Milton Friedman - Iceland 8 of 8 (No Free Lunch)

[Playboysmurf1]

The world needs more open economic debates on issues like this, between Socialists, Corporatists, Capitalists, Libertarians etc etc.... It seems to be something that is lacking these days. Or simply that a voice of freedom is challenging these opposing views. I know Ron Paul and Peter Schiff put their word in but surely there can be more civilised debate covering the fundamentals from both points of view.

[kolishu]

Free = someone else paid for it

[hstad100]

Interesting, Friedman was right back in 1984, the European welfare model is bankrupt! These idiots just use their academic background to hide behind their arrogance of everything must be free. Friedman admonished this idiot that their is not free lunch. Because he has to pay some poor schmuck is footing the bill! Iceland being the first monetary collapse, Greece, Italy, Spain and the rest of the free spenders and politicians have collapsed the system.

[ossiorn]

Why are you people arguing with Libertarians over here,don't you realize that

Libertarians will never ever see their dream of a Libertarian society come true.

Don't you know they are all "pipe dreaming".

[jmonazi]

3 minds against one, fantasic

[gdbalck]

I'm struck by how morally superior the gentleman clamoring for free lectures comes across. Yet, it's almost as if he never pondered the point which Mr. Friedman brought up.

[natepepin09]

As much as people feel a need to bash these other guys, there really isn't. Debates and conflicting opinions are always good.

[inso99]

It's easy to agree with friedman because he speaks very brilliantly and makes a lot of sense. The problem is that the real world doesn't always work logically. I think this discussion would've been a lot more interesting with more time and less of a language barrier. I can sort of understand why they were a bit agitated arguing against an experienced debater and lecturer like Friedman, as he's basically attacking all their ideas, and it's hard to respond on standing foot to these complex issues.

[ExquisiteDoom]

@inso99 "that the real world doesn't always work logically." That's a contradiction, thought you should know.

[inso99]

@ExquisiteDoom ... in it's own logic, yes. in the way one might think of it logically - no, not necessarily.

[quinnrasta]

The envy of these guys on the panel was very apparent. They were looking not to relate, but rather try and show the contrast of the short term success of Iceland's economy to that of the US. Freedom is having the obligation to oneself at the expense of them-self without the obligation to anyone else. It is typically in the best interest of the individual to engage in trade that would help another,but also help themselves at the same time.It is not freedom to be coerced to help that other person

[muddywood]

The gay Viking on the left is enjoying Mr Friedman's answers a little too much

[yoyuepz]

@muddywood lol i know a guy who just looks like him, I find it funny.

[albcwc]

All 8 parts are worth watching. Milton just demolishes these guys, not only owning them intellectually, but never lowering himself to respond to their often personal, nasty and snide insinuations. There are many great men now dead who people remember; MIlton is one of the few I know of where I often hear from people something more: "I wish he were still around."

[TheSlothook]

This is funny, Friedman's retort was absolutely brilliant...there is no free. Nothing is ever free, someone always bears the cost. I found all three of these men rather insulting to friedman, questioning his theories without even a full understanding of what they are. I don't even think these men are able economists and yet they are questioning Friedman. If it were Stiglitz, Summers, or even Krugman that wants to argue, then let them, but don't have agenda based political scientists arguing.

[esnap]

Whew! Man Uncle Miltie put an ass whoopin' on those dullard commies.

[sguinales]

zaaaas en toda la boca!!!

[TroyMcHuffington]

Think about this for a second guys. REGARDLESS of what your view is on politics (free market. socialism, left wing, right wing, whatever) you have to admit that it's ridiculous to think that people should recieve goods and services for FREE in some cases, and pay for it in others! Free lectures? Give me a break.

[triniazn]

hhahahaaha this was an ambush but Dr. Friedman handled himself very well, with rational, common sense answers everyone in the audience as well as the people in his presence could understand.

[immanuelkant1]

Icelanders loved Friedman in this debate and then implemented his policies. Look at Iceland and Chile and how awesome they are. I would even accept someone like Pinochet if only to get this country on the right track and away from Obama.

