He called a finacial crisis 30 years ago! A big one and he predicted that those in power would soothsayer it over instead of letting corrections occur! No wonder you don't Allow ratings, you must have realized how stupid this video was post-release.
The "trickle-down" Theory: The principle that the poor, who must subsist on table scraps dropped by the rich, can best be served by giving the rich bigger meals.
Godwin's law is proved in record time; comparing Friedman and neoliberalism to Hitler! Hitler was a socialist. He despised the free market. Can you name a fascist who believes in individual liberty and free market economics? If you can I'll show you a green dog.
In both America and Britain, public spending has risen inexorably, including through the so called free market 80's. Reagan massively increased debt and deficits. Despite all this spending, inequality increased.
Dude how can a sociologist have any idea about economics? It's like me saying I think Quantum Mechanics is wrong without showing any maths. And why is hilter there? He was a Nazi (short for Nationalist Socialist Workers Party) i.e. wants a large dictatorial state. Liberalism want minimum dictatorial powers/minimum state.
Secondly consumerism and capitalism is not the same thing! Read some austrian economics. Friedman promoted production, not consumption.
Wow !!!!!! you obviously don't know anything about sound economics nor about milton friedman message ! A reel free market is the only answer to are problem, the cause on the oder hand is the failing of socialism. Therefor more socialism is not the answer !!!! Do yourself a favour and recherche austrian economics and you'll see the world situation much better!!
This video is inaccurate. Class warfare is the spark of socialism and communism. Why are Americans so quick to turn a cheek on Capitalism, we haven't even had it, truly, in most of our lifetimes. Yes there is a handful of people taking advantage and getting privileges from the system... but who's to blame? The government for having the power OVER the market, the Fed having power over our currency rates-- strangling healthy free-market competition.... and inflating our currency.
Unprovable rubbish. Allways the same with you free market obsessives as it's allways the gubinment. Do you lot EVER admit to a private firm making a mistake? The market rules itself and as you know it's lack of oversight that caused the crash. But then you are probably a lobbyist fake bot account.
@alfienoaks what is unprovable exactly? Free-Markets? The Fed devaluing your currency... stealing from fixed income people.. The market does rule itself... but the people rule the market--- Because competition rules the marketplace... even pay rates. Lack of oversight?? There was too much oversight... the crisis of 2008 wouldn't of happened if normal market policy continued without government backed mortgage loans by Fannie and Freddie... Not lack of "oversight"
Unprovable that it's only the government at fault. Surely you mst admit private firms are responsible for some of this. The disturbing argument put forward seemingly is that if the government is imperfect it's ok i firms get all fraudulent as we have the gubinment to blame. Why can't capitalism obsessives take some responsibility for things. You use the government as cheap cover all excuse for the worlds ills.
@alfienoaks " Surely you mst admit private firms are responsible for some of this. "
Maybe so, but it;s the monitary system put on the entire market that made the housing bubble and the boom and bust cycles the past few years.
High inflation is governments failt, combine that with the banking business also government regulated and supported that made the houding bubble that burst possible. With a free currency and no bail-out possibility, banks would think twice.
@alfienoaks Yes private firms make mistakes... but in a free market system... TRUE free markets equal private losses and private gains... not private gains and public losses... like what we see with the bailouts now. Come on, this can't persist. Im on the side of freedom and you are trying to belittle a different opinion that happens to make you defend your own shallow beliefs... you probably think all rich people are evil.
Belittle? your words. My shallow beliefs? well of couurse if you can't win an argument or convince others there is allways cheap insult to fall back on.
The neo-liberals and their conservative backers are the greedy scum of the world. And guess what? They were useless at economics too. The ruling elite just went on a rampage looting the world and called it capitalism.
But when the banking system collapsed, who was first there for the handout? Yes, a nanny state for the rich, where they live in opulance payed for by the rest of us. But that's what conservatives believe in, give me all the money, and fuck all the rest of you!
This video is laughable. The cause of the economic collapse of 2008 was poor fiscal policy by the government at the Federal Reserve. They kept money too cheap for too long. Milton Friedman warned us about this.
I suppose you believe that government regulators have magical powers that will bring an end to greed. All we have to do is elect someone who will take the ill-gotten wealth of the greedy and give it to the needy? I've heard that line before. You don't think that left wing politicians can be corrupt and greedy? Where's your evidence to support the notion that the opposite of Milton Friedman's beliefs (which you clearly misunderstand) will bring about universal affluence and an end to greed?
Clearly you are ignorant of the works of Milton Friedman. I suggest you read "Free to Choose". It's a good start. Sadly, I beleive you would support M.F. 100% if you were knowledgable of his positions, but you fight it without knowing, leading to your own demise.
You are not being intellectually honest by making this video. If you expect people to believe you, you should support your positions with evidence. Instead, you fling baseless accusations.
This video seems to be just a random collection of phrases and pictures. It is obvious you have never read anything that Friedman ever wrote or understand even the basics of what he talks about. Is it possible this video is a joke? Yes. It must be a joke.
To think that Milton Friedman was a supporter of the free-market is fucking silly. Milton Friedman was a Monetarist who favored a fiat currency. In fact, in 1968, Milton Friedman said that the only thing keeping Gold at $36 an ounce was the dollar, and if Gold were to be cut from the monetary system entirely, Gold would drop to 6 - $10 an ounce.
This is one of the most ignorant videos I have ever seen. Almost every slide was incorrect. Hitler was not a liberal, he was an authoritarian. Friedman’s policies had nothing to do with the crash because his theories were not implemented at the time. You portray for the next couple of slide corporatism, something Friedman was against. Housing crisis was due to government. Friedman disagreed with the printing of money. Wealth gap increasing due to govt. regulation. He opposed bailout concept.
Friedman's teachings and reputation are strengthened by the current economic crisis. The collapse was not the result of failed free market policies, but government intervention in markets. The government urged the private sector to give loans to people who couldn't handle them because it would be "fair." More like disasterous!
Friedman was an extremist. A peaceful economy requires a balance of freedoms and regulations. Greed has to be limited, or else it destroys. Poverty needs to be limited too. Even a pig farmer knows that the little pigs need protection from the big pigs.
@UncleIrv , perhaps you should go back to your parasitic abode which is deep in the human guts and eat your capitalism-shit-eating-Godtard bile. "free market" my ass!
Karl Popper, Friedrich Hayek, Milton Friedman, and Ludwig von Mises ARE THE FOUR FAILED PROPHETS SQUARED-HEAD RETARDS who started the human devolution process. These four fucktards elevated greed to a metaphysical deity level, Greed-is-God. All meanings on life is now dictated by profits, mind you, not your profits, but corporate profits – a reversed revolutionary process, the debasing of human core dignity -- DEVOLUTION!
Karl Popper, Friedrich Hayek, Milton Friedman, and Ludwig von Mises ARE THE FOUR FAILED PROPHETS who started the human devolution process. All meaning in life is dictated by profits, mind you, not your profit, but corporate profits -- DEVOLUTION!
Milton Friedman was just about as OPPOSED to Corporatism (Crony Capitalism) and Fascism as a person can possibly be.
And it was not adherence to his principles that destroyed the economy, but VIOLATION of them. At every level, the interventionism and cronyism that caused the financial collapse were exactly the kind which Friedman OPPOSED HIS WHOLE LIFE.
Pull your head out of your ass and study what he taught before you attack the man with this bullshit.
@UncleIrv , no you should pull your head out of your ass and start to look closely at Milton Friedman's works on theory of interest rates and price stability which is clearly contradicting his "fee market" propaganda shits. Also, if he really believed in market force/correction he would not have gone to China at Reagan's behest to make deals with the Chinese Communist Party to open up Chinese slave labors for American corporations to bring US econ out of recession in 80s. HYPOCRITE&FAILED!
First, the only work Milton Friedman ever did in China was a few VERY BRIEF trips to promote FREE MARKETS. That's what he did EVERYWHERE! How is that hypocritical, you moron? And would you rather have China continue in totalitarian Communism?
Second, you are obvious full of shit and know NOTHING about "Milton Friedman's works on theory of interest rates and price stability."
Thirdly, like all leftist morons, you're unable to argue in anything but AD HOMINEMS.
@UncleIrv , no you fucktard, scum parasites of the human bowel are the shitty LIAR. "a few VERY BRIEF trips to promote FREE MARKETS" of you mum's shit-hole. First, let me remind you that China was a communist country, and Marxism is anti-capitalism and thus anti free market shits by definition. Secondly, China had fought two major (proxy) wars against the US in Nam and NKorea, you don't just walk into the communist party den to promote your fucktard ideologies with the commies. Fucktard!
