friedman was evil? he preached freedom for everybody and like a true libertarian, which he was, he believed people had the right to do as they please without being forced to do something by the government. how is that so wrong to choose on your own? if you can't do that, then it's a sad reflection on your upbringing.
@btowndawgz2 That's not what a libertarian is - and it's a sad reflection on your education that you don't know this. Not a reflection on you, but on your educators - Fried Man being a case in point.
@javaman1891 what's a libertarian then...? I always was taught and have heard that libertarians are all about individual liberties and the government doing nothing but defense and protecting property from being stolen, etc. if i'm wrong, which it sounds from you like i am, please tell me how it's wrong cuz i rly do want to know
@javaman1891 I think you need a history lesson. I suggest you look up the wage price theory and stagflation. Paul volker busted stagflation, but it was friedman who actually proved the concept of why the philips curve was wrong and why stagflation happens--something the keyensian economists said cud never happen.
Friedman has been called, even by his opponents, as one of the most influential economists of all time
Freedom? What freedom? Oh, you mean freedom to chose between Pepsi or Coke, Burger King or Mickey D´s, Monday night football or Monday night Movie, Democrat or Repulican President.
Hmmm... that´s not the kind of freedom I´m talking about.
@gabrielmart Yeap, eating crap is for sure one of our freedoms too (I´ll pass though). But wait, many times it´s not only a freedom to eat lots of crap, but an obligation. For most of you, a daily obligation indeed. Of course just cuz I don´t like the taste of crap doesn´t mean others may not find it tasty, as I´m sure you do. Don´t you worry, your future share of crap is guaranteed.
@gabrielmart .yh and then you create the joke that is america. The fattest nation on the planet with absolute no sense of responsibility,living each day in ignorant bliss adding to the terrible cost of the american heathcare system.
@laudrup90 The only thing that's more obese than Americans is not only your ego which is excess bullshit, but the fact the "the fat American" is a myth peddled by you snobbishly ignorant and self righteous nations of Europe as a way to somehow claim that our "excess weight" underlines a lack of culture and discipline in this country.
@laudrup90 What is unfortunate about this myth is that a typical prime example of this supposed European fit factor in fact represents the fat factor. The fit and fiddle German state, far from being blonde haired and beefy, is in fact a nation of beefcakes (emphasis on the cake, which wurst might as well be to them).
@laudrup90 I guess you would be having more children over there in barren Berlin (or any other low fertility rate EU country, oh wait that's all of them, good luck with the demographic consequences of that) if 75% of German men weren't overweight. Nobody likes a fatty. Respond, I dare, it will only get wurst for you and YOUR IGNORANT BLISS.
@laudrup90 Oh yea and when you said fattest you should be referring to the "excess weight" of our economic boot crushing you and your multi-decade long anemic growth rates. Your "lean" populace means nothing in the face of your thin economies and declining demographics (Captain America still touching replacement rate, you captain surrender, are not).
@laudrup90 and by thin, I mean unproductive, and by unproductive I mean lazy (with the exception of Germany) and by lazy I mean that if you are not by chance indolent, it won't matter...because you won’t have a job. Nevertheless, I guess you will… still… have a nanny, a caretaker to look after you, the STATE. Now go away.
Seriously, I believe you should stop defending America and start defending capitalism, because America is pretty crappy atm. Defending something that doesn't work or even calling it perfect, won't help it improve. Those are just my 2¢.
@seppsters The only fatty is around here is you and your countries ballooning debt (Portugal) , too many junk (food) bonds for breakfast huh? Yea, well keep eating them. You'll be junk status for a very long time, since its hard for a junkie like you and your country to get off the debt crack (and since they legalized drugs over there you probably are on crack, jk). Say what you will about the U.S.A and our fiscal woes, I'll take my AA+ any day biatch.
@Sivels Yes, you can buy your slavery and pay your masters in different coins (your own life in some cases). And no, there´s no freedom from institutionalized violence,but an obligation to it, the way I see it.
I think that cafeteria free lunch is a myth. But I think MOST public education should be free since it is like crap. But then again that only give them an excuse to raise tax as well as abuse the system.
Milton Friedman single-handedly opened clearly my eyes to the virtue of freedom and put all my thoughts into words, arguments, philosophy and science more eloquently and correct than I will ever be able to.
All this without my even having met him once. That's the power and persuasivness of Milton Friedman..
@MikaelUmaN HERE HERE! My awakening started with Ron Paul leading me to Friedman, Rand then Sowel. I'd have to say Milton had the best way of conveying principles and ideas. :)
And yet Milton Friedman defended the institution of slavery as well as British colonialism internationally, which used a de facto slavery called "corvee labor"....go look it up, the video's on Youtube.
I'll buy what I like with my money, thank you very much. If you think security comes by giving yours up, by all means do so. But I'll keep mine.
In my opinion, security doesn't come from giving up your personal possessions, despite the endless promises of those that request that you give them up. Of COURSE they'll take care of you. Right? But the only way that they can do it is if ALL of us give up our stuff. Right?
Ironic isn't it. at @17:40 Milton Friedman warns us about Socialism. He says Socialism is defined today as "Government ownership and operation of the means of production". Now we have GM (Government Motors) being 20% or more owned by our Gov! And yet all of these Bums in our Government -many who professed to be followers of the Friedman model- allowed it. I can only weep for my USA. Only God can save her.
@robertquentincobb ironic that you look for a theocratic solution, which, in and of itswelf, is inherently anti-American. Oh, wonderful irony! Irony and ignorance :)
@TheSquibbs I'm sorry, that seems incredibly ignorant. There is always a degree of scarcity (high or low or negligible, it is still scarcity). The monetary system does NOT create artificial scarcity, rather it is governmental interference. No sane free market (or government) would ever pay someone to not produce. The "monetary system" has NOTHING to do with it. True freedom is not having everything you want. True freedom is being free do what you want with what you have.
@TheSquibbs With all due respect, money is a form of barter. Without "money", people barter with goods. What's the difference? A layer of abstraction? Take away the concept of barter and you take away the concept of ownership (you might need to follow the logic there). Take away ownership and you've essentially taken away freedom (again, follow the logic). Politics and economics are a factor of any and every civilized society and the idea that they can simply be "done away with" is naive.
@toaddreyfuss Barter & subsequently money emerged within societies that experienced true scarcity of resources, & they were important during those times. However, we are now in a technological age where there is no scarcity of resources. Hence, the monetary system now artificially creates scarcity (we pay farmers not to grow crops to keep the price of food up etc.. etc..). In a monetary system there is no true freedom, a person is only as free as their purchasing power.
Took a while to get to the history boys talk, and it wasn't worth it unfortunately. Theophile nonsense wrapped around what should be the most salient point of debate about what education should be in todays world, a central theme sullied by said whimsical nonsense. Still appreciate Charlie immensely though and Richie Griff.
He never got a Nobel Prize in Economics because there never has been a Nobel prize in economics, There is a prize from the swedish state central bank in the memory of Alfred Nobel, A thing that Nobel himself never wanted, Fools celebrating themself,
Notice capitalism thrived in areas where it was undisturbed. Examples are North america which has the pacific and atlantic oceans protecting it. Britian has the english channel. Japan and Australia have bodies of water surrounding them as well.