[ossiorn]

@immanuelkant1

Iceland didn't actually implement his policies.For instance alcohol is still is still sold in government controlled stores.

[safewaysecurity]

Man why can't discussions b like this anymore instead of interruptions and yelling back and forth and sooo much bias on the hand of the moderator. The moderator did an excellent job in my opinion of giving people a fair chance though I have to say Mr. Friedman did interrupt a tad much when the other were talking but of course I think it can be justified by the fact that the discussion is centered around his presence and that he is facing 3 individuals which do not share his views.

[UCSDEngineerDoctor]

Milton Friedman took them to school and back.

[napouser]

no i am not gonna sum up i am gonna rape ur northern ass american style 

[garybsg]

Freidman's logic runs into militant arrogant socialists

[hegemonymony]

Milton is pure genius.

It'll take years for the worldwide Left to catch up to him.

[halflifeproductionz]

greedy bastard.

[neonaction]

every side is biased. It's IMPOSSIBLE to be unbiased.

[cartman1492]

This video is a real gem. When I saw it for the first time for half a second I thought I was looking at an SNL sketch from the late 1980's. These Icelandic socialist professors are just so stereotypically lefty in their look and mannerisms. I half expected Mike Myers to pop up and say "Now iz ze time on Sprockets vhen ve danze!"

[cartman1492]

So, Milton Friedman was able to think and talk circles around three Icelandic Socialist economics professors (two even with beards!). This is hardly surprising. What is interesting is that the Icelandic academic economic community apparently thought they they would require at least a three to one numerical advantage to hold their own with Dr. Friedman. Unfortunately for them, they underestimated their requirement! Dr. Friedman was indeed a genius of the first order who is sorely missed.

[midlantica]

I wonder if blondy-now-president's economics are part of what has put Iceland in its current economic strife... I have no idea... No doubt it was America's fault as usual...

[Spjungen]

As much as I love Friedman, I'm a little disappointed that he never quite responded directly to the issue of the success of the Scandanavian countries under the welfare state model.

[jrsub3]

@Spjungen I would say that Scandanavian countries are populated by generally hard-working people w/ collectivist mentalities, and tend to not value excess as much.

Also, I think a lot of people overstate the socialist mentalities of these states. Sweden, for example, scored very high in property rights, and business, trade, investment, and financial freedom on the index of economic freedom. They actually scored HIGHER than the USA in 7 of 10 categories measured.

[Spjungen]

@jrsub3 Oh? That's interesting...

[Spjungen]

@jrsub3 I suppose I stand corrected.

Then again though, a close to 50% income tax, that just doesn't seem like much of an incentive to work hard.

[cartman1492]

@jrsub3 Your point about Sweden being relatively economic free is true. They do score well on property rights, business environment, trade, etc. However, you should realize that this is a fairly recent development. Sweden was an early adopter of the European model of the expansive welfare state and as an early vigorous adopter it experienced its problems much earlier (1960's and 70's). By the the late 1970's it was clearly not working so they began to reverse course and are now much more free.

[jrsub3]

@cartman1492 Yes yes, I have no denials that Sweden was more socialist than capitalist in the 60's-70's, and that they still would be considered mixed now. It's more a point that I hate people who cite Sweden as this socialist utopia, and then use it to bash Capitalism. It's a lefty lie.

[cartman1492]

@jrsub3 Yes, I think we are in agreement. Sweden was much more socialistic in the era of the 1950's through about the end of the 1970's. In the late 1970's/early 80's the economic burden of this system became glaringly apparent as Sweden's economic growth stagnated for a decade or more. Finally, reforms were undertaken to roll back much of the socialism and economic growth returned as the rollback progressed. Two use Sweden as an example of a successful highly socialist state is incorrect.

[Myndir]

@Spjungen I think he had a number of explanations. For one thing, even the largest Scandinavian population, Sweden, has a miniscule population in comparison to the US. It's a part of Friedman's economic theory that decentralised government services will be less inefficient.