@UncleIrv , the fucktard Friedman squared-head and Reagan b-grade Hollywood actor may fool scums like you, but they ain't fool any one who can think. Friedman and Reagan were literally begging the commies to help them supply cheap labors for the American consumer goods to keep US economy from collapsing during recession of the 80s. Reagan also made all kind of military deals with China to fight the cold war with USSR... Fucktard like you are talking with your head in your ass!
Chileans have become South America's richest people. They have the continent's lowest level of corruption, the lowest infant-mortality rate, and the lowest number of people living below the poverty line. This has all come about after Freidman's Free market reform. So the facts conflict with your naive left-wing delusions. Also, Friedman gave the same advice to everyone, to the chinese, the yugoslavs, the US etc. He said politically Pinochet's Chile was 'horrible' and 'despicable'.
Friedman was the multinational corporations front man, he did more to secure the global of wealth the top 10% than any other living person. The country has went downhill ever since he started his ministry of greed is good.
This video proves the creator has no idea what MIlton was trying to teach us. Or that he does and is twisting the facts to promote some ideology. When are you socialists going to relalise the fact that the rest of us don;t wat you to steal our money and try to control us.
HAHAHAHAHAH, the guy fighting Friedman's policies with non-facts is a Nazi. I love the way he says Rand had it in for the poor, and she hated them "because she was jewish scum." Believe what you like, the Soviet Union was threatening to violently overthrow and take control of the world, because the leaders at the top of this "communist" empire needed the world to make their "communism" work. In today's society, where information warfare is the only kind that matters, free enterprise is essential
My God ... wrong wrong wrong. Milton was dead against printing money. He seen it as a just another form of taxation. 35% of American property was sub-vented in one form or another from central government- certainly not something Milton would agree with. To think that the current problem was caused just of capitalism is just a stupid as blaming socialists for the downfall of eastern Europe in the 70's.
And when did MF ever advocate excessive military spending? The only case where I can ever recall him ever coming close to that is to say that American military spending ought to match USSR spending - this was during the arms race at the height of the cold war. If you can find me where he ever made advocated huge military spending, never mind huge military spending financed with debt, show me the qoute. But don't argue from the basis of your own assumptions.
@theDeckisStacked Argentina was the 9th wealthiest country in the world until it adopted a socialist regime... And I'll take capitalist Russia over socialist Russia any day...anyone would who is an opponent of torture, starvation, economic stagnancy, and human rights abuses. Thatcher's and Reagan's administrations were highly economically successful. Blaming a housing bubble caused by federal regulations 20 years after their governments on them is a little...what's the word... lie?
@darwinkilledgod Argentina did not adopt a socialist regime ever!!!! I'M FROM ARGENTINA. The worst crisis that we had was in 2001. Do you even know what kind of government we had since late seventies and mainly in nineties? we had pure reaganomics, no intervention.
@killallthewhiteman08 You need to study your own history. Peron was a socialist and nationalized universities, public utilities, transportation (including railways), banks, trade companies, healthcare, and social security. It didn't work so well...never does.
That you think there's no economic intervention in Argentina is baffling. I suspect you were lying about being from there. If not, just try to start a business and you'll see.
@darwinkilledgod No, Perón was no socialist, we had a mixed economy. Obviosly you are confusing terms and let me tell you, Perón government is considered one of the best by argentinian people. The worst case of government and corruption were ''libertarian'' (in the economic sense of the word) governments like carlos saul menem, or the de facto government ;)
I'm aware that Peron is well liked by the Argentinean people. Vlad the impaler is still well liked in Romania. FDR is well liked in the US even though he caused the Great Depression and imprisoned Japanese-Americans. It doesn't mean much to me.
The question is where did Argentina's standing go when he took over. And it went way down and has never recovered. Argentina is not neolibertarian! It has a 35% corporate tax rate.
@darwinkilledgod Argentina is not neoliberal now, that doesn't mean that i like the way my government handle things this days but i do believe it's way better nowaday after the 2001 crisis.
@darwinkilledgod Read stuff about the nineties in Argentina and stop being a squarehead, get your facts straight and understand the main causes of your brand new economic crisis. i mean, we had it before, and we know the consequences of neoliberalism. don't be a fundamentalist, be open to the evidence that capitalism and markets DO fail.
@killallthewhiteman08 Humans fail. The question is how to minimize failure. Do we allow free people to take their own risks, or put powerful people in charge of others who pay no price for being wrong? Capitalism is better than socialism. That's a small but important point.
@darwinkilledgod Maybe, but pure capitalism is self destructive. history has proven so. Im no fanatic, i believe that free market does not always work well and sometimes it leads to great social cost, so it's important democracy. economics is a social science, it's not about business and acumulation of wealth, it's about society.
@darwinkilledgod hahahah Im from Argentina but i can speak english (badly but i can) do you want to continue this conversation in spanish? ¿querés seguir esta conversación en español? estudio economía y estoy de acuerdo con la seguridad social, estudio en una universidad del estado pero también estudio mucho por mi cuenta y conozco a la escuela austriaca tanto como a las corrientes de pensamiento keynesianas. no soy ningún cerrado, ni fanático de nada, por eso estudio ciencia.
@darwinkilledgod Torture happened in capitalist Russia, capitalist Iraq under Bush, Chile while Pinochet took notes from Friedman and Reagan, and Nicaragua during the Iran Contra Scandal. Don't forget the CIA drugs wars. That alludes to entrapment. Don't also forget when Bush/Cheaney/Rove and the Fortune 500 decided to control the information broadcasted over the TV: Level _____Terror Alert. Go back to your Tea Party "Subversive."
@HoGraz Bad people are bad. What's your point? You can either tell the difference between free societies and tyrannical societies or you cannot. Either way, I see no point to you.
@darwinkilledgod We're talking countries too Bozo. What you said contradicts itself when shown next to the facts. You're aware of this, but ignore this. You think the people having any democratic say is not free? We lost Habeas Corpus under Bush taking us to before the Magna Carta. I think we're better off being hounded by the likes of you on how we're not free in a 'socialist society' whilst you support our rights being thrown away. You can have tyrannical governments on the Right or Left also.
@HoGraz America is not capitalist... it's corporatist.
Lobbying corperations getting favors from government to remove competition from the market. Thats a socialist policy combined with protectionism.
Torture happened in capitalist russia? Yes by government troops. Iraq, government troops.
Once in englenad people attacked the king for wanting to have a " standing army" It would be too dangerous and lead to the lose of freedom and birth of tyranny. ... and look where we are today..
@darwinkilledgod Ahymen brother/sister! This vid is a crock of dung! A free Capitalistic system in a republic like the US is the best system of gov there is by far. bar none! Evil is the issue! A moral people(aka:USA just after it's founding) A free people. The only problem is there would/could never be a truly free people in this world as there is always evil people around. The rate we're moving now it prob wont be long before it is all cleaned up though. God Bless, Walk in the light!
@theDeckisStacked Who ever said that they enjoyed paying taxes? No one has ever denied that they do not want to pay taxes. How can the social programs not be blamed? they are massive money holes. They make up more than 40% of the US budget, that is ridiculous. But it turns out the majority of Americans want these Social Programs, otherwise they would be gone. Government is extremely inefficient, so i would prefer to do the things that can be done privately to be done that way.
Have you ever read, watched, or listened to anything what so ever that Milton Friedman actually said? Or where you indoctrinated with sound clips and what other people said, he said?
Don't take my word for it, actually get off your butt and look. Heck you don't even have to leave this site to hear the man's opinion in his own words.
Only a retard would compare neo-liberalism with national-socialism. For your information national-socialism uses a marxist economy model you f*cking retard.
@theDeckisStacked Why should i be forced to pay into something with false promises of getting the same treatment? Why am I not trusted with my own retirement? Why does the government continue to believe it knows how to spend money well when we are in 14 Trillion dollars of debt? Any legislation passed by the government inherently limits our freedoms because any action the government takes requires funding (theft) from the American people.
@theDeckisStacked . Friedman never once advocated war, and im confused as to why you think the military is private. Iv read Atlas Shrugged and Ayn Rand's philosophies are completely different than Freedman's. You cant use someone elses beliefs to disprove another person. They may seem similar at face value, but Milton Friedman was a far more humane person than Ayn Rand. I personaly do not believe i should have to pay taxes for social security because it has already been proven to fail.
What BS.... Obviously the work of a Cultural Marxist or Fabian Socialist. You apparently haven't read Friedman's work and if you did you failed to comprehend any of it. Lame video and the music sucks too.
