Milton Friedman on Hayek's "Road to Serfdom" 1994 Interview 2 of 2

[Lurker1979]

I am going to a small commercial college for my MBA. I have had teachers mention Milton. :)

[erelpc]

23:00 Well said! Not conservative! Liberal!

[lofabred]

Interesting that he said debt wasn't the problem, but that the problem was government was too big. I don't see those things being separate - the assets all went bad - the fed literally bought up most (all?) of those bank's toxic assets. I wasn't paying attention back in '94, but things are obviously worse now.

I can't wait to vote for Ron Paul :-)

[rickbruner]

@lofabred Paul will not win the nomination though his beliefs are largely correct. He is now too old and his answers have become to trite. You always need to back up your beliefs with thorough factual arguments. Paul's answers to questions are largely backed by opinion, not numerical fact. If 40 years ago were now perhaps he could win.

[lofabred]

@rickbruner I'm not sure what you mean. A nearly 15 trillion dollar debt, 0% artificially low interest rates, a real inflation rate of 9% (the govt measure is 3~4%) - these are numerically factual things. Not to mention the economic facts of how our welfare reward structure and regulations are affecting markets. If you agree that he's correct, why rule him out? Especially if all the others aren't correct? That confuses me. I think he's the only one who will seriously address the problems.

[Gaius8666a]

@rickbruner Ron Paul, although he probably won't win the nomination, has already done more to move not only the Republican Party bu the whole country in his libertarian direction. It is not always those who win who influence the most. His movement has greatly affected the direction of the debate, and he should be congratulated for it.

[DBKK]

@rickbruner @lofabred what are you talking about backed by opinion? the whole reason he has become so popular this election is because everything he has talked about for last 30 years is out in the open and everyone is starting to notice that the economy is on the verge of collapse. he could not be less about opinion.