As has been mention, most of Scandinavia has moved far away from socialism now (Denmark has privatised firemen!) with a lot of success, Iceland excepted. Setting up a business and investing in Denmark or Sweden is easy.

[WSWarthog]

@Spjungen

They used the Norway example and his response was very good in that respect because indeed if you strike liquid gold your economy will improve despite whatever inefficiencies result from the system.

[specialks1953]

I watched all 8 parts & feel somewhat inadiquate because I'm just a regular guy trying to learn about what is going on in TODAYS world. I feel blessed that I found this debate. I understand much more now than @ the beginning of the 8 videos. It has been a productive use of my time. I am especially pleased @ the ending. It is perfect that Milton Friedman pointed out the fact that nothing is FREE. We must pay our own way. If we can not pay our own way, IT shouldn't be left to govenment to pay it.

[cherkeysix]

The Blond guy is now the President of Iceland. Dr. Friedman was facing the best Iceland had and comported himself masterfully. They prepared an ambush for him regarding the fee charged for his university presentation the prior day. Normally presentations are free. Dr. Friedman received none of the money, but he chastised the fgroup for expecting a facility, a speaker and a seat be paid for by those who did not attend and instead should be paid by those who valued the event. Wow!

[jscottupton]

Friedman 3...Iceland 0

[911Dagur]

@jscottupton Dont generelize Iceland on the count of the three stooges with their silly ideas. Im icelandic and i agree mostly with Friedman. The men discussing with him are nothing more then politicians and idiots who do not have their facts straight.

[jedivish]

@jscottupton Well I would say Friedman 4 Iceland 0....lets not forget the moderator

[jedivish]

@albcwc I completely agree with you...not only were they nasty and snide, but they were very condescending and extremely disrespectful with very little if any genuine opinions that were worth the consideration. it was almost as though they had done no research of their own and were simply putting forward the points raised by other individuals. Its very easy to distort the facts of any case by looking at things on a superficial sense as Miltons University Lectures have shown.

[jedivish]

And the cheapest thing in the book to try, is to start interrupting the person and cutting him short and then claiming he's the one doing the interrupting. Feel really sorry that Mr. Friedman had to put up with this sort of "civilized treatment". But its a testament to the mans humility and greatness. I wish there were more like him in our world today.

[YourNameHere1212]

Mr. Friedman is an academic, not a politician. These 3 fools on the left are politicians trying to push their political ideology. Friedman owns them on every single fallacious point they tried to push

[Mezey5]

Honestly, politics alone, these three people don't even seem to understand how scientifcally how the economy works. They don't treat the economy like a science

[Busticate]

It would have been interesting to hear how Friedman would've defined individual freedom. Clearly, his theories can not possibly support individual freedom under any political system, be it dictatorship or liberal democracy. I disagree with the comparison drawn with laws of gravity. when one starts to discuss social aspects and implications of a economic theory, one has entered into social science which is not as clear-cut as laws of physics. I think his reasoning was and will remain flawed.

[picapauengracado]

@Busticate you are muddling too much stuff in your comment. Anyhow, physics theories are not clear-cut either. Like in economics, we start with simple models (how objects fall in vacuum), and add more and more complexity, till the point we have abandoned Euclidean planes and enter relativity.

In fact, space agencies like NASA still compute trajectories using simple Newton (no Einstein stuff), and many less celestial objects than you'd think.

[Busticate]

@picapauengracado - I was not talking about theories in economics, but in social science. He started off with describing his ideal society and how he favors maximizing individual freedom by minimizing the role of government to defense, judiciary and legislature. Individual freedom was vaguely defined as the right to pursue ones objectives ...., elsewhere he referred to the right of suicide,... the example he gave about the alcoholic as part of his argument against the welfare state...,

[Busticate]

@Busticate - ... now, entering the realm of politics with such a vague definition of freedom in my view undermines his position on other fronts as science is best served impartially which was the case when you carried out a scientific experiment before 'some years ago' BC, (before corporations). Hence, no more Einsteins, Newtons etc..