Most of you all have not read milton Friedman's works. Many of the things you say he supported he didn't. He didn't want to eliminate taxes on the wealthy or empower them. Just to treat them the same as anybody else. Most of these comments are off the cuff and uninformed.
@theDeckisStacked Your forgetting a main tenant of the argument Milton Friedman gives. I don't recalling him ever saying he wanted to subsidize anyone, anything, government, or especially any privately owned institutions . In fact, i know for a fact there's about 1000 videos on youtube that will tell you the exact opposite, from his own mouth.
This is a biggest collection of horseshit I have ever witnessed and I spent my childhood working on farms. Dr Friedman would have shit a full grown kitten at the QE's.
You are clearly uneducated when it comes to Milton Friedman and you have no business posting about him. He was strongly against printing money, he calling it a tax because it only leads to inflation. He was a capitalist, not a corporatist, who believed in the free market and not in government protecting businesses and he was against a bailout for chrysler 30 years ago. He is against corporate taxes because corporations are simply people employees, stockholders, and customers who pay the tax.
First, if there is such a thing as “free market” rationality, then the market would not need a “central bank” to set and control interest rates as Milton advocated in his interest rates theory. As a matter of fact, Ben Bernanke of the FED is using Milton’s interest rates theory to set interest rates at near zero as we speak.
@1990nrock Secondly, don’t blame the FED for printing too much money, because without FED fiat money, Milton’s theory of (an implied) central bank mechanism (you can’t set national interest rates without a central bank) would collapsed by the weight of US supersized GDP (not enough real money to go around), and the consumerism of US economy would be bankrupted by 1990 (hint you don’t enough money to pay China for the goods that you consumed.) Get real education, fucktard!
Most of the dolts on YouTube who attempt to take on Milton have not the minimum understanding of what the man said. It's like creationists who take on evolution: the have no background and haven't bothered to even study what evolution is, they just attack it with their infant like arguments that make 4th graders blush - the same is true here.
Let's see on one hand we have Friedman, Bastiat, Von Mises, Schumpeter, Pareto, Stigler, Walras, Bohm-Bawerk, etc., most of the best economists of all times. On the other hand we have wrtiers such as Marx, Lenine, Engels, Jaurès, Luxembourg, Bernstein,Plekhanov, Staline, etc., who are at best philosophers at worst who never did university degree; and who in all the cases are not economist at all. Let's choose who we will believe in economic matter. Seriously, do we really need to think about it?
@andyoupretendtoknow Marx, Lenin, Stalin? That's the best you can do when it comes to naming those who oppose your laissez faire garbage? What kind of a semi-literate nutjob are you? Everywhere Friedman's idiocy has been implemented you find massive inequality and corruption. What he would call 'utopia', I suppose.
@wuezili Just someone who has a degree in economy and another in law, with a doctorate in a third field; and who teaches in University. Schopenhauer in "Die Kunst, Recht zu behalten" wrote that when one sees that the other is wining the debate, the last strategty left is to insult him. Instead of derogatin yourself with such a strategy, I propose you to go to read these authors. What about starting with Enrico Barone (1908) who made the mathematical proof of failure of socialist planification?
@andyoupretendtoknow Schopenhauer also said it would be better if nothing existed. If he were alive, I'm sure he would feel that is doubly true for most of what you've said.
And which debate have I witnessed you winning? All I read was a ridiculous statement. And Friedman's belief concerning deregulation are certainly not winning any. Would you deny deregulation's culpability in bringing about this major recession?
@wuezili Just to make us laugh, can you tell us where in this world "Friedman's idiocy" has been really implemented? There is no country in this world which is not at least partly socialist. Then if you succeed, one can still dream, I will cite to you lot of econometrical datas showing that the more you put constraints on economic freedom or the less you protect private property, and the less capital, jobs and prosperity you have or the more corruption you have. Do we have a deal?
@wuezili About the major recession you mentioned, the pump which started the problem is the subprime crisis in United states. Where does it come from do you think? When you introduce rules forcing or incitating to loan money to those who have not solvency at all (go to see what is the reinvestment act), i.e. when you force the market to do what he does not do spontaneously, don't be surprised if the market makes after that a strong correction.
@wuezili Just to contradict you in few sentences about corruption: Where do you think you can have corruption? Where people are free to have an activity and to make trade how they want; or where there is a state with laws impeding them to have activity without authorization and thus forcing them to ask it to civil or public servants ? Isn't is obvious that the more you take from people the freedom to choose for themselves and put the choice in hands of others, the more you will have corruption?
@andyoupretendtoknow I'm leaving on a short holiday and need to get ready. But I did read your last statement.
Basically, what you've just said is that there will be no corruption if there are no laws defining corruption, and enforcing penalties. So, if we collectively decide that what is corrupt shall no longer be corrupt, then corruption has been defeated?
I suppose if we redefine a murder victim as "involuntarily deceased", then, you are correct, murder shall be no more.
@wuezili Basically what I said is that the more you have state control on economy with regulation, the more you will have public servants who will be in position to be corrupted because people will need to ask them autorization to run activity or behavior. There is basically a correlation between state power (expressed by some kind of regulations) and corruption. Nobody said that a change of representation in mind magically changes the reallity of the situation.
@wuezili You don't read well my sentences and make me say what I don't. To make a simple metaphor using stealth: I'm saying that the less theifs have power on you the less they can steal your property. You are then making me say that if we don't put laws punishing stealers there will be no robberies or shoplifting. Who said that? You just completely misunderstand what others say and make logically biased inferences from their sentences. Did you do the same with Friedman? Ceci explique cela....
@wuezili Listen boy, I have no time to loose with people reasoning like you do. If each sentence I say you turn it to mean what it do not, there will be no possiiblity of debate. I suggest you first to make some formal logic lessons to make correct inferences, then some economic degree to have some knowledge in the matter we discuss, and finally we will be able to have a discussion.
@wuezili Before you make Friedman (or me) say what he does not: Friedman is not against any regulation like anarchists are, neither me. If you think that Friedman does not want any regulation, just go to read him again. Did you even read it once?
@wuezili According to corruption, as we seem to first start form there, we first have to agree on what kind of regulation we are speaking about. If you speak about laws protecting private property and laws punishing corruption, I easy agree (as Friedman would) that this kind of regulation can have reduction effect on corruption and is benefitial.
@wuezili If you are speaking about state's spending and economy controlling, i.e. regulation corresponding to size of state's power on economy, I maintain my position.
Go for example to read Goel, R.K., & Nelson, M.A. (1998). Corruption and government size: A dissaggregated analysis. Public Choices, 97, 107-120.
Note, to avoid again wrong inference, that I'm not saying that other variables do not have an effect, as centralisation of power vs federal state, wages level of civil servants, etc.
@wuezili Now, this beeing said, what about the pretended positive effects of regulations on economic activity? Do you really think it has positive effects on the activity?
Maybe to start to believe the opposite read Stigler, G.J. (1975). Citizen and the state. Essays on regulation. Chicago: The University of Chicago Press.
(Note that he is one of the most important economists of the twenty century, also a nobel prize winner like Friedman).
During 2009 or 2010, the Obama administration launched a video contest, asking citizens to make videos about the benefits of government regulation. In other words, asking their core constituencies to volunteer to create government propaganda. (Apparently the organized efforts of left-leaning artists to promote Obama's agenda, often with government subsidies, weren't sufficient.)
I daresay that beneficial actions do not need propaganda.
you are all fools if you think friedman's ideas caused the financial crisis. He would have strongly been against the government subsidizing mortgages through Fannie and Freddie that caused the underlying demand for mortgage debt.
WOW, talk about re-writing history!! Friedman did NOT support bailouts, that's your "HERO" throwing money around. Notice your graft that shows the economy growing until all of a sudden it falls straight down? That's from the policy we have NOW! Before you make a video to educate people why don't you try to educate yourself on the subject you think your an expert in. Reading the Stalin diaries isn't a good source.
To the person who did this video, you are an idiot. You have no idea what free market capitalism is all about and no understanding of Milton Friedman and his ideas. Free market capitalism is not the same as corporatism. You need to have a read of my website and learn something. libertyeverafter [dot] com
Whoever made this video is showing us how little he/she understands about MF´s ideas. Oh and btw, social democrats like Hitler are NOT neoliberal you ignorant piece of shit!
monetary market systems cause more poverty -more mass strarvation -more death - more corruption -more wars and more repression than any social economic system around - what we need is a system based on resources and technology that gives abundance to all - why should people starve to death or die of curable disease when the resources and technology exist to prevent it
@MrIzzyDizzy I am sure you have a good heart, but you have it all wrong. You need to have a read of my website, there is a lot of good information and videos. libertyeverafter [dot] com
@MrIzzyDizzy if you live there, i hope you evacuate America because it is in trouble. You are surrounded by capitalists! I mean you are on a computer created by a capitalist selling a product that advanced the quality of life for the world. Due to the fact that America is founded on democracy and free markets and you have proved America wrong, get out while you can, because America is the most poor country in the world!?