Other nations who are now benefiting now (like China) is only because they increased trade with the West
Our world is hostage to the insatiable rampaging of the ruling class private gain and greed, dominating,dehumanising,devaluing everyone and everything in the midst. We can and must change the wage slavery of immense humanity in a market system of artificial scarcity . We can share the world for our common needs and well being in harmony within and without.
@jerrydoubleu but it wouldn't be corporations running the government dumbass, it would be corporations not having to jack up prices to a huge extent in order to meet requirements like profit tax, business tax and minimum wage. don't even TRY to patronise me. i'm certain that i'm better educated than you and better read than you if you're still stuck in this whole "CORPORATIONS, MAN! CORPORATIONS WANNA TAKE OVER THE WORLD, MAN!" mindset.
greenspan's failure to address OTC derivatives and other such reckless monetary practices by endorsing a "far too free" system is the reason for the mess our global economy is in
@anthonygador Democrat Bill Clinton repealed/dismantled the Glass-Steegal Act which effectively de-regulated Wall Street. This Act originated in 1933 and prevented the linkage between commercial banks and most hard assets.
Contracts....think about that for a second. Contracts are EVERYTHING!!!! I'd love to have the government to enforce and protect every single contract, but it's a radical call to expand government. Friedman's biggest strength was his understanding of group behavio, his greatest weakness was understanding individual behavior, and, when it wasn't group, aggregate individual behavior. His understanding of politics was seriously flawed and so he was constantly proposing utopias which couldn't exist.
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communism and capitalism are just flip sides of the same jewish-owned coin which Hitler fully understood. Hitler liked "industrial capitalism" but opposed "interest capitalism" so that threatened the jews who had funded the British, USSR and USA empires. So all of the jews conspired to instigate WW2.
"Now Germany is against the power of evil incarnated in the Anglo-Saxon/Soviet coalition managed by the Jews." - Luis Blanco telegram to Francisco Franco right after USA teamed with the USSR
not sure why the adulation. Adam Smith's ideas are well known & Mill's are too & paced together you have Friedman. His love of the market & freedom has the flavour of of the Elis Island Shetl immigrant(& his history of ideas: Nixon, Regan etc) is local & self-serving. But he believed in himself -Greenspan- & that is what counts.
not really milton criticised the regan and co governments for not doing enough freeing up the market its just that their policies were better than others.
And I'm glad he lived. I'm always praying that free people will hear his comments and think for themselves.
Capitalism is freedom. And people like "Guevaristas" are welcome to give up their freedom if they believe so much in something other than capitalism. Just don't drag the rest of us with you.
But that defeats the very tenets of socialism; you have to FORCE everyone to do it because you are convinced you have moral superiority.
@toaddreyfuss Socialism is obviously just as corruptable as democracy, & any other political system functioning within the out-dated monetary system that creates artificial scarcity, where in truth we have no such scarcity in our current technological age. Friedman was well informed within the monetary paradigm, but I'm sure humans are capable of living without politics & economics now, & money has to go (it inhibits true progress now).
@toaddreyfuss If the price for world wide peace, equity and no more poverty is giving up your beloved "freedoms" such as buying hummers, big macs, nike or big boats and shit, then so be it!
It is completely wrong to assert that Milton Friedman was pro Fed. Debt money systems such as the Fed are inherently inflationary, which is completely at odds with the monetarist creed. If you would like some reading material on the subject, I would be happy to provide some sources.
I wouldn't say he was pro Fed, but he did lend legitimacy to it by working with the Reagan administration, and never admitting toward the end of his life that he had utterly failed in his objective to create freedom and reduce government
Hi Sam. Yes, there were oftentimes worrying discrepencies between what Friedman "stood for" and what he said and did. Though I think he framed many of the timeless liberal ideas well, I increasingly suspect he was guilty of generally missing the point when it came to their proper application. There is a fascinating article by Soros in the FT of London dated 30 Oct you may be interested in, which highlights many of the shortfalls of the fundamentalist approach. Best regards
@Sam26100 I liked a lot of what Milton said, but he's acting like all the inflation directly caused by Greenspan wasn't bad. I cannot believe he thinks Greenspan did a good job.
Unions work when times are good for a company. A foreign company goes into the same business with cheaper labor. They have a comparable advantage. You ask the union to cut wages, they say no, and you go out of business because you can't compete. Now corporations open operations overseas and labor is unhappy. Its time for government to reconsider taxation. If the US had zero taxation, we would have a comparable advantage as a nation, and we would attract capital and and industry.
You discover you can't lower taxes because of the moral hazards you created. Capital is used to finance your deficit spending. You monetize money. Everything Milton thought wouldn't happen is happening.
I'm no Objectivist, and I've got a few quarrels with Ayn Rand's theorietical ideas, but she was an expert on Bolshevik Russia - she actually was a native Russian Jew from St. Petersburg, saw the Bolshevik state grow in the 1920s first-hand, and held a degree in Marxism-Leninism from a Russian university.
And don't try to make some stupid comment about hos teh Bolsheviks were "state capitalists" and not socialist. I will simply mock you.
You mean, I'm an "idiot" because I let empirical evidence weigh my opinion of socialist theory.
I do not justify kleptocratic machinations by large corporate enterprises (and I'd suggest Enron as a better example of this). But corporate criminals do not in any way justify the mass thievery, genocides and slave states of the socialists. Indeed, by the standards of the Bolsheviks, stealing from and "liquidating" the "middle class" was not only entirely legitimate, but a moral imperative.
Enron cooked the books for $5 mil. and freddy mack and fanie may cooked them for Billions................and no one went to jail, matter of fact Franklyn Rains Obama's head economic advisor made 96.2 million from Fredie mack while cooking the books.........WOW hows that.
someone fell asleep in high school. MIlton Friedman was a radical for freedom and thus individual rights. Now whatever babble you have learned from your government schools mixed with bong hits afterwards, if you endorse the initiation of physical force to impose your views, to confiscate the possessions of others or the behavior modification of others who are not initiating force upon you, then you differ, in principle, little from National Socialists otherwise known as Nazis.
@Socratesrockes2009 I hope people listen to you, He had excellent views but is not an innocent as people make him out to be. People to research the Chicago school of Economics and look where his students ended up.
@Socratesrockes2009 what views did I learn from my govt school? what kind physical force are you talking about? what possessions are being confiscated?
I love Socrates myself (ever read Montaigne? He might even be better!), but he would not care for your generalized, hyperbolic rhetoric. Get some specifics and make an argument sir :)
@Califacience yes. My two favorite people from history. Socrates was Montaigne's favorite person, but I don't have direct access to any of his writings. Montaigne, on the other hand, left us the greatest book ever written- his complete essays.
you neoclassical/keynesianist morons can go pick up a psychology book and then try to rationalize away your awful, unscientific apologism. or, hell, you love competition so much, compete to tell me why you can't understand darwin in the slightest? or why adam smith said:
"Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all." Marxist.
By extrapolation then, socialism is a system of beliefs ultimately meant to justify the robbery of the rich, that is, the transfer of wealth from those who earn and make it into the hands of those that kill for and steal it.
