Power of the Market - How to Cure Inflation 3

[PCG111111]

The printing press stop thing is hilarious. Friedman was an ass.

[NearAbbeyRoad]

Look at Fred Harrison's vid on Youtube The Celtic Tiger

h t t p:/ /w w w.youtube.com/user/HarrisonFre d?blend=22&ob=5#p/u/0/3zZMl_5g TDI

The Celtic Tiger was based on:

1. huge influxes on EU money for infrastructure

2. low Corpn taxes.

A bubble economy was based on the land/property market, which was bound to burst. The values of land were not taxed to keep money from being poured into land/property. Ireland has taken notice of Fred and is to phase in Land Valuation Tax to solve it

[NearAbbeyRoad]

@loeghat

There is no free market in Ireland. The Market is rigged.



[jrsub3]

Think of all the trees we would save if we stopped printing so much money.

/Using this line on an eco-Keynesian.

[raltaki]

The funny thing is that this would have meant that if we as a country had not used "stimulus" money to try and force back our nation that we could have used this recession as our settling period. Had we chosen this moment to slow/stop the presses instead of revving them into high gear we could have avoided the future pitfall of a true depression.

[yamahaU3]

This is pure gold.

[bonfirejovi]

Where is the discussion that friedman has after these segments?

[bonfirejovi]

We need Paul Volcker back as Fed Chairman.

[djbanizza]

There's the optical illusion with phantom dots on the window at 4:40 :)

[hlimkb]

i think the question is judgement on the policy maker with regard to the us printing press,

when the shopkeeper lose confidence in the greenback they were raise prices,

[ICONICFREEDOM]

gotta love this: "Inflation is just like alcoholism, in both cases, when you start drinking or when you start printing too much money, the good effects come first and the bad effects come later..."

[jamo387]

@ICONICFREEDOM Interesting thing he alludes to is that he who gets the "new money" first, benefits most. That's because the inflation sets in well after the money has been distributed throughout society. This is why the BIG banks do so well, they are in cahoots with the federal reserve bank to get the money first and buy things with it before the dollar is diluted. We suckers on the bottom get the money once it's diluted and we are robbed of our savings. That's why savers are suckers END THE FED

[bobhoover1977]

@jamo387 May I ask, do you have any formal economic training?

[jamo387]

@bobhoover1977 Sure you can ask !

[bobhoover1977]

@jamo387 may I ask, do you have any formal economic training?

[jamo387]

@bobhoover1977 In fact you can ask three times !

[NearAbbeyRoad]

@bobhoover1977

Milton Freidman had economics training and was a tosser.

[bobhoover1977]

@jamo387 may I ask, do you have any formal economic training?



[vaj99]

The true inflation rate is 11% in Usa. the official government figure is a fraud.

[manoman0]

@vaj99 - that's just the beginning. Inflationrates will go up the more money flows into the market.

[jamo387]

@vaj99 I like how they don't include fuel or food costs in inflation figures. Convenient for these hustlers.

[scottvska]

This man was a genius.

[SchnickTech]

Inflation is somewhat like alcoholism.

We need an intervention for the inflationoholics in Washington D.C., especially when China is freaked out by Obama's financial irresponsibility. By "intervention", I mean an election, say in 2010 and 2012.

Oh, and I have to emphasize this. CHINA is freaked out about OUR spending!!!!

[delrathi]

you jackass we haven't even started to experience inflation under this adminstration......dumbass

[rambo679]

Inflation is defined as an increase in currency which is happening, increasing prices are an effect of inflation. So we are experiencing inflation, and as soon as it gets spent/loaned/etc we will see rising prices. For example, as long as interest rates were kept low during the Bush Administration oil prices kept rising. Notice as soon as the fed raised rates, along with the housing bubble being popped, oil prices dropped drastically. And, when Bernanke lowered rates(inflated) they increased

[Scottit]

Certainly inflation hasn't occurred yet, but it surely will.

The previous poster is aware of that & has not demonstrated anything about jackass or dumbass.

[bonfirejovi]

@Scottit Inflation is not yet visible as banks are not lending money and are sitting on huge reserves. Let Bernanke's easy money flow through the system and you will start to see higher inflation in consumer goods.

[Charlesperalo]

Yah but we will and soon.

[Weedlab11]

Brilliant .... with every word I learn something.

[nick3fry]

Milton Friedman 10 Inflation 0

[AshillaBeige]

1:12

And Milton Friedman single handedly pwns inflation.

[totallyshamanistic]

thank you for the upload libertypen

[xdjessencex]

Smart man..

[tomozope]

He is so right, I was at the mall the other day and everything was sold out, and people had all this extra cash still in the wallets.  This inflation of the money supply must stop, either that or this guy is full of crap.

[Scoforever]

The first one

[scottvanska]

What a brilliant thinker.

[twanablevins]

Great video!

[northduc]

Too bad we don't have a Milton Friedman around to school the dimwits we have running treasury and the fed.

[chrisdabdoub]

well said

[mumuchu99]

@northduc we do, ron paul and peter shiff among others

[sleepyeyeguy]

@northduc Even if he did school them, I can't see how it would have mattered... he's not the one with the power!

[NearAbbeyRoad]

@northduc

Freidman was a dimwit. He was the base of Reganomics. Which started the ball rolling to the crash.

[alsh2010]

@northduc They're not dimwits. But they don't work in the interest of US and have never done so. The people of US need to wake up to this reality and root out this gang of criminals.