@MultiJabberwocky there s no correlation between freedom and freemarkets - there is no democracy anywhere in the world - only republics and worse. the monetary/market paradigm was useful but now like all ponzie schemes is unsupportable - to equate prosperity to either freemarkets or democracy is absurd - prosperity has increased due to the discovery of cheap fossil fuels and the advancement of science. i am guilty of some nationalistic beliefs but i also know patriotism is a disease -einstien
I got to say, this was a stupid video, but the sad thing is it really does all the ignorant know-it-alls (see below and above) a huge disservice in that it reinforces their false assumptions about Friedman, who was a wolf in sheep's clothing. FA Hayek actually called MF a socialist!
The image for "neoliberalism" that leads this clip off tries to associate Milton Friedman with the most notorious socialist of the 20th century. The next claim is that Milton Friedman advocated federal subsidies for housing - the exact opposite to everything he has ever advised. Then we are subjected to a series of images branding President Bush as a war criminal, lunatic, etc.
It's all based on visceral images. No rational arguments are proposed. How very socialist.
What's really interesting is that you can look up Milton Friedman on youtube and see a hundred videos of him making arguments, using facts, replying to criticism, etc. But when you look at videos attacking Friedman you see nothing but mindless cliches and promises that someone else somewhere produced arguments that beat his. Well what are they?
The sad part is this slideshow is pretty truthful of the legacy of Neoliberalism, but with the increasing individualism and embedded "free market commonsense" that is rampant these days, we will probably see a nastier crises of accumulation soon....
You convinced me.. milton friedman is a madman.. we should all share our wealth and thereby create more wealth because sharing by the barrel of a gun makes all the sense in the world. Forget the fact that monopoly only exist with state protectionism, that too big to fail can only exist with state intervention..
Forget facts..... in general!
Forget facts, and lets all think as subjectivist emotional beeings, that whatever sounds good is also right and take logic and bin it!
Did you really spend time on this garbage? Failed Prophet?...Oh contrair mofrair, when the US dollar fails due to socialist gov't policies, over regulation, constant war, and taxes that are too high and unconstitutional. I will sit back and say "Ol' Milton was right, what a shame, if the gov't would have taught economics maybe the idiots that vote and perhaps congress would have listened to Ron Paul or Uncle Milton. Now its too late and we have the Fascist NWO...and we are Not Free To Chose.
@WSWarthog actually, Ben Bernanke himself credited his money printing ideas to Friedman. And you know that whole "helicopter" quote from Bernanke? Yeah, that was taken from Friedman too. I used to think MF was a good guy too, but then I educated myself. Look up what Rothbard had to say about him.
Are you kidding? MF himself warned that inflationary policies would lead to economic harm, he explains so in the episode about the Great Depression in Free to Choose. Where did he ever say anything in support of BB's ideas?
@WSWarthog I said Bernanke credits Friedman for his monetary policies, he said it to Ron Paul, look it up. And read what Murray Rothbard has to say about the guy. Actually, I just remembered, MF did say, to Charlie Rose, that both Greenspan and Bernanke are "good men", and the "best for the job". Look it up.
"I said Bernanke credits Friedman for his monetary policies"
I know what video you're talking about and BB says "And economists of all stripes, including Milton Friedman and others, agree that using monetary policy, monetary policy can be a useful tool to try and create growth and stability. " This is not the same thing as "Milton Friedman told me to do it". And Milton Friedman in that interview with Charlie Rose also stated that we shouldn't have a system that depends on how good
Ack...ignorance on parade =/
TheBalancedAmerican 3 weeks ago
You must be a troll. Nobody is this ignorant and stupid.
rocknrollguru23 3 weeks ago
He called a finacial crisis 30 years ago! A big one and he predicted that those in power would soothsayer it over instead of letting corrections occur! No wonder you don't Allow ratings, you must have realized how stupid this video was post-release.
skydome29 1 month ago
You are highly misinformed. Get your intel right to stop embarrassing yourself and falsely ridiculing another.
casmeistercl 1 month ago
This has been flagged as spam show
The "trickle-down" Theory: The principle that the poor, who must subsist on table scraps dropped by the rich, can best be served by giving the rich bigger meals.
JoshMan522 1 month ago
Huh ?
To author of this video: Sorry for being so straightforward but ... are you nuts ?
If not and you mean it as a joke then I do not consider it funny.
Misinterpretations and lack of knowledge of history plus few other things is a poor side of nowadays children and youth.
VesperLynd82 1 month ago
Godwin's law is proved in record time; comparing Friedman and neoliberalism to Hitler! Hitler was a socialist. He despised the free market. Can you name a fascist who believes in individual liberty and free market economics? If you can I'll show you a green dog.
In both America and Britain, public spending has risen inexorably, including through the so called free market 80's. Reagan massively increased debt and deficits. Despite all this spending, inequality increased.
Bastiat90 1 month ago
Are there two Milton Friedman's?
Obviously who ever posted this has been watching the other one.
Why is it, some people spend their whole lives missing the point?
Does the guy who posted this spend his time wondering why his clothes come out of the washing machine cleaner than when he put them in?
canisfamilliaris 2 months ago 4
Dude how can a sociologist have any idea about economics? It's like me saying I think Quantum Mechanics is wrong without showing any maths. And why is hilter there? He was a Nazi (short for Nationalist Socialist Workers Party) i.e. wants a large dictatorial state. Liberalism want minimum dictatorial powers/minimum state.
Secondly consumerism and capitalism is not the same thing! Read some austrian economics. Friedman promoted production, not consumption.
lavrentievv 2 months ago
Wow !!!!!! you obviously don't know anything about sound economics nor about milton friedman message ! A reel free market is the only answer to are problem, the cause on the oder hand is the failing of socialism. Therefor more socialism is not the answer !!!! Do yourself a favour and recherche austrian economics and you'll see the world situation much better!!
Zokshao31 2 months ago 2
This is a bullshit video, absolute fabricated crap.
bosshoggett 2 months ago 2
Umm...nice pictures...?
RyanOlaguer 2 months ago
You've probably disabled ratings because you knew you're gonna get a lightsaber up your a**.
LibertyProjectIL 2 months ago
Flawed movie with no argument what so ever.
HocVolueruntNL 2 months ago
Move to Cuba, dude
matildaz 2 months ago
This video is inaccurate. Class warfare is the spark of socialism and communism. Why are Americans so quick to turn a cheek on Capitalism, we haven't even had it, truly, in most of our lifetimes. Yes there is a handful of people taking advantage and getting privileges from the system... but who's to blame? The government for having the power OVER the market, the Fed having power over our currency rates-- strangling healthy free-market competition.... and inflating our currency.
GoldYrs 3 months ago
@GoldYrs
Unprovable rubbish. Allways the same with you free market obsessives as it's allways the gubinment. Do you lot EVER admit to a private firm making a mistake? The market rules itself and as you know it's lack of oversight that caused the crash. But then you are probably a lobbyist fake bot account.
alfienoaks 3 months ago 3
@alfienoaks what is unprovable exactly? Free-Markets? The Fed devaluing your currency... stealing from fixed income people.. The market does rule itself... but the people rule the market--- Because competition rules the marketplace... even pay rates. Lack of oversight?? There was too much oversight... the crisis of 2008 wouldn't of happened if normal market policy continued without government backed mortgage loans by Fannie and Freddie... Not lack of "oversight"
GoldYrs 3 months ago
@GoldYrs
Unprovable that it's only the government at fault. Surely you mst admit private firms are responsible for some of this. The disturbing argument put forward seemingly is that if the government is imperfect it's ok i firms get all fraudulent as we have the gubinment to blame. Why can't capitalism obsessives take some responsibility for things. You use the government as cheap cover all excuse for the worlds ills.
alfienoaks 2 months ago
@alfienoaks " Surely you mst admit private firms are responsible for some of this. "
Maybe so, but it;s the monitary system put on the entire market that made the housing bubble and the boom and bust cycles the past few years.
High inflation is governments failt, combine that with the banking business also government regulated and supported that made the houding bubble that burst possible. With a free currency and no bail-out possibility, banks would think twice.
HocVolueruntNL 2 months ago
@HocVolueruntNL Exactly! People do not seem to understand if Government did not guaranty payment of GSE securities we would not be in this mess.