And I don't "apologize" for competition. I stand for freedom, and proudly so. Now why not pick up a history book and try to justify the monstrous record of socialism, especially in the 20th century - a record that encompasses Nazism, Bolshevism and the Khmer Rouge?
youre obviously an idiot that has not been defined socialism beyond the Ayn Rand Heritage Dictionary
if you think "the robbery of the rich, that is, the transfer of wealth from those who earn and make it into the hands of those that kill for and steal it" is any way tethered to the reality of Goldman Sachs and the like stealing from the middle class and the poor, you don't simply need to take a psychology entry level course, but perhaps consider cracking open DSM-IV and looking up "sociopath"
Your obviously an idiot that can't put together an argument, which isn't suprising with such piss poor position to be taking. It's no wonder you just resorted to random insults.
Property rights mean nothing if a thug can come along and kill you and take it without consequences.
I have a right to what I earn, you have a right to what you earn.
Force, fraud and theft are not ways of earning property.
Adam Smith is right because those with property ("the rich") need protection from those who would steal rather than earn their own property. Not Marxist.
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just Powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People..."
Too bad your version didn't make it into the final cut, eh?
Or do you think that the Declaration of Independence legally binds you to overthrow an unconstitutional government?
Perhaps you need to take a survey of the History of Economic Thought. Adam Smith did not advocate government protection of oligarchs and plutocrats, the mere thought of this is hilarious
People should watch this show, rather than anything by peter schiff or by the austrian school. Rothbard himself proclaimed Milton as a closet statist. One further reason as classical economist, one should despise the austrian school as much as the keynesian school.
Despite monetarism being overwhelmingly disapproved from the late 1980s onwards, Milton Friedman is the most important economist of the 20th century. Obama and Keynesians should really read his consumption theory, in my opinion his greatest piece of work.
they talk about milton friendman was a great economist? i dont think so; he stated the federal reserve was created to prevent a run on banks, but the federal reserve was created for the benift of private individuals such as rockerfellers rothchilds and morgans to have there private central bank; yes thes individuals own the fedraral reserve,. not the federal govermnet.
Where are the union jobs? My local has over 10,000 members and we are calling on locals all over north america to fill our jobs, we have resorted to accepting temporary foreign workers to complete the projects we are working on currently. its because of free trade and capitalism that manufacturing jobs are dissapearing! Its cheaper to build things in 3rd world countries and pay no duty than pay decent wages! But that takes money out of the pockets of the rich! cant have that now can we!
The reason the JOBS are going overseas is because of overpaid gorillas in Unions have forced the wage that they are paid to be so inflated that it exceeds the cost of expatriating the business operations of the company. Because of UNIONS, it's cheaper to dig up iron here in the US, ship it to CHINA for refinement and processing, and to ship the finished goods back to the US than it is to just do it all here locally. You, sir, are too blind to see this.
Your jobs are given away to others because you were being over-paid. Unions always put their workers out of work because people like you can't seem to grasp you cannot create profits out of thin air. You cannot simply say, "I want $50/hr" and justify it. You're not as productive as your union salary demands that's why you're unemployed. If you were really good at your job you'd be employed.
Our jobs are being given away to others because there Are 100s of BILLIONS of dollars worth of projects happening where I live and not enough people to man them all, If I went non union i could actually make more money, over a $100/hr running a welding rig, So you my friend dont know "shit from apple butter"
Wow what an intelligent reponse! I guess that means I've made a valid point that you have no rebuttal for so you decide to attack me personally even though you have no idea who I am or anything about me. You are making a great point for your point of view, well done!
You're still not worth $100/hr. You're a liar and you're trying to divert the issue..
The fact is unions invariably destroy the business they've unionized. UAW deserve to be unemployed because they're not good enough to demand their wages. Just like the coal miners before them. Just like you.
I did and its shit. As is Naomi's understanding of real economics. She is no different than Paul Krugman, another worthless Economist who fails to understand how a sound economy should work, how the Government has not allowed for "free-market" Capitalism to work as it should, and how to take advantage of a federal reserve system that manipulates phony-bubble based economies.
Where are the union jobs now? Where are all those "welding jobs" going? What's happening to the laughable union jobs is the same thing that's going to happen to the laughable American (socialist) economy (as it has not been capitalist in decades).
The capital holders are going to take their capital and leave the market. The capital holders STUPID enough to remain are going to be taxed into oblivion. And the Marxists slimeballs will finally know TRUE, inescapable poverty..
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yeah i see your point, people trying to make a decent living should give up all our benefits and take wage roll backs in order to line the pockets of the capital holders! everyone should be happy to go work at walmart and make minimum wages and have no pension or benefits, that would be a wonderful world.
I won't try too hard to explain this to you, because you're an overpaid union worker, and your greed blinds you.
If the government stops taking money from the capital holders (via taxes), it will mean they have more money to invest. Literally, it increases Demand. Increases in Demand increases the economic NEED for Suppliers. Suppliers need LABOR. LABOR means JOBS.
You don't want more JOBS, though. Unions actually benefit from restricting labor pools.
If we charged duty on importing foriegn made products and made it more expensive to bring them here than to make them here these jobs wouldn't be disappearing! Its because we remove trade barriers these jobs are leaving! I don't understand how thats hard to see? Please tell me what i'm missing? and i'm not trying to be an ass, I really just don't understand your point of view
Because the foreign nations that we would charge a duty on import would, of COURSE, NOT turn around and tax our exports, no. Of course not. You're foolish and childishly naive view of economics exposes you for the Marxist you are. Yes, union comrade, you are a Marxist.
What fools like you have no grasp of is how your grossly inflated wages CAUSE monetary devaluation. YOU nimrods that are paid $40/hr for $15/hr work are the primary reason that the dollar is now worth less than the Euro.
All union workers are Marxist shills. That's why you don't know shit from apple butter. You've put all of your stock in witch-doctor economics.
What's the role of prices?
It took Soviet economists decades to figure that out. Then once they figured it out they realized they were trying to fight the market. They lost and so did all of Russia. They lost with inefficiency, starvation, and shortages.
you don't know what the market is and you live day-to-day in an irrational shrill fantasy of Randian proportions, without any empricism, without any commendable action.
mere thugs, the neoliberals and neoconservatives. thugs pinning for the Gilded Age and the days of slavery.
Please support HR 1207, The Federal Transparency Act! Our congressmen have the right and responsibility to Audit the federal reserve, like anyone else! It is our USA dollar, our representatives have the right to know! Please contact your local legislator about HR 1207!!! Congress rigorously debates millions of dollars in the senate, yet Bernanke an unelected official puts billions of US dollars at risk, and our own CONGRESSMEN can't even know how the money is spent! We need TRANSPARENCY!!!!
deregulation is not just for business it's for government too. the goal of a just society is to protect ourselves and each other from sociopaths and psychopaths, and unjust practices that occur anywhere, whether that be in government and/or business. human nature will not automatically change if one or the other is given power or has taken power away from it.
Vote for RON PAUL! He supports Friedman's policies!!!
ACDCLedZeppelin93 2 weeks ago
I began with Thomas Sowell, then Milton Friedman and his legendary "Freedom To Choose" series (here on YouTube), then Walter E. Wiliams, then everyone else.
RoboSlater 2 months ago
@eroinson: You should retract that statement, as I don't just like fatties; I love them.