[picapauengracado]

@Busticate "vague definition of freedom"

I think he prefixed freedom with "individual" many times. Individual freedom (also known as negative freedom) is well understood as the original meaning as elaborated from the likes of Locke, and inscribed in e.g. the USA Declaration of Independence. It means the state should only do stuff that it is impossible or expensive for people achieve by free association.

Collective freedom from eg Rawls means that state ought to force ppl to help each other, etc.

[cherkeysix]

@Busticate You have a definition of freedom you would like to add? I would like very much to hear it.

[picapauengracado]

@Busticate I don't understand what you're saying by his theories cannot comport individual freedom. As Friedman himself admits, his contributional work to positive economics like the quantity theory of money can be used by any system of government, friendly or antagonistic to individual rights.

The only sense I can make of your comment is that you are against economists in general. You think our methodology is wrong, hence our conclusions inapplicable. I say, grab a good book on price theory.

[Busticate]

@picapauengracado - I am not against economist, so long as they stay there!

[picapauengracado]

@Busticate "I am not against economist, so long as they stay there!"

If you lookup "economist" in a etymology dictionary, you'll be surprised about the history of the word. In the middle ages, it meant maid! Then, some scholars adopted the term political economist to describe the management of the kingdom. Savings and thrifty then evolved. Anyhow, today economists study everything from crime to religion to everything. Check out e.g. The Logic of Life, or Freakonomics.

[Busticate]

@picapauengracado - I am sure they do but economists are too tied up in a system, analyzing and predicting its behavior, to ever be able to propose a brand new idea in maters of state, society and the individual. I think this is better tackled by philosophers and political thinkers that are less constrained. Friedman himself persists that he is an economist. My only objection is when he deviates from this position. No doubt in his many other qualities.

[picapauengracado]

@Busticate Fine, but should be noted you don't learn in class Friedman's policy recommendations like school vouchers or the minimum guaranteed income. That's something he elaborated on "free to choose" and so on, not on his academics.

Economics became an empire on the social sciences with the work of Friedman's student Gary Becker who won a Nobel prize for his provocative hypothesis. Btw, econlib has just put up an article on a mind-blowing paper about gang crime: tinyurl(dot)com/2ayxpqe

[picapauengracado]

@Busticate Economists nowadays put people on MRIs and study things like dating websites. Sociology was taken, so the term stuck and it evolved as being the study of human choice. Anyhow, I'd argue that Friedman is being for the most part a moral philosopher in this interview when he explains his political position -- and if he sounds incoherent, it's just because an interview format doesn't lend to much reasoning from first principles, especially not among that bunch. heh

[ravaneli55]

Man, he nailed them with ease and elegance. RIP, prof Friedman.

[m8s4lif]

Dig those hair styles.

[louiethegreater]

Friedman supports large multinational corporations, regardless of their abuse of the citizens of the world.

[TheTrueLiberal]

@louiethegreater

You must be thinking of Thomas Friedman.

[louiethegreater]

@TheTrueLiberal This is a Milton Friedman Video. Why would I make reference to Thomas Friedman? Milt is the multinational lapp dog.

[TheTrueLiberal]

@louiethegreater

What is a 'lapp'?

[Myndir]

@louiethegreater Wrong. Friedman even said that businessmen are the greatest enemies of capitalism, along with intellectuals, because businessmen can always find explanations for why they can get money from the government.

Anyway, I assume that your argumentum ad hominem means that you agree with what Friedman says and consider it indisputable, even if you don't want it to be true. I think that's a pessimistic approach: you shouldn't give up, keep on trying to actually argue.

[louiethegreater]

@Myndir I believe you need to learn that the succesful track record of capitalism, was laid down by Protecitonist Capitalism, not Laissez-Faire Capitalism. In the late 1960s laissez-faire capitalism replaced protectionism, today even a small mind should realize that laissez- faire does not work. All economic theory is lived out inside nationstates, by real people. We cannot believe that 4 billion new laborers can enter the workforce in the late 60s, and not destroy our economy.

[ningilaith]

@louiethegreater Wait what?! We have NOT replaced Protectionist Capitalism with Laissez- Faire Capitalism at all, we have more government protection of business than ever before. The bail out of the banks and other industries more than proves that point.