Xantheus07 2 months ago
@alfienoaks Yes private firms make mistakes... but in a free market system... TRUE free markets equal private losses and private gains... not private gains and public losses... like what we see with the bailouts now. Come on, this can't persist. Im on the side of freedom and you are trying to belittle a different opinion that happens to make you defend your own shallow beliefs... you probably think all rich people are evil.
GoldYrs 3 months ago
@GoldYrs
Belittle? your words. My shallow beliefs? well of couurse if you can't win an argument or convince others there is allways cheap insult to fall back on.
alfienoaks 2 months ago
Does anyone know who did the music to this? Sounds interesting.
nivekvb 3 months ago
The neo-liberals and their conservative backers are the greedy scum of the world. And guess what? They were useless at economics too. The ruling elite just went on a rampage looting the world and called it capitalism.
But when the banking system collapsed, who was first there for the handout? Yes, a nanny state for the rich, where they live in opulance payed for by the rest of us. But that's what conservatives believe in, give me all the money, and fuck all the rest of you!
nivekvb 3 months ago 4
Friedman is the best economist ever !!!
Sixb0nes1 3 months ago
This is what a propaganda video looks like.
locks4002 3 months ago
This video is a troll
SuperDelderfield 3 months ago
>Ratings have been disabled for this video.
lol i wonder why?
NeonShadowsx 4 months ago
This video is laughable. The cause of the economic collapse of 2008 was poor fiscal policy by the government at the Federal Reserve. They kept money too cheap for too long. Milton Friedman warned us about this.
blackshep01 4 months ago 3
@blackshep01 100% right
ripcord420 3 months ago
I suppose you believe that government regulators have magical powers that will bring an end to greed. All we have to do is elect someone who will take the ill-gotten wealth of the greedy and give it to the needy? I've heard that line before. You don't think that left wing politicians can be corrupt and greedy? Where's your evidence to support the notion that the opposite of Milton Friedman's beliefs (which you clearly misunderstand) will bring about universal affluence and an end to greed?
jadedmastermind 4 months ago
You're seriously suggesting Friedman supported cronyism and inflated asset prices? You've obviously never read his work...
manicbranic 4 months ago 24
Clearly you are ignorant of the works of Milton Friedman. I suggest you read "Free to Choose". It's a good start. Sadly, I beleive you would support M.F. 100% if you were knowledgable of his positions, but you fight it without knowing, leading to your own demise.
mrfancyboy1 4 months ago 10
Wow, this is total BS propoganda. Everything on this video is the exact opposite of what Milton Friedman believed and fought for.
groam6666 4 months ago 5
You are not being intellectually honest by making this video. If you expect people to believe you, you should support your positions with evidence. Instead, you fling baseless accusations.
jdgerhardt 4 months ago 3
This video seems to be just a random collection of phrases and pictures. It is obvious you have never read anything that Friedman ever wrote or understand even the basics of what he talks about. Is it possible this video is a joke? Yes. It must be a joke.
MartinHouser 4 months ago 4
Except than the fact that government involvement in the economy, not it's leaving it alone CAUSED the crisis.
Friedman NEVER advocated for government welfare for corporations.
Your are either completely ignorant of Friedman, or completely dishonest.
There is no middle ground. Although, they could both be true.
mpc91 4 months ago
A video with such a pointed title should have an argument to go with it. Dramatic music has never won a debate.
ocdreamin 4 months ago 3
like/dislike bar is lookin like a
Light Sabre
gimmethedetails 4 months ago
To think that Milton Friedman was a supporter of the free-market is fucking silly. Milton Friedman was a Monetarist who favored a fiat currency. In fact, in 1968, Milton Friedman said that the only thing keeping Gold at $36 an ounce was the dollar, and if Gold were to be cut from the monetary system entirely, Gold would drop to 6 - $10 an ounce.
History proved him wrong.
TheManiacalSatanist6 4 months ago
I like the music and the creative slideshow comparing Friedman to nazis. Very revealing.
htiberian 4 months ago
This is one of the most ignorant videos I have ever seen. Almost every slide was incorrect. Hitler was not a liberal, he was an authoritarian. Friedman’s policies had nothing to do with the crash because his theories were not implemented at the time. You portray for the next couple of slide corporatism, something Friedman was against. Housing crisis was due to government. Friedman disagreed with the printing of money. Wealth gap increasing due to govt. regulation. He opposed bailout concept.
445CR 4 months ago 3
Friedman's teachings and reputation are strengthened by the current economic crisis. The collapse was not the result of failed free market policies, but government intervention in markets. The government urged the private sector to give loans to people who couldn't handle them because it would be "fair." More like disasterous!
igystrvigy 5 months ago
@chapsroc Man... you're a dick. Entertaining though.
From my recent introduction to this Friedman, my understanding is freed man... not some printed illusion of value so easily siphoned away.
NZDuriahheap 5 months ago
@chapsroc, and what do u think is happening now?? Ur jobs going over seas! Paid and iphones made in foxcons slave labor camps. Ur blind
paredox559 5 months ago
Milton freedman states " we are not in a true free market"- ur an idiot!
paredox559 5 months ago
Wow, you clearly have never listened to Milton Friedman speak...or if you did, you did so with biased ears.
munkyusm 5 months ago
Milton Friedman was not a prophet. You lost me at "hello."
voodooshizzle 5 months ago
Friedman was an extremist. A peaceful economy requires a balance of freedoms and regulations. Greed has to be limited, or else it destroys. Poverty needs to be limited too. Even a pig farmer knows that the little pigs need protection from the big pigs.
1971SuperLead 5 months ago
@UncleIrv , perhaps you should go back to your parasitic abode which is deep in the human guts and eat your capitalism-shit-eating-Godtard bile. "free market" my ass!
chapsroc 5 months ago
Karl Popper, Friedrich Hayek, Milton Friedman, and Ludwig von Mises ARE THE FOUR FAILED PROPHETS SQUARED-HEAD RETARDS who started the human devolution process. These four fucktards elevated greed to a metaphysical deity level, Greed-is-God. All meanings on life is now dictated by profits, mind you, not your profits, but corporate profits – a reversed revolutionary process, the debasing of human core dignity -- DEVOLUTION!
chapsroc 5 months ago
Karl Popper, Friedrich Hayek, Milton Friedman, and Ludwig von Mises ARE THE FOUR FAILED PROPHETS who started the human devolution process. All meaning in life is dictated by profits, mind you, not your profit, but corporate profits -- DEVOLUTION!
chapsroc 5 months ago
You are a complete and total LIAR.
Milton Friedman was just about as OPPOSED to Corporatism (Crony Capitalism) and Fascism as a person can possibly be.
And it was not adherence to his principles that destroyed the economy, but VIOLATION of them. At every level, the interventionism and cronyism that caused the financial collapse were exactly the kind which Friedman OPPOSED HIS WHOLE LIFE.
Pull your head out of your ass and study what he taught before you attack the man with this bullshit.
UncleIrv 5 months ago
@UncleIrv , no you should pull your head out of your ass and start to look closely at Milton Friedman's works on theory of interest rates and price stability which is clearly contradicting his "fee market" propaganda shits. Also, if he really believed in market force/correction he would not have gone to China at Reagan's behest to make deals with the Chinese Communist Party to open up Chinese slave labors for American corporations to bring US econ out of recession in 80s. HYPOCRITE&FAILED!
chapsroc 5 months ago
@chapsroc
You are a damned liar.
First, the only work Milton Friedman ever did in China was a few VERY BRIEF trips to promote FREE MARKETS. That's what he did EVERYWHERE! How is that hypocritical, you moron? And would you rather have China continue in totalitarian Communism?
Second, you are obvious full of shit and know NOTHING about "Milton Friedman's works on theory of interest rates and price stability."
Thirdly, like all leftist morons, you're unable to argue in anything but AD HOMINEMS.