Tarclasp 2 months ago
Friedman was 93 in this video.
seppsters 5 months ago
A great man who did much to advance liberty, freedom and common sense.
edwardschlosser1 6 months ago 11
@edwardschlosser1 yes
OnlyAPawn1970 6 months ago
Friedman was indeed substantial. Substantial in terrorizing poor countries to their economic and psychological brinks, therefore beating them into submission -- via "Chicago School of Economics". I live in Chicago, I can tell you first hand this entire city is a pie tries dish. A honey comb of socioeconomically experiments. This man is no hero -- DEMOCRACY AND CAPITALISM are frighteningly unbalanced and unsustainable.
gozimus 7 months ago
@gozimus You know nothing of Friedman if you think he was a fan of democracy and/or this brand of crony capitalism we have here in America in general...why the hell do you think he expended so much effort to change our system? Friedman believed in unanimity opposed to democracy and individual freedom without coercion and violence as opposed to government direction of markets. One can easily pick up a book written either by or about Friedman before making such ridiculous claims.
IfhBiff 6 months ago
"The best government is the government that governs the least"
Henry David Thoreau, Civil Disobedience Essay
all028 8 months ago
Corporations have proven that they will cause serious global issues with limited regulation. How can you justify it will improve with less or no regulation? Also just so we are clear I believe in a decentralised democratic socialist economy i.e Libertarian Socialism / Anarcho-Syndicalism. Probably just as likely to happen as much as your free trade economy (wont happen). Ahh abstract arguements...
XianBlackman 8 months ago
@XianBlackman The advantage of freedom (and freedom to chose) is that your statement of it won't happen is flawed. I assume that you hope it won't happen?
heavym3tal 8 months ago
@heavym3tal free market ideology boils down to utopian thinking: individuals with vast shares of capital will never let their large monetary influence reshape political policy to infringe on free market competition to benefit themselves because they'll be real good and let a competitor cost them money instead of engaging in tactics to stop the competition via force (government corruption, government enforced monopoly etc). My evidence for this is....well i dont have any but trust me it'll work!
nerfmyaccount 7 months ago
It also contributes to serious environmental disasters, such as mass accumilation of waste and water mismanagement; a serious increase in GHG emissions and was the reason catastrophic events such as the gulf spill (they were saving money by not properly maintaining equipment used to mine the oil). How is it socialist at all? the people do not own the means of production collectively it is owned by corporations.
XianBlackman 8 months ago
These were two seperate points. You inferred that i rolled two arguements together. Sorry for confusing you. For both these reasons his philosphy on how we treat the economy is failing. It's failing because of the mass accumilation of debt. It's failing because people are forced into situations where they lack the tools, resources, education and proper environment to trade enough product or service to have a suitable standard of living.(cot'd)
XianBlackman 8 months ago
Such a brilliant and modest man. It's his modesty I like the most about him.
bweazel 8 months ago
@bweazel Ahh yes 50 percent of the population CHOOSES to live below the poverty line. It's purely an independent choice. I can understand people lapping this up in the 80s but I think even Milton himself would seriously reassess his ideas given the recent environmental disasters and on going emissions problem we are facing in modern times. The free market system WILL destroy everything eventually. Running a linear system on a planet with a limited amount of resources will eventually end.
XianBlackman 8 months ago
@XianBlackman You explain it then, no one is holding a gun to their head, so please, explain to me how you or I directly force poor people to remain poor. What does any of this have to do with global warming? I'll ignore that until you can explain how it relates to your argument.
This is not a free market system, this is a centralized, socialist, welfare state. So please, stop blaming all the things you have against a socialist economy, on a free market system that has never existed.
bweazel 8 months ago
@bweazel .lol are you out of your mind?socialist,welfare state?lol no that was india from 1945 to 1991,even the most left wing state in western europe,in terms of economics,do not fall into that category you absolute moron.The democrats are right wing of most right wing parties across the developed world.Also did you miss the 80s with the neoliberal policies of reagen???
laudrup90 7 months ago
@laudrup90 lol, ok, bro. You guys are definitely a welfare state. Really though, just because you guys are way further to the left than us, does not mean that we cannot be a welfare state too. Any country that redistributes wealth like most Western countries do today, is a welfare state. And yes, socialist. If you don't notice the move towards collectivism, pull your head out of your ass.
bweazel 7 months ago
Free to chose poverty?
XianBlackman 8 months ago
@XianBlackman You sure are.
bweazel 8 months ago
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If you really think about it, milton's ideas are not really radical. If anything, they are simple and use common sense
all028 9 months ago
Friedman has done more damage to this country than anyone in the past century. He was a stupid evil dwarf. Like Smeagle with a publicist.
Charlie Rose doesn't even know what a Libertarian is - 'cause Friedman wasn't one and Adam Smith is rolling in his grave - trying to get his hands around Frieman's neck.
The Nobel Prize was bought by U.S. Republicans - no respectable economist would give him the time of day. He was NOT an economist, he was a political shill for the U.S. Republicans.
javaman1891 9 months ago
@javaman1891 how could you say friedman was evil? he preached freedom for everybody and like a true libertarian, which he was, he believed people had the right to do as they please without being forced to do something by the government. how is that so wrong to choose on your own? if you can't do that, then it's a sad reflection on your upbringing.
btowndawgz2 9 months ago
@btowndawgz2 That's not what a libertarian is - and it's a sad reflection on your education that you don't know this. Not a reflection on you, but on your educators - Fried Man being a case in point.
javaman1891 9 months ago
@javaman1891 a libertarian is someone who promotes individual rights and freedom.
btowndawgz2 9 months ago
@javaman1891
You're comments on here are painfully execrable - stop trying to talk with conservatives, you ain't good at it!
lladnarg 9 months ago
@javaman1891 what's a libertarian then...? I always was taught and have heard that libertarians are all about individual liberties and the government doing nothing but defense and protecting property from being stolen, etc. if i'm wrong, which it sounds from you like i am, please tell me how it's wrong cuz i rly do want to know
btowndawgz2 7 months ago
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@btowndawgz2 Friedman and Charlie Rocks:
wwwf4wpeaceDOTde
F...4 World peace by Cultural-Change, by Anti-Christa-Aisha-klein aka sun
Peace All
Inshallah
namAste
f4wpeace 9 months ago
@javaman1891 I think you need a history lesson. I suggest you look up the wage price theory and stagflation. Paul volker busted stagflation, but it was friedman who actually proved the concept of why the philips curve was wrong and why stagflation happens--something the keyensian economists said cud never happen.
Friedman has been called, even by his opponents, as one of the most influential economists of all time
TheSlothook 9 months ago 2
@javaman1891 He was not an economist? Hahaha, you're an idiot.
bweazel 8 months ago
Freedom? What freedom? Oh, you mean freedom to chose between Pepsi or Coke, Burger King or Mickey D´s, Monday night football or Monday night Movie, Democrat or Repulican President.