[louiethegreater]

@ningilaith The U.S. Government does not regulate multinationals in China. G.M. is Mexico's largest employer, does regulation go sourth of the border.

You completely miss the definition of protectionism. I am referring to protecting american industry from cheap third world labor markets, who has no worker protections, health, safety and enviromental protections. American labor cannot compete with ,57/hr thirdworld labor.

[daPlumber702]

socialism = divide and conquer. Plain and simple.

[Artfryne]

wow. those guys couldn't even touch Mr. Friedman

[Questfortruth86]

Good closing statement.

[majinspy]

While Friedman did very well here, I"ve never liked the argument that someone does well by arguing against multiple people. It's actually easier to argue against 3 different people than one because they do not get to build a cohesive argument unless they are all 3 VERY much on the same page.

Debating 3 people isn't like playing 3 chess games at once. It is like 3 people trying to play one side of a chess game against a single opponent without being able to know what the others are thinking.

[selfrealizedexile]

While that is true, debating 3 people also means you have 3 seperate brains trying to poke holes in what you say.

[majinspy]

Some things don't lend themselves to teamwork. How about you and 2 friends compete against me to see who can blow up a balloon the fastest :)

[selfrealizedexile]

You didn't actually negate what I just said; you merely retreated to your original point. Regardless, either point is not great enough to cause someone who has a dominant intellect and education from shining.

[Owner46]

I agree with this completely.

[SuperGuitarman69]

@fletchfor freedom. One of the best points ever made my friend

[Jazzper79]

What a GREAT debat. He goes in the ring with these three guys and gives them all a knock out. Milton is a genius. This video made my day.

[Hythloday71]

Time and Time again Friedman posits central premise of Equal Starting chances/ opportunities. Time and Time again he 'fails' to begin any statement with this proposition. He doesn't need too. But i'm sure his detractors forget it. So maybe he does. Time and Time again his detractors would put word in his mouth and he is truly genius at spotting this and instantly correcting them. His central premises of Equal Starting Chances and Freedom without hurting rights of others is spot on!

[genius2005]

MIlton Friedman is a FASCIST IDIOT!

Education doesn't 'cost' money, it's a necessary labor investment of society.

It's time we believe and create an economy with a 'purpose'. An economy to just produce 'profits' for the sake of profits is worthless to society, instead an economy should have the 'purpose' of making progress for all mankind to expand our horizons to even outer space.

[ipwnallnubscuzirock]

intent does not equal outcome

[genius2005]

huh?

it starts with 'intent'...we call it a 'VISION'.

Our economy is based upon the ideology of the Egyptian empire where everyone slaved to build pyramids and temples for the Pharoahs.

Today the 'pyramids' we slave in building is for paper-billionaires like Warren Buffet and Bill Gates.

We should instead envision an economy with the purpose of bettering the quality of life for individuals and their families and live like the Jetsons not like the Flinstones.

[ipwnallnubscuzirock]

Milton Friedman is not a fascist idiot. He is neither fascist nor an idiot. If you read his books, if you watched his videos, then you would realize that you are wrong. There is no such thing as a free lunch, in the same way as no one is immortal. Because no one is immortal time costs money. Because time costs money, someone is going to have to pay for the the time put in by teachers. Either the teachers will pay and then starve or we compensate for their work and time lost.

[jabiv25]

ipwnallnubscuzirock's point is that your intention to live like the Jetsons may be very nice, but in practice many may not want to live in the clouds in a futurist 1950s idealization.

An arguement can be made that we live with corporate hegemony akin to a modern form of mercantile feudalism, but innovative ideas that can thrive in a real context are much harder than asserting the ideals of a cartoon.

Friedman argues that less regulation increases the chances of innovation.

[FletchforFreedom]

There are no "slaves" in our economy and Warren Buffet and Bill Gates are so incredibly evil that they have created new and less expensive products for millions of people and job opportunities for countless others (ooooo, thos rat bastards!). The free market DOES improve the quality of life for individuals and their families. It is socialism that condemns them to lower living standrads.