UncleIrv 5 months ago
@UncleIrv , no you fucktard, scum parasites of the human bowel are the shitty LIAR. "a few VERY BRIEF trips to promote FREE MARKETS" of you mum's shit-hole. First, let me remind you that China was a communist country, and Marxism is anti-capitalism and thus anti free market shits by definition. Secondly, China had fought two major (proxy) wars against the US in Nam and NKorea, you don't just walk into the communist party den to promote your fucktard ideologies with the commies. Fucktard!
chapsroc 5 months ago
@UncleIrv , the fucktard Friedman squared-head and Reagan b-grade Hollywood actor may fool scums like you, but they ain't fool any one who can think. Friedman and Reagan were literally begging the commies to help them supply cheap labors for the American consumer goods to keep US economy from collapsing during recession of the 80s. Reagan also made all kind of military deals with China to fight the cold war with USSR... Fucktard like you are talking with your head in your ass!
chapsroc 5 months ago
Chileans have become South America's richest people. They have the continent's lowest level of corruption, the lowest infant-mortality rate, and the lowest number of people living below the poverty line. This has all come about after Freidman's Free market reform. So the facts conflict with your naive left-wing delusions. Also, Friedman gave the same advice to everyone, to the chinese, the yugoslavs, the US etc. He said politically Pinochet's Chile was 'horrible' and 'despicable'.
spader49 5 months ago
Total FAIL posting. This video was approved by the Obama admin.
deathtrapdeath 5 months ago
Friedman was the multinational corporations front man, he did more to secure the global of wealth the top 10% than any other living person. The country has went downhill ever since he started his ministry of greed is good.
louiethegreater 5 months ago
This video proves the creator has no idea what MIlton was trying to teach us. Or that he does and is twisting the facts to promote some ideology. When are you socialists going to relalise the fact that the rest of us don;t wat you to steal our money and try to control us.
hellacool75 5 months ago
Failed? Everything he predicted as a result of government intervention has come to pass..dumb-ass.
Socialism is what is destroying the world.
HowHighRYa 6 months ago 48
the point behind this is true. Friedmans ideal world of greed and "free market" is what is destroying the universe.
LTACS 6 months ago
HAHAHAHAHAH, the guy fighting Friedman's policies with non-facts is a Nazi. I love the way he says Rand had it in for the poor, and she hated them "because she was jewish scum." Believe what you like, the Soviet Union was threatening to violently overthrow and take control of the world, because the leaders at the top of this "communist" empire needed the world to make their "communism" work. In today's society, where information warfare is the only kind that matters, free enterprise is essential
Robja1982 6 months ago
This video is just a hit piece. It has no value.
jscottupton 6 months ago
Bwahah, yes.. Milton Friedman ran up the U.S. debt, it's all his fault!! You make perfect sense, too bad this isn't lala-land.
zdrux 6 months ago
My God ... wrong wrong wrong. Milton was dead against printing money. He seen it as a just another form of taxation. 35% of American property was sub-vented in one form or another from central government- certainly not something Milton would agree with. To think that the current problem was caused just of capitalism is just a stupid as blaming socialists for the downfall of eastern Europe in the 70's.
AccountLinked 6 months ago
@theDeckisStacked
And when did MF ever advocate excessive military spending? The only case where I can ever recall him ever coming close to that is to say that American military spending ought to match USSR spending - this was during the arms race at the height of the cold war. If you can find me where he ever made advocated huge military spending, never mind huge military spending financed with debt, show me the qoute. But don't argue from the basis of your own assumptions.
WSWarthog 6 months ago
@theDeckisStacked Argentina was the 9th wealthiest country in the world until it adopted a socialist regime... And I'll take capitalist Russia over socialist Russia any day...anyone would who is an opponent of torture, starvation, economic stagnancy, and human rights abuses. Thatcher's and Reagan's administrations were highly economically successful. Blaming a housing bubble caused by federal regulations 20 years after their governments on them is a little...what's the word... lie?
darwinkilledgod 6 months ago 43
@darwinkilledgod Argentina did not adopt a socialist regime ever!!!! I'M FROM ARGENTINA. The worst crisis that we had was in 2001. Do you even know what kind of government we had since late seventies and mainly in nineties? we had pure reaganomics, no intervention.
killallthewhiteman08 5 months ago
@killallthewhiteman08 You need to study your own history. Peron was a socialist and nationalized universities, public utilities, transportation (including railways), banks, trade companies, healthcare, and social security. It didn't work so well...never does.
That you think there's no economic intervention in Argentina is baffling. I suspect you were lying about being from there. If not, just try to start a business and you'll see.
darwinkilledgod 5 months ago
@darwinkilledgod No, Perón was no socialist, we had a mixed economy. Obviosly you are confusing terms and let me tell you, Perón government is considered one of the best by argentinian people. The worst case of government and corruption were ''libertarian'' (in the economic sense of the word) governments like carlos saul menem, or the de facto government ;)
killallthewhiteman08 5 months ago
I'm aware that Peron is well liked by the Argentinean people. Vlad the impaler is still well liked in Romania. FDR is well liked in the US even though he caused the Great Depression and imprisoned Japanese-Americans. It doesn't mean much to me.
The question is where did Argentina's standing go when he took over. And it went way down and has never recovered. Argentina is not neolibertarian! It has a 35% corporate tax rate.
darwinkilledgod 5 months ago
@darwinkilledgod Argentina is not neoliberal now, that doesn't mean that i like the way my government handle things this days but i do believe it's way better nowaday after the 2001 crisis.
killallthewhiteman08 5 months ago
@darwinkilledgod Read stuff about the nineties in Argentina and stop being a squarehead, get your facts straight and understand the main causes of your brand new economic crisis. i mean, we had it before, and we know the consequences of neoliberalism. don't be a fundamentalist, be open to the evidence that capitalism and markets DO fail.
killallthewhiteman08 5 months ago
@killallthewhiteman08 Humans fail. The question is how to minimize failure. Do we allow free people to take their own risks, or put powerful people in charge of others who pay no price for being wrong? Capitalism is better than socialism. That's a small but important point.
darwinkilledgod 5 months ago
@darwinkilledgod Maybe, but pure capitalism is self destructive. history has proven so. Im no fanatic, i believe that free market does not always work well and sometimes it leads to great social cost, so it's important democracy. economics is a social science, it's not about business and acumulation of wealth, it's about society.
killallthewhiteman08 5 months ago
@darwinkilledgod hahahah Im from Argentina but i can speak english (badly but i can) do you want to continue this conversation in spanish? ¿querés seguir esta conversación en español? estudio economía y estoy de acuerdo con la seguridad social, estudio en una universidad del estado pero también estudio mucho por mi cuenta y conozco a la escuela austriaca tanto como a las corrientes de pensamiento keynesianas. no soy ningún cerrado, ni fanático de nada, por eso estudio ciencia.
killallthewhiteman08 5 months ago
@darwinkilledgod Torture happened in capitalist Russia, capitalist Iraq under Bush, Chile while Pinochet took notes from Friedman and Reagan, and Nicaragua during the Iran Contra Scandal. Don't forget the CIA drugs wars. That alludes to entrapment. Don't also forget when Bush/Cheaney/Rove and the Fortune 500 decided to control the information broadcasted over the TV: Level _____Terror Alert. Go back to your Tea Party "Subversive."
HoGraz 3 months ago
@HoGraz Bad people are bad. What's your point? You can either tell the difference between free societies and tyrannical societies or you cannot. Either way, I see no point to you.
darwinkilledgod 3 months ago
@darwinkilledgod We're talking countries too Bozo. What you said contradicts itself when shown next to the facts. You're aware of this, but ignore this. You think the people having any democratic say is not free? We lost Habeas Corpus under Bush taking us to before the Magna Carta. I think we're better off being hounded by the likes of you on how we're not free in a 'socialist society' whilst you support our rights being thrown away. You can have tyrannical governments on the Right or Left also.
HoGraz 3 months ago
@HoGraz America is not capitalist... it's corporatist.
Lobbying corperations getting favors from government to remove competition from the market. Thats a socialist policy combined with protectionism.
Torture happened in capitalist russia? Yes by government troops. Iraq, government troops.
Once in englenad people attacked the king for wanting to have a " standing army" It would be too dangerous and lead to the lose of freedom and birth of tyranny. ... and look where we are today..
HocVolueruntNL 2 months ago
@darwinkilledgod Ahymen brother/sister! This vid is a crock of dung! A free Capitalistic system in a republic like the US is the best system of gov there is by far. bar none! Evil is the issue! A moral people(aka:USA just after it's founding) A free people. The only problem is there would/could never be a truly free people in this world as there is always evil people around. The rate we're moving now it prob wont be long before it is all cleaned up though. God Bless, Walk in the light!
tkd4zgqg 2 months ago
@theDeckisStacked
Cutting taxes is not the same thing as printing money, nor is military spending.
WSWarthog 6 months ago
@theDeckisStacked Who ever said that they enjoyed paying taxes? No one has ever denied that they do not want to pay taxes. How can the social programs not be blamed? they are massive money holes. They make up more than 40% of the US budget, that is ridiculous. But it turns out the majority of Americans want these Social Programs, otherwise they would be gone. Government is extremely inefficient, so i would prefer to do the things that can be done privately to be done that way.
xanderbro92 6 months ago
Have you ever read, watched, or listened to anything what so ever that Milton Friedman actually said? Or where you indoctrinated with sound clips and what other people said, he said?