Hmmm... that´s not the kind of freedom I´m talking about.
raultejedor 10 months ago
@raultejedor you can eat crap if you want to, dummy
gabrielmart 10 months ago
@gabrielmart Yeap, eating crap is for sure one of our freedoms too (I´ll pass though). But wait, many times it´s not only a freedom to eat lots of crap, but an obligation. For most of you, a daily obligation indeed. Of course just cuz I don´t like the taste of crap doesn´t mean others may not find it tasty, as I´m sure you do. Don´t you worry, your future share of crap is guaranteed.
raultejedor 10 months ago
@gabrielmart .yh and then you create the joke that is america. The fattest nation on the planet with absolute no sense of responsibility,living each day in ignorant bliss adding to the terrible cost of the american heathcare system.
laudrup90 7 months ago
@laudrup90 The only thing that's more obese than Americans is not only your ego which is excess bullshit, but the fact the "the fat American" is a myth peddled by you snobbishly ignorant and self righteous nations of Europe as a way to somehow claim that our "excess weight" underlines a lack of culture and discipline in this country.
eorobinson3 6 months ago
@laudrup90 What is unfortunate about this myth is that a typical prime example of this supposed European fit factor in fact represents the fat factor. The fit and fiddle German state, far from being blonde haired and beefy, is in fact a nation of beefcakes (emphasis on the cake, which wurst might as well be to them).
eorobinson3 6 months ago
@laudrup90 I guess you would be having more children over there in barren Berlin (or any other low fertility rate EU country, oh wait that's all of them, good luck with the demographic consequences of that) if 75% of German men weren't overweight. Nobody likes a fatty. Respond, I dare, it will only get wurst for you and YOUR IGNORANT BLISS.
eorobinson3 6 months ago
@laudrup90 Oh yea and when you said fattest you should be referring to the "excess weight" of our economic boot crushing you and your multi-decade long anemic growth rates. Your "lean" populace means nothing in the face of your thin economies and declining demographics (Captain America still touching replacement rate, you captain surrender, are not).
eorobinson3 6 months ago
@laudrup90 and by thin, I mean unproductive, and by unproductive I mean lazy (with the exception of Germany) and by lazy I mean that if you are not by chance indolent, it won't matter...because you won’t have a job. Nevertheless, I guess you will… still… have a nanny, a caretaker to look after you, the STATE. Now go away.
eorobinson3 6 months ago
@eorobinson3
STFU and get a diet, fatty.
seppsters 5 months ago
@seppsters What a lovely acronym/non-response.
eorobinson3 5 months ago
@eorobinson3
Seriously, I believe you should stop defending America and start defending capitalism, because America is pretty crappy atm. Defending something that doesn't work or even calling it perfect, won't help it improve. Those are just my 2¢.
seppsters 5 months ago
@seppsters The only fatty is around here is you and your countries ballooning debt (Portugal) , too many junk (food) bonds for breakfast huh? Yea, well keep eating them. You'll be junk status for a very long time, since its hard for a junkie like you and your country to get off the debt crack (and since they legalized drugs over there you probably are on crack, jk). Say what you will about the U.S.A and our fiscal woes, I'll take my AA+ any day biatch.
eorobinson3 5 months ago
@eorobinson3
I expected exactly this response from you filthy little ape. Americans are so stereotypical and predictable, it's not even funny.
You don't see me defending my country, do you ?
I repeat: Get a diet, fatty, and STFU.
seppsters 5 months ago
@eorobinson3
nice double entendres.
OnlyTheWeakNeedHelp 5 months ago
@raultejedor freedom to use whatever currency you want, and freedom from institutionalized violence.
Sivels 10 months ago
@Sivels Yes, you can buy your slavery and pay your masters in different coins (your own life in some cases). And no, there´s no freedom from institutionalized violence,but an obligation to it, the way I see it.
raultejedor 10 months ago
I think that cafeteria free lunch is a myth. But I think MOST public education should be free since it is like crap. But then again that only give them an excuse to raise tax as well as abuse the system.
UnitedPebbles 11 months ago
R.I.P Brother
graphikone 11 months ago
Milton Friedman single-handedly opened clearly my eyes to the virtue of freedom and put all my thoughts into words, arguments, philosophy and science more eloquently and correct than I will ever be able to.
All this without my even having met him once. That's the power and persuasivness of Milton Friedman..
MikaelUmaN 1 year ago 24
@MikaelUmaN HERE HERE! My awakening started with Ron Paul leading me to Friedman, Rand then Sowel. I'd have to say Milton had the best way of conveying principles and ideas. :)
seeqr9 2 months ago
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@MikaelUmaN
And yet Milton Friedman defended the institution of slavery as well as British colonialism internationally, which used a de facto slavery called "corvee labor"....go look it up, the video's on Youtube.
Redfingers 2 weeks ago
@brazeau2009
I'll buy what I like with my money, thank you very much. If you think security comes by giving yours up, by all means do so. But I'll keep mine.
In my opinion, security doesn't come from giving up your personal possessions, despite the endless promises of those that request that you give them up. Of COURSE they'll take care of you. Right? But the only way that they can do it is if ALL of us give up our stuff. Right?
But they have a pathetic track record. k thx bye
toaddreyfuss 1 year ago
Ironic isn't it. at @17:40 Milton Friedman warns us about Socialism. He says Socialism is defined today as "Government ownership and operation of the means of production". Now we have GM (Government Motors) being 20% or more owned by our Gov! And yet all of these Bums in our Government -many who professed to be followers of the Friedman model- allowed it. I can only weep for my USA. Only God can save her.
robertquentincobb 1 year ago
@robertquentincobb ironic that you look for a theocratic solution, which, in and of itswelf, is inherently anti-American. Oh, wonderful irony! Irony and ignorance :)
tristramshandy3 1 year ago
@TheSquibbs I'm sorry, that seems incredibly ignorant. There is always a degree of scarcity (high or low or negligible, it is still scarcity). The monetary system does NOT create artificial scarcity, rather it is governmental interference. No sane free market (or government) would ever pay someone to not produce. The "monetary system" has NOTHING to do with it. True freedom is not having everything you want. True freedom is being free do what you want with what you have.
toaddreyfuss 1 year ago
@TheSquibbs With all due respect, money is a form of barter. Without "money", people barter with goods. What's the difference? A layer of abstraction? Take away the concept of barter and you take away the concept of ownership (you might need to follow the logic there). Take away ownership and you've essentially taken away freedom (again, follow the logic). Politics and economics are a factor of any and every civilized society and the idea that they can simply be "done away with" is naive.
toaddreyfuss 1 year ago
@toaddreyfuss Barter & subsequently money emerged within societies that experienced true scarcity of resources, & they were important during those times. However, we are now in a technological age where there is no scarcity of resources. Hence, the monetary system now artificially creates scarcity (we pay farmers not to grow crops to keep the price of food up etc.. etc..). In a monetary system there is no true freedom, a person is only as free as their purchasing power.
TheSquibbs 1 year ago
Took a while to get to the history boys talk, and it wasn't worth it unfortunately. Theophile nonsense wrapped around what should be the most salient point of debate about what education should be in todays world, a central theme sullied by said whimsical nonsense. Still appreciate Charlie immensely though and Richie Griff.
justnotcricket 1 year ago
He never got a Nobel Prize in Economics because there never has been a Nobel prize in economics, There is a prize from the swedish state central bank in the memory of Alfred Nobel, A thing that Nobel himself never wanted, Fools celebrating themself,
aon10003 1 year ago
Rest In Peace this great man.
DaviDeXtA 1 year ago
Since this interview the truth has come out about Clinton's "surplus". Now we know it was just a manipulation of the numbers.
KenMacMillan 1 year ago
We need him today.
KenMacMillan 1 year ago
@KenMacMillan His ideas will live forever. =) It's our responsibiolity as people to help spread those ideas n knowledge.
mmamolina 1 year ago
@KenMacMillan His ideas will live forever. =) It's our responsibility as people to help spread those ideas n knowledge.
mmamolina 1 year ago
Notice capitalism thrived in areas where it was undisturbed. Examples are North america which has the pacific and atlantic oceans protecting it. Britian has the english channel. Japan and Australia have bodies of water surrounding them as well.