[genius2005]

First, I didn't once advocate 'socialism', Second, Warren Buffet hasn't done anything to 'benefit' me as an individual, the clown just trades around worthless derivatives and credit-default swaps. And Bill Gates is an evil monopolistic greedy piece-of-shit using the money he enforceably takes to fund sterilization experiments on Africans. Large infrastructure projects/scientific engineering should be organized by government, the inventor paid a one-time patent award and the rest is capitalism.

[FletchforFreedom]

You are arguing for some alternative to an economy based on economic liberty and argue for scientific engineering by govt (despite private sector superiority) - that's socialism.

Both Warren Buffet and Bill Gates have significantly increased economic efficiency creating jobs and providing products to consumers (and both have given billions to charity - those bastards!).

[FletchforFreedom]

And one grant (among thousands) by the administrators of the Gates Foundation (not Gates himself) went to UMATI for family planning efforts, not for "sterilization experiments". That accusations that UMATI has engaged in coercive sterilization doesn't mean by any stertch of the imagination that that is what Gates intended when he set up his foundation.

And, you obviously do not grasp the term "monopolist" which gates never was.

[genius2005]

I'm arguing for the original purpose of the U.S. economy which is: 'only Congress can utter credit [for the development and general welfare of the nation]-not some private Federal Reserve that 'utters' for Goldman Sucks and JP Morgan to loan at high interest rates to consume at shopping malls. Bill Gates, David Rockefeller, Oprah Winfrey and others just had a secret meeting on the 'population problem', and he does everything he can to fight court rulings that curb his monopolistic practices.

[FletchforFreedom]

The purpose of the US economy is that of the individuals engaged in it. That the Fed has private shareholders is irrelevant. The issue is that it is a government monopoly with the power to manipulate the money supply and responds to the desires of government.

Conspiracy theory nonsense concerning Gates et all would make you look like a complete fruitbat ... had you not already demonstrated as much by admiting to being a Lyndon LaRouche nutjob.

But, het, thanks for playing!

[jabiv25]

Fascism always starts with purpose. Friedman's point is that that purpose should not be imposed by a central government. Such imposition is the core attribute of fascism. Profits are neither good nor evil. They are an abstract means of exchange, which selects for no particular utopia.

We can all appreciate the desire for utopia, but regulated/imposed "purpose" - though often well intentioned - proves unstable and inefficient.

[FletchforFreedom]

O ye of the poorly chosen name. That education yields benefits doesn't change the fact that its provision has a cost.

The economy DOES have a purpose - the provision of goods and services in the marketplace. Profits are a means of ensuring that such goods and services are directed to meet consumers needs (and thus, those of society). THAT is what results in progress for Mankind (and attempts to direct it from above have always made things far worse).

[jrsub3]

@genius2005 44.1% of Venezuelans have a college degree in a market that's been designed with a "purpose" outside of profits. How's that working out for the nation?

[cvb777]

The man with the blond hair is now the president of Iceland.

[ipwnallnubscuzirock]

unfortunately

[Zerofire18]

Is that Lee Majors to the mediator's right?????

[SuperWhatsGoingOn]

This is what irks me most about libertarians. They think they are for individual freedom and a free society and all that. really, they would just privatize power, and essentially turn inherently government power over to profit maximizing, rent-seeking firms.

[SuperWhatsGoingOn]

I like how Mr Friedman's own supporters misunderstand the concept of "free" particularly with respect to free markets, which does not exist, except for in text books.

free markets and the pursuit of capital accumulation always leads to market consolidation. you can say that these markets can be pried open by new entrants who threaten the security of incumbents, but, more often than not, barriers to entry, whether they are erected by the government or are inherent in market structure, exist.

[dsutari]

haha I love how these guys gave Friedman the perfect opportunity to explain the concept of no free lunch to them.

[HapaLife]

I love Milton Frieman... ahahah at the end of the debate he looks so jovial and content, the three 'intellectuals' across from him are all sober and mulling over how they couldn't get the last word.