Don't take my word for it, actually get off your butt and look. Heck you don't even have to leave this site to hear the man's opinion in his own words.
mishap00 7 months ago
Only a retard would compare neo-liberalism with national-socialism. For your information national-socialism uses a marxist economy model you f*cking retard.
seppsters 7 months ago
@theDeckisStacked Therefore: the larger the government is, the less freedom we have.
xanderbro92 7 months ago
@theDeckisStacked Why should i be forced to pay into something with false promises of getting the same treatment? Why am I not trusted with my own retirement? Why does the government continue to believe it knows how to spend money well when we are in 14 Trillion dollars of debt? Any legislation passed by the government inherently limits our freedoms because any action the government takes requires funding (theft) from the American people.
xanderbro92 7 months ago
@theDeckisStacked . Friedman never once advocated war, and im confused as to why you think the military is private. Iv read Atlas Shrugged and Ayn Rand's philosophies are completely different than Freedman's. You cant use someone elses beliefs to disprove another person. They may seem similar at face value, but Milton Friedman was a far more humane person than Ayn Rand. I personaly do not believe i should have to pay taxes for social security because it has already been proven to fail.
xanderbro92 7 months ago
apperently there are 44 people that have absolute no idea what kind of nonesence this video is
Andreasking 7 months ago
What BS.... Obviously the work of a Cultural Marxist or Fabian Socialist. You apparently haven't read Friedman's work and if you did you failed to comprehend any of it. Lame video and the music sucks too.
Sidewinder747 7 months ago
Most of you all have not read milton Friedman's works. Many of the things you say he supported he didn't. He didn't want to eliminate taxes on the wealthy or empower them. Just to treat them the same as anybody else. Most of these comments are off the cuff and uninformed.
mysqlfetch 7 months ago
@theDeckisStacked Umm... why would he do that?
xanderbro92 7 months ago
@theDeckisStacked Your forgetting a main tenant of the argument Milton Friedman gives. I don't recalling him ever saying he wanted to subsidize anyone, anything, government, or especially any privately owned institutions . In fact, i know for a fact there's about 1000 videos on youtube that will tell you the exact opposite, from his own mouth.
xanderbro92 7 months ago
there is not one fact that links anything that milton friedman ever said to any of the catastrophic events depicted. this is crap.
yofed2 7 months ago
2:17 LMAO!!! Oh so true!
TopSecret25 7 months ago
This is a biggest collection of horseshit I have ever witnessed and I spent my childhood working on farms. Dr Friedman would have shit a full grown kitten at the QE's.
You sir, are a Dumbass.
TheAbbott88 7 months ago
You are clearly uneducated when it comes to Milton Friedman and you have no business posting about him. He was strongly against printing money, he calling it a tax because it only leads to inflation. He was a capitalist, not a corporatist, who believed in the free market and not in government protecting businesses and he was against a bailout for chrysler 30 years ago. He is against corporate taxes because corporations are simply people employees, stockholders, and customers who pay the tax.
1990nrock 7 months ago 41
@1990nrock , bullshits!
First, if there is such a thing as “free market” rationality, then the market would not need a “central bank” to set and control interest rates as Milton advocated in his interest rates theory. As a matter of fact, Ben Bernanke of the FED is using Milton’s interest rates theory to set interest rates at near zero as we speak.
chapsroc 5 months ago
@1990nrock Secondly, don’t blame the FED for printing too much money, because without FED fiat money, Milton’s theory of (an implied) central bank mechanism (you can’t set national interest rates without a central bank) would collapsed by the weight of US supersized GDP (not enough real money to go around), and the consumerism of US economy would be bankrupted by 1990 (hint you don’t enough money to pay China for the goods that you consumed.) Get real education, fucktard!
chapsroc 5 months ago
This video is so absurd it's kind of funny. I'd be interested so see the kool-aid the creator of this video is drinking.
danmengel2 7 months ago
Most of the dolts on YouTube who attempt to take on Milton have not the minimum understanding of what the man said. It's like creationists who take on evolution: the have no background and haven't bothered to even study what evolution is, they just attack it with their infant like arguments that make 4th graders blush - the same is true here.
spec24 8 months ago
Let's see on one hand we have Friedman, Bastiat, Von Mises, Schumpeter, Pareto, Stigler, Walras, Bohm-Bawerk, etc., most of the best economists of all times. On the other hand we have wrtiers such as Marx, Lenine, Engels, Jaurès, Luxembourg, Bernstein,Plekhanov, Staline, etc., who are at best philosophers at worst who never did university degree; and who in all the cases are not economist at all. Let's choose who we will believe in economic matter. Seriously, do we really need to think about it?
andyoupretendtoknow 8 months ago
@andyoupretendtoknow Marx, Lenin, Stalin? That's the best you can do when it comes to naming those who oppose your laissez faire garbage? What kind of a semi-literate nutjob are you? Everywhere Friedman's idiocy has been implemented you find massive inequality and corruption. What he would call 'utopia', I suppose.
wuezili 7 months ago
@wuezili Just someone who has a degree in economy and another in law, with a doctorate in a third field; and who teaches in University. Schopenhauer in "Die Kunst, Recht zu behalten" wrote that when one sees that the other is wining the debate, the last strategty left is to insult him. Instead of derogatin yourself with such a strategy, I propose you to go to read these authors. What about starting with Enrico Barone (1908) who made the mathematical proof of failure of socialist planification?
andyoupretendtoknow 7 months ago
@andyoupretendtoknow Schopenhauer also said it would be better if nothing existed. If he were alive, I'm sure he would feel that is doubly true for most of what you've said.
And which debate have I witnessed you winning? All I read was a ridiculous statement. And Friedman's belief concerning deregulation are certainly not winning any. Would you deny deregulation's culpability in bringing about this major recession?
wuezili 7 months ago
@wuezili Just to make us laugh, can you tell us where in this world "Friedman's idiocy" has been really implemented? There is no country in this world which is not at least partly socialist. Then if you succeed, one can still dream, I will cite to you lot of econometrical datas showing that the more you put constraints on economic freedom or the less you protect private property, and the less capital, jobs and prosperity you have or the more corruption you have. Do we have a deal?
andyoupretendtoknow 7 months ago
@andyoupretendtoknow I accept your challenge. When I have more time, later this week, we can begin.
wuezili 7 months ago
@wuezili About the major recession you mentioned, the pump which started the problem is the subprime crisis in United states. Where does it come from do you think? When you introduce rules forcing or incitating to loan money to those who have not solvency at all (go to see what is the reinvestment act), i.e. when you force the market to do what he does not do spontaneously, don't be surprised if the market makes after that a strong correction.
andyoupretendtoknow 7 months ago
@wuezili Just to contradict you in few sentences about corruption: Where do you think you can have corruption? Where people are free to have an activity and to make trade how they want; or where there is a state with laws impeding them to have activity without authorization and thus forcing them to ask it to civil or public servants ? Isn't is obvious that the more you take from people the freedom to choose for themselves and put the choice in hands of others, the more you will have corruption?
andyoupretendtoknow 7 months ago
@andyoupretendtoknow I'm leaving on a short holiday and need to get ready. But I did read your last statement.
Basically, what you've just said is that there will be no corruption if there are no laws defining corruption, and enforcing penalties. So, if we collectively decide that what is corrupt shall no longer be corrupt, then corruption has been defeated?
I suppose if we redefine a murder victim as "involuntarily deceased", then, you are correct, murder shall be no more.
wuezili 7 months ago
@wuezili Basically what I said is that the more you have state control on economy with regulation, the more you will have public servants who will be in position to be corrupted because people will need to ask them autorization to run activity or behavior. There is basically a correlation between state power (expressed by some kind of regulations) and corruption. Nobody said that a change of representation in mind magically changes the reallity of the situation.
andyoupretendtoknow 7 months ago
@wuezili You don't read well my sentences and make me say what I don't. To make a simple metaphor using stealth: I'm saying that the less theifs have power on you the less they can steal your property. You are then making me say that if we don't put laws punishing stealers there will be no robberies or shoplifting. Who said that? You just completely misunderstand what others say and make logically biased inferences from their sentences. Did you do the same with Friedman? Ceci explique cela....
andyoupretendtoknow 7 months ago
@wuezili Listen boy, I have no time to loose with people reasoning like you do. If each sentence I say you turn it to mean what it do not, there will be no possiiblity of debate. I suggest you first to make some formal logic lessons to make correct inferences, then some economic degree to have some knowledge in the matter we discuss, and finally we will be able to have a discussion.
andyoupretendtoknow 7 months ago
@wuezili Before you make Friedman (or me) say what he does not: Friedman is not against any regulation like anarchists are, neither me. If you think that Friedman does not want any regulation, just go to read him again. Did you even read it once?
andyoupretendtoknow 7 months ago
@wuezili According to corruption, as we seem to first start form there, we first have to agree on what kind of regulation we are speaking about. If you speak about laws protecting private property and laws punishing corruption, I easy agree (as Friedman would) that this kind of regulation can have reduction effect on corruption and is benefitial.
andyoupretendtoknow 7 months ago
@wuezili If you are speaking about state's spending and economy controlling, i.e. regulation corresponding to size of state's power on economy, I maintain my position.