Other nations who are now benefiting now (like China) is only because they increased trade with the West
frnksng 1 year ago
@mojoboy1984 , no dip up marx and give him to shit animals
persia1324 1 year ago
@mojoboy1984.
I feel sorry for you. Honestly. A real man would never say such things about other human beings.
Carsten1980 1 year ago
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Dig up the rests of Friedman and give it to animals ! Creature like him don't deserve a grave on this planet !
mojoboy1984 1 year ago
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Our world is hostage to the insatiable rampaging of the ruling class private gain and greed, dominating,dehumanising,devaluing everyone and everything in the midst. We can and must change the wage slavery of immense humanity in a market system of artificial scarcity . We can share the world for our common needs and well being in harmony within and without.
arzoyan 1 year ago
what does he mean ONE OF the greatest economists if the 20th century? wheres the competition?
samm1809 1 year ago
ever notice how the "elite wealthy appreciate each others" and never the poor?
jaimielilly 1 year ago
friedman was a tool.
jerrydoubleu 1 year ago
@jerrydoubleu justify that comment or fuck off.
samm1809 1 year ago
@samm1809 -- his idea was popular because the wealthy used them to justify doing anything for money.
jerrydoubleu 1 year ago
@jerrydoubleu and what was it exactly that they were justifying themselves against? i bet you it was unreasonable regulations.
samm1809 1 year ago 2
@samm1809 samm, samm samm...facism is when we allow corporation to run the government.
jerrydoubleu 1 year ago
@jerrydoubleu but it wouldn't be corporations running the government dumbass, it would be corporations not having to jack up prices to a huge extent in order to meet requirements like profit tax, business tax and minimum wage. don't even TRY to patronise me. i'm certain that i'm better educated than you and better read than you if you're still stuck in this whole "CORPORATIONS, MAN! CORPORATIONS WANNA TAKE OVER THE WORLD, MAN!" mindset.
samm1809 1 year ago 9
@samm1809 -- sorry, u lost me at dumbass, dumbass.
jerrydoubleu 1 year ago
@jerrydoubleu so in other words, you cop out because you know you're wrong.
samm1809 1 year ago 2
@samm1809 -- name-calling is immature.
jerrydoubleu 1 year ago
@jerrydoubleu and now you defend the fact that you havelost by trying to take the moral highground.
samm1809 1 year ago
@samm1809 --I'm trying to converse.
jerrydoubleu 1 year ago
@jerrydoubleu:
I think your gay ass is popular for the wealthy that like to hump it.
victorsblock 1 year ago
@victorsblock -- do you like that warm, musty smell between my cheeks?
jerrydoubleu 1 year ago
@jerrydoubleu -- do you like that warm, musty smell between my cheeks?
victorsblock 1 year ago
@victorsblock -- I'm a farmer, I just plow.
jerrydoubleu 1 year ago
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@jerrydoubleun-- I'm a farmer, I just plow.
victorsblock 1 year ago
why was the giant headmaster of the girls school and mr dursley from harry potter talking?....
samm1809 1 year ago
greenspan's failure to address OTC derivatives and other such reckless monetary practices by endorsing a "far too free" system is the reason for the mess our global economy is in
anthonygador 1 year ago
@anthonygador Democrat Bill Clinton repealed/dismantled the Glass-Steegal Act which effectively de-regulated Wall Street. This Act originated in 1933 and prevented the linkage between commercial banks and most hard assets.
H204Real 1 year ago
Milton Friedman is god.
321lawc 1 year ago
@321lawc he is the man but a god would not have misjudged ben bernanke so much
surrealnumber 1 year ago
Contracts....think about that for a second. Contracts are EVERYTHING!!!! I'd love to have the government to enforce and protect every single contract, but it's a radical call to expand government. Friedman's biggest strength was his understanding of group behavio, his greatest weakness was understanding individual behavior, and, when it wasn't group, aggregate individual behavior. His understanding of politics was seriously flawed and so he was constantly proposing utopias which couldn't exist.
NathanJSweet 1 year ago
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communism and capitalism are just flip sides of the same jewish-owned coin which Hitler fully understood. Hitler liked "industrial capitalism" but opposed "interest capitalism" so that threatened the jews who had funded the British, USSR and USA empires. So all of the jews conspired to instigate WW2.
"Now Germany is against the power of evil incarnated in the Anglo-Saxon/Soviet coalition managed by the Jews." - Luis Blanco telegram to Francisco Franco right after USA teamed with the USSR
ManyStrongPoints 1 year ago
not sure why the adulation. Adam Smith's ideas are well known & Mill's are too & paced together you have Friedman. His love of the market & freedom has the flavour of of the Elis Island Shetl immigrant(& his history of ideas: Nixon, Regan etc) is local & self-serving. But he believed in himself -Greenspan- & that is what counts.
24Cenac 2 years ago
not really milton criticised the regan and co governments for not doing enough freeing up the market its just that their policies were better than others.
liber8me 2 years ago 13
He says he liked Greenspan. Greenspan admitted that his own core ideas for 20 years, were wrong!
publicme 2 years ago
And I'm glad he lived. I'm always praying that free people will hear his comments and think for themselves.
Capitalism is freedom. And people like "Guevaristas" are welcome to give up their freedom if they believe so much in something other than capitalism. Just don't drag the rest of us with you.
But that defeats the very tenets of socialism; you have to FORCE everyone to do it because you are convinced you have moral superiority.
toaddreyfuss 2 years ago 76
@toaddreyfuss Nail hit on head.
ellecto 2 years ago
@toaddreyfuss Socialism is obviously just as corruptable as democracy, & any other political system functioning within the out-dated monetary system that creates artificial scarcity, where in truth we have no such scarcity in our current technological age. Friedman was well informed within the monetary paradigm, but I'm sure humans are capable of living without politics & economics now, & money has to go (it inhibits true progress now).
TheSquibbs 1 year ago
@toaddreyfuss If the price for world wide peace, equity and no more poverty is giving up your beloved "freedoms" such as buying hummers, big macs, nike or big boats and shit, then so be it!
All we need is Jesus lol
brazeau2009 1 year ago
@brazeau2009
But ofcourse that isn't the price for world wide peace, it is usually a prescription for greater mayhem.
But how foolish of me, i am actually talking about history instead of theory.
Califacience 11 months ago
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glad he's dead, evil old tyrant capitalist puke
Guevaristas 2 years ago
I liked Friedman, it was interesting that he favored capitalism practically, philosophically and theoretically. He was almost a capitalist zealot.
gary83uk 2 years ago
He famously quipped that deflation can be fought by "dropping money out of a helicopter". The Basic idea behind the Obama Admin. .
ubuibiok 2 years ago
except B. Hussein Obama's problem is not with deflation but inflation or perhaps hyper-inflation
TheLivingStone7 2 years ago 3
not really.. dropping money out of a helicopter might actually help. Sinking money into an abyss like Obama will not. :\
parrotsnest 2 years ago
Friedman was really pro-federal reserve. This was a total mistake.
latewire 2 years ago
Actually before he died, he called to abolish the FED!!!
jumbulya 2 years ago
It is completely wrong to assert that Milton Friedman was pro Fed. Debt money systems such as the Fed are inherently inflationary, which is completely at odds with the monetarist creed. If you would like some reading material on the subject, I would be happy to provide some sources.
thespacialone 2 years ago
I wouldn't say he was pro Fed, but he did lend legitimacy to it by working with the Reagan administration, and never admitting toward the end of his life that he had utterly failed in his objective to create freedom and reduce government
Sam26100 2 years ago
Hi Sam. Yes, there were oftentimes worrying discrepencies between what Friedman "stood for" and what he said and did. Though I think he framed many of the timeless liberal ideas well, I increasingly suspect he was guilty of generally missing the point when it came to their proper application. There is a fascinating article by Soros in the FT of London dated 30 Oct you may be interested in, which highlights many of the shortfalls of the fundamentalist approach. Best regards
thespacialone 2 years ago
@Sam26100 I liked a lot of what Milton said, but he's acting like all the inflation directly caused by Greenspan wasn't bad. I cannot believe he thinks Greenspan did a good job.
jeremyraybrown 1 year ago
I agree
I think Milty was somewhat corrupted by his association with the government, particularly during the Reagan administration.