[genius2005]

Allow me to debate Freidman or any Freidmanite, I would destroy his arguments.

Or allow Lyndon Larouche to debate Milton Freidman, he would make Milton Freidman seem RETARDED.

[Sivels]

why? Because you say so? Have you heard of constructing an argument?

[Vodka2389]

At least the guy closest to the camera seemed to agree with Milton at the very end. The other 2 are hopeless.

[lexus232323]

Those 3 are not intellectuals, they are more like politicians. Especially Dennis the Menace sitting on the right side of the mediator.

They cite sentences from Friedman's work and attempt to distort it to support their propagandistic ideology.

Real intellectuals don't ask stupid questions.

[californiamike2003]

They bring to mind a phrase from Adam Sandler's movie Billy Madison: "Loser denial"

[picapauengracado]

@lexus232323 The one you call Dennis the Menace (the one on the right), I was told is a former prime minister of Iceland. He presided over the bankruptcy of the govt a few years ago. heh

[snailspace2]

*Priceless*

[Jackmani11]

Great set of videos. Friedman is a little rude in these, which is very unusual for him.

[Sivels]

I think he was a little impatient with these keynesian blockheads

[genius2005]

The Freidmanites is just as bad as the Keynsians.

Look at the scandal of worthless derivates and credit-default swaps.

Alan Greenspan said: 'It's not fraud because markets will be the judge of these products'.

So here you have a disciple of Friedman justifying fraud because the 'leaders' of an economic system have no responsibility to an ignorant society.

[nammoo89]

Can you confirm that MF wants a fascist society?

[mwangolatrue]

Like said Lexus, Those guys are more like politicians. The trow a higly emocianal stuff in you face and hope you make a mistake.

Milton had not to face such morons with niceness, but he give them a lesson

[kobe88124]

they were rude to him...

[abgjp1]

Good set of videos, thanks for the upload!

[TECNOLOGIAAMB]

mr Friedman was excellent in this interview.. the other three gentlemen were obviously interpreting his books and his views in their own biased and wrongful views of economics.. Mr. Friedman sure lectured these three gentlemen.

[Martintfre]

Brittle13: Thanks for posting the series, way better then the fecies on TV that floods the air waves!

[hhoblit]

Thank you, brittle13, for posting all these wonderful videos. I cannot believe he said there is no free lunch. I just got one courtesy youtube and you! I guess this is a good externality he talked about with Donahue.

[Zerofire18]

I think the Iceland man closest to the host looks like Lee Majors and the one furthest away looks like Tony Robbins.

[2ndTreatise]

Friedman is one of the best debaters I've ever seen, although he is a little a bit rude. Thanks for posting this series.

[Jazzper79]

He is not rude. He has to be offensive when going in the ring with three guys.

[Entropy56]

Aside from the subject matter I have a few comments.

The three Iceland gentlemen were just that. Well spoken and often using better grammar and sentence construction than Americans. Good looking too.

Milton tended to interrupt too much and not let them finish. But these polite men allowed him to so.

I wish this encounter would have been longer and in more detail because some of the answers Milton gave in response to objections to his theories were worth exploring.

[08MVPyouKnowWho]

He tended to interrupt when they tried to put words in his mouth.

I found that they made a lot of claims about something he may not have actually meant and he just reacted as most people would by interrupting.

The guy closest to the host seemed somewhat hostile and always tried to throw in a jab by saying something he knew Friedman would object to.

Great discussion overall though and nice to see Friedman speak to some people who actually have some understanding of economics.

[Entropy56]

Hey if you are Canadian you might be interested in fellow citizen, Paul McKeever of the Freedom Party.

[HapaLife]

Friedman was very polite in that he allowed the three men to accuse him of false charges, all the while remaining civil. Now if they are saying something that is incorrect, isn't it in the best interest of discussion that those facts get cleared up before more time is wasted. Or should Milton allow them to ramble on?

[Monty1994]

wow that was great.

There is no such thing as a free lunch.

thanks for putting these videos up, especially the ayn rand video. too bad donahue is borderline mentally disabled.