Maybe you can't have all that prestige and not end up selling out your principles at the same time.
Sam26100 1 year ago
@latewire
Milton Friedman has overtly said in 1994, 2000, and in 2006 that he is for abolishing the FED.
LogicalFlawDetector 7 months ago
hahaha Alan Greenspan is the greatest Fed chairman...what a terrible error in judgment.
jchien 2 years ago
He knew when to get out....
ubuibiok 2 years ago
well spoken
chetansingh2006 2 years ago
milton friedman died 5 days after my 21st birthday
ill never forget you milton
mattgeb84 2 years ago
(July 31, 1912 November 16, 2006)
ubuibiok 2 years ago
Unions work when times are good for a company. A foreign company goes into the same business with cheaper labor. They have a comparable advantage. You ask the union to cut wages, they say no, and you go out of business because you can't compete. Now corporations open operations overseas and labor is unhappy. Its time for government to reconsider taxation. If the US had zero taxation, we would have a comparable advantage as a nation, and we would attract capital and and industry.
pkudlach 2 years ago
You discover you can't lower taxes because of the moral hazards you created. Capital is used to finance your deficit spending. You monetize money. Everything Milton thought wouldn't happen is happening.
pkudlach 2 years ago
Was that Angie Harmon for Minute Maid? Nice
happymyster 2 years ago
I'm no Objectivist, and I've got a few quarrels with Ayn Rand's theorietical ideas, but she was an expert on Bolshevik Russia - she actually was a native Russian Jew from St. Petersburg, saw the Bolshevik state grow in the 1920s first-hand, and held a degree in Marxism-Leninism from a Russian university.
And don't try to make some stupid comment about hos teh Bolsheviks were "state capitalists" and not socialist. I will simply mock you.
DrCruel 2 years ago
You mean, I'm an "idiot" because I let empirical evidence weigh my opinion of socialist theory.
I do not justify kleptocratic machinations by large corporate enterprises (and I'd suggest Enron as a better example of this). But corporate criminals do not in any way justify the mass thievery, genocides and slave states of the socialists. Indeed, by the standards of the Bolsheviks, stealing from and "liquidating" the "middle class" was not only entirely legitimate, but a moral imperative.
DrCruel 2 years ago
Enron cooked the books for $5 mil. and freddy mack and fanie may cooked them for Billions................and no one went to jail, matter of fact Franklyn Rains Obama's head economic advisor made 96.2 million from Fredie mack while cooking the books.........WOW hows that.
hardscaperx 2 years ago 6
someone fell asleep in high school. MIlton Friedman was a radical for freedom and thus individual rights. Now whatever babble you have learned from your government schools mixed with bong hits afterwards, if you endorse the initiation of physical force to impose your views, to confiscate the possessions of others or the behavior modification of others who are not initiating force upon you, then you differ, in principle, little from National Socialists otherwise known as Nazis.
Socratesrockes2009 2 years ago 48
Amen
Daniel44125 2 years ago
@Socratesrockes2009 Hey now, there are a lot of Capitalist stoners out there like me! lol
countchaos99 1 year ago
@Socratesrockes2009 I hope people listen to you, He had excellent views but is not an innocent as people make him out to be. People to research the Chicago school of Economics and look where his students ended up.
sorcijoe 1 year ago
@Socratesrockes2009 Grey scales?
Gonnakillyou 1 year ago
@Socratesrockes2009 what views did I learn from my govt school? what kind physical force are you talking about? what possessions are being confiscated?
I love Socrates myself (ever read Montaigne? He might even be better!), but he would not care for your generalized, hyperbolic rhetoric. Get some specifics and make an argument sir :)
tristramshandy3 1 year ago
@tristramshandy3
Did you just compare Montaigne to Socrates?
Califacience 11 months ago
@Califacience yes. My two favorite people from history. Socrates was Montaigne's favorite person, but I don't have direct access to any of his writings. Montaigne, on the other hand, left us the greatest book ever written- his complete essays.
Viva Duke Ellington and Kurt Vonnegut!
tristramshandy3 11 months ago
you neoclassical/keynesianist morons can go pick up a psychology book and then try to rationalize away your awful, unscientific apologism. or, hell, you love competition so much, compete to tell me why you can't understand darwin in the slightest? or why adam smith said:
"Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all." Marxist.
mistarcraw 2 years ago
By extrapolation then, socialism is a system of beliefs ultimately meant to justify the robbery of the rich, that is, the transfer of wealth from those who earn and make it into the hands of those that kill for and steal it.
And I don't "apologize" for competition. I stand for freedom, and proudly so. Now why not pick up a history book and try to justify the monstrous record of socialism, especially in the 20th century - a record that encompasses Nazism, Bolshevism and the Khmer Rouge?
DrCruel 2 years ago
youre obviously an idiot that has not been defined socialism beyond the Ayn Rand Heritage Dictionary
if you think "the robbery of the rich, that is, the transfer of wealth from those who earn and make it into the hands of those that kill for and steal it" is any way tethered to the reality of Goldman Sachs and the like stealing from the middle class and the poor, you don't simply need to take a psychology entry level course, but perhaps consider cracking open DSM-IV and looking up "sociopath"
mistarcraw 2 years ago
"youre obviously an idiot"
Your obviously an idiot that can't put together an argument, which isn't suprising with such piss poor position to be taking. It's no wonder you just resorted to random insults.
bettertobealive 2 years ago
-mistarcraw
Property rights mean nothing if a thug can come along and kill you and take it without consequences.
I have a right to what I earn, you have a right to what you earn.
Force, fraud and theft are not ways of earning property.
Adam Smith is right because those with property ("the rich") need protection from those who would steal rather than earn their own property. Not Marxist.
1978RDC21 2 years ago 3
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just Powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People..."
"pursuit of happiness" originally read "property"
1978RDC21 2 years ago
Jefferson changed it because he knew better.
Too bad your version didn't make it into the final cut, eh?
Or do you think that the Declaration of Independence legally binds you to overthrow an unconstitutional government?
Perhaps you need to take a survey of the History of Economic Thought. Adam Smith did not advocate government protection of oligarchs and plutocrats, the mere thought of this is hilarious
mistarcraw 2 years ago
People should watch this show, rather than anything by peter schiff or by the austrian school. Rothbard himself proclaimed Milton as a closet statist. One further reason as classical economist, one should despise the austrian school as much as the keynesian school.
historyboy12 2 years ago
Despite monetarism being overwhelmingly disapproved from the late 1980s onwards, Milton Friedman is the most important economist of the 20th century. Obama and Keynesians should really read his consumption theory, in my opinion his greatest piece of work.
historyboy12 2 years ago 7
they talk about milton friendman was a great economist? i dont think so; he stated the federal reserve was created to prevent a run on banks, but the federal reserve was created for the benift of private individuals such as rockerfellers rothchilds and morgans to have there private central bank; yes thes individuals own the fedraral reserve,. not the federal govermnet.
rjohson 2 years ago
Unions and minimum-wage restricts supply and price the poorest labor out of the market, the very people the legislation is supposed to help.
pllpls 2 years ago 7
There are so many people who idly sit by and criticize capitalism whilst enjoying its many fruits.
pragmatismnotidealis 2 years ago 10
Where are the union jobs? My local has over 10,000 members and we are calling on locals all over north america to fill our jobs, we have resorted to accepting temporary foreign workers to complete the projects we are working on currently. its because of free trade and capitalism that manufacturing jobs are dissapearing! Its cheaper to build things in 3rd world countries and pay no duty than pay decent wages! But that takes money out of the pockets of the rich! cant have that now can we!
brentlovestoweld 2 years ago
The reason the JOBS are going overseas is because of overpaid gorillas in Unions have forced the wage that they are paid to be so inflated that it exceeds the cost of expatriating the business operations of the company. Because of UNIONS, it's cheaper to dig up iron here in the US, ship it to CHINA for refinement and processing, and to ship the finished goods back to the US than it is to just do it all here locally. You, sir, are too blind to see this.
diskpanic 2 years ago 7
Why should low income Americans be forced to pay more of their money on items that they don't want? How is that fair?
revolutionaryluddite 2 years ago 2
Your jobs are given away to others because you were being over-paid. Unions always put their workers out of work because people like you can't seem to grasp you cannot create profits out of thin air. You cannot simply say, "I want $50/hr" and justify it. You're not as productive as your union salary demands that's why you're unemployed. If you were really good at your job you'd be employed.
thomaserossi 2 years ago 5
Our jobs are being given away to others because there Are 100s of BILLIONS of dollars worth of projects happening where I live and not enough people to man them all, If I went non union i could actually make more money, over a $100/hr running a welding rig, So you my friend dont know "shit from apple butter"
brentlovestoweld 2 years ago
You couldn't make over $100/hr. You're not good enough. That's why you're mucking it out in unions.
thomaserossi 2 years ago
Wow what an intelligent reponse! I guess that means I've made a valid point that you have no rebuttal for so you decide to attack me personally even though you have no idea who I am or anything about me. You are making a great point for your point of view, well done!
brentlovestoweld 2 years ago
Somebody got their feewing hurted =(
You're still not worth $100/hr. You're a liar and you're trying to divert the issue..
The fact is unions invariably destroy the business they've unionized. UAW deserve to be unemployed because they're not good enough to demand their wages. Just like the coal miners before them. Just like you.
thomaserossi 2 years ago
This comment has received too many negative votes show
THE SHOCK DOCTRINE THE RISE OF DISASTER CAPITALISM BY NAOMI KLIEN
i challenge everyone to read this book and see if their views remain the same on captialism!
brentlovestoweld 2 years ago
I did and its shit. As is Naomi's understanding of real economics. She is no different than Paul Krugman, another worthless Economist who fails to understand how a sound economy should work, how the Government has not allowed for "free-market" Capitalism to work as it should, and how to take advantage of a federal reserve system that manipulates phony-bubble based economies.
rickysixx 2 years ago 3
why would I waste my money on marxist crap? Naomi Klien is a moron.
try this one
Liberty and Tyranny - Mark R. Levin
Kevo7598 2 years ago 5
They do.
ghrshghrstyhrthgt 2 years ago
Union crap.
Where are the union jobs now? Where are all those "welding jobs" going? What's happening to the laughable union jobs is the same thing that's going to happen to the laughable American (socialist) economy (as it has not been capitalist in decades).
The capital holders are going to take their capital and leave the market. The capital holders STUPID enough to remain are going to be taxed into oblivion. And the Marxists slimeballs will finally know TRUE, inescapable poverty..
diskpanic 2 years ago 4
This comment has received too many negative votes show
yeah i see your point, people trying to make a decent living should give up all our benefits and take wage roll backs in order to line the pockets of the capital holders! everyone should be happy to go work at walmart and make minimum wages and have no pension or benefits, that would be a wonderful world.
brentlovestoweld 2 years ago
I won't try too hard to explain this to you, because you're an overpaid union worker, and your greed blinds you.
If the government stops taking money from the capital holders (via taxes), it will mean they have more money to invest. Literally, it increases Demand. Increases in Demand increases the economic NEED for Suppliers. Suppliers need LABOR. LABOR means JOBS.
You don't want more JOBS, though. Unions actually benefit from restricting labor pools.
diskpanic 2 years ago 4
If we charged duty on importing foriegn made products and made it more expensive to bring them here than to make them here these jobs wouldn't be disappearing! Its because we remove trade barriers these jobs are leaving! I don't understand how thats hard to see? Please tell me what i'm missing? and i'm not trying to be an ass, I really just don't understand your point of view
brentlovestoweld 2 years ago
Because the foreign nations that we would charge a duty on import would, of COURSE, NOT turn around and tax our exports, no. Of course not. You're foolish and childishly naive view of economics exposes you for the Marxist you are. Yes, union comrade, you are a Marxist.
What fools like you have no grasp of is how your grossly inflated wages CAUSE monetary devaluation. YOU nimrods that are paid $40/hr for $15/hr work are the primary reason that the dollar is now worth less than the Euro.
diskpanic 2 years ago 4
All union workers are Marxist shills. That's why you don't know shit from apple butter. You've put all of your stock in witch-doctor economics.
What's the role of prices?
It took Soviet economists decades to figure that out. Then once they figured it out they realized they were trying to fight the market. They lost and so did all of Russia. They lost with inefficiency, starvation, and shortages.
What creates a shortage?
Naomi Klein doesn't know that either.
Marxism = Crap
thomaserossi 2 years ago 5
you don't know what the market is and you live day-to-day in an irrational shrill fantasy of Randian proportions, without any empricism, without any commendable action.
mere thugs, the neoliberals and neoconservatives. thugs pinning for the Gilded Age and the days of slavery.
mistarcraw 2 years ago
i'm pinning for lots of days. i'm pinning, pinning away.
allthewhile 2 years ago
pin yourself to the wall :P
mistarcraw 2 years ago
Please support HR 1207, The Federal Transparency Act! Our congressmen have the right and responsibility to Audit the federal reserve, like anyone else! It is our USA dollar, our representatives have the right to know! Please contact your local legislator about HR 1207!!! Congress rigorously debates millions of dollars in the senate, yet Bernanke an unelected official puts billions of US dollars at risk, and our own CONGRESSMEN can't even know how the money is spent! We need TRANSPARENCY!!!!
GoLuckyOops 2 years ago 3
deregulation is not just for business it's for government too. the goal of a just society is to protect ourselves and each other from sociopaths and psychopaths, and unjust practices that occur anywhere, whether that be in government and/or business. human nature will not automatically change if one or the other is given power or has taken power away from it.
bigballs5555 2 years ago