Go for example to read Goel, R.K., & Nelson, M.A. (1998). Corruption and government size: A dissaggregated analysis. Public Choices, 97, 107-120.
Note, to avoid again wrong inference, that I'm not saying that other variables do not have an effect, as centralisation of power vs federal state, wages level of civil servants, etc.
andyoupretendtoknow 7 months ago
@wuezili Now, this beeing said, what about the pretended positive effects of regulations on economic activity? Do you really think it has positive effects on the activity?
Maybe to start to believe the opposite read Stigler, G.J. (1975). Citizen and the state. Essays on regulation. Chicago: The University of Chicago Press.
(Note that he is one of the most important economists of the twenty century, also a nobel prize winner like Friedman).
The book is quite old, but still pertinent.
andyoupretendtoknow 7 months ago
@andyoupretendtoknow
During 2009 or 2010, the Obama administration launched a video contest, asking citizens to make videos about the benefits of government regulation. In other words, asking their core constituencies to volunteer to create government propaganda. (Apparently the organized efforts of left-leaning artists to promote Obama's agenda, often with government subsidies, weren't sufficient.)
I daresay that beneficial actions do not need propaganda.
hennypenny247 7 months ago
Comment removed
andyoupretendtoknow 7 months ago
you are all fools if you think friedman's ideas caused the financial crisis. He would have strongly been against the government subsidizing mortgages through Fannie and Freddie that caused the underlying demand for mortgage debt.
piwanowi 8 months ago
Hahahaha....290 FAUX News fans saw this and couldn't handle reality...
sandinista138 8 months ago
nonsense
inquirer011 8 months ago
WOW, talk about re-writing history!! Friedman did NOT support bailouts, that's your "HERO" throwing money around. Notice your graft that shows the economy growing until all of a sudden it falls straight down? That's from the policy we have NOW! Before you make a video to educate people why don't you try to educate yourself on the subject you think your an expert in. Reading the Stalin diaries isn't a good source.
kgdonna 8 months ago
Yes, it seems you have succeed in poorly and mindlessly attacking the actions of people who are not Milton Friedman.
BagofHay 8 months ago 2
What non-sense~ this is a distorted representation of what Friedman stood for!
ryanmurphymoore 8 months ago
What BS.
ManInAHighCastle 8 months ago
This has been flagged as spam show
This video is retarded...
gorrellp 8 months ago
I’ll take Milton too. What an uneducated video !
kraposo71 8 months ago
Quote
"Voluntary socialism and free market capitalism is a match made in heaven.
Government socialism and corporatism is a match made in hell."
Nicholas Zounis
nikolayzou 8 months ago 2
To the person who did this video, you are an idiot. You have no idea what free market capitalism is all about and no understanding of Milton Friedman and his ideas. Free market capitalism is not the same as corporatism. You need to have a read of my website and learn something. libertyeverafter [dot] com
nikolayzou 8 months ago 2
Whoever made this video is showing us how little he/she understands about MF´s ideas. Oh and btw, social democrats like Hitler are NOT neoliberal you ignorant piece of shit!
fbiguria 8 months ago 2
It astounds me how someone can make such ludicrous assumptions about a
person they know nothing about.
shadowfighting88 9 months ago
pile of shit
quadcatfly 9 months ago
haha whoever posted this is a total idiot
btowndawgz2 9 months ago
@btowndawgz2 I agree with you, it is very funny how stupid someone can be.
nikolayzou 8 months ago
What a nonsense!
rcarreres 9 months ago
monetary market systems cause more poverty -more mass strarvation -more death - more corruption -more wars and more repression than any social economic system around - what we need is a system based on resources and technology that gives abundance to all - why should people starve to death or die of curable disease when the resources and technology exist to prevent it
MrIzzyDizzy 9 months ago
@MrIzzyDizzy I am sure you have a good heart, but you have it all wrong. You need to have a read of my website, there is a lot of good information and videos. libertyeverafter [dot] com
nikolayzou 8 months ago
@MrIzzyDizzy if you live there, i hope you evacuate America because it is in trouble. You are surrounded by capitalists! I mean you are on a computer created by a capitalist selling a product that advanced the quality of life for the world. Due to the fact that America is founded on democracy and free markets and you have proved America wrong, get out while you can, because America is the most poor country in the world!?
MultiJabberwocky 8 months ago
@MultiJabberwocky there s no correlation between freedom and freemarkets - there is no democracy anywhere in the world - only republics and worse. the monetary/market paradigm was useful but now like all ponzie schemes is unsupportable - to equate prosperity to either freemarkets or democracy is absurd - prosperity has increased due to the discovery of cheap fossil fuels and the advancement of science. i am guilty of some nationalistic beliefs but i also know patriotism is a disease -einstien
MrIzzyDizzy 8 months ago
I got to say, this was a stupid video, but the sad thing is it really does all the ignorant know-it-alls (see below and above) a huge disservice in that it reinforces their false assumptions about Friedman, who was a wolf in sheep's clothing. FA Hayek actually called MF a socialist!
maidenak 9 months ago
The image for "neoliberalism" that leads this clip off tries to associate Milton Friedman with the most notorious socialist of the 20th century. The next claim is that Milton Friedman advocated federal subsidies for housing - the exact opposite to everything he has ever advised. Then we are subjected to a series of images branding President Bush as a war criminal, lunatic, etc.
It's all based on visceral images. No rational arguments are proposed. How very socialist.
DrCruel 9 months ago 11
garbage
RyderSpearmann 9 months ago 2
1:23, wow, are you trying to say that 9-11 was Friedmans fault?
Golemoid 9 months ago
Terrible video. So wrong I don't know where to begin!
mrpetermjohnston 10 months ago 2
WTF! who posts something like this? Noami Klein? We are definately on the road to serfdom.
mckeonjt 10 months ago 4
Sorry but comparing Milton Friedman, a jew, to Hitler takes away any credibility.
syskall 10 months ago
What's really interesting is that you can look up Milton Friedman on youtube and see a hundred videos of him making arguments, using facts, replying to criticism, etc. But when you look at videos attacking Friedman you see nothing but mindless cliches and promises that someone else somewhere produced arguments that beat his. Well what are they?
Do you have any ideas or just slander and music?
darwinkilledgod 10 months ago 4
The sad part is this slideshow is pretty truthful of the legacy of Neoliberalism, but with the increasing individualism and embedded "free market commonsense" that is rampant these days, we will probably see a nastier crises of accumulation soon....
Tougemaster06 10 months ago
I like Milton Friedman. I like capitalism. But I can forgive and debatge civily with someone who disagrees for reasonable reasons.
You, sir or madam, challenge significant economic theories and an excellent thinker with a slideshow. You are beyond civility or debate.
probunk 10 months ago
You convinced me.. milton friedman is a madman.. we should all share our wealth and thereby create more wealth because sharing by the barrel of a gun makes all the sense in the world. Forget the fact that monopoly only exist with state protectionism, that too big to fail can only exist with state intervention..
Forget facts..... in general!
Forget facts, and lets all think as subjectivist emotional beeings, that whatever sounds good is also right and take logic and bin it!
HocVolueruntNL 10 months ago 3
Friedman was a monetarist from the Chicago School and a Nobel Prize winner in the economics field.
tonybonez 10 months ago
Wow, you should show this fabulous video to micheal moore he would appreciate the logic of your obvious intellectual depth.
RobCoghanable 10 months ago 4
Did you really spend time on this garbage? Failed Prophet?...Oh contrair mofrair, when the US dollar fails due to socialist gov't policies, over regulation, constant war, and taxes that are too high and unconstitutional. I will sit back and say "Ol' Milton was right, what a shame, if the gov't would have taught economics maybe the idiots that vote and perhaps congress would have listened to Ron Paul or Uncle Milton. Now its too late and we have the Fascist NWO...and we are Not Free To Chose.
ScrewSocialism 10 months ago 2
Ugh, this video is so stupid, it is making me more stupid. I don't even know where to begin. I'm so turned off I am just going to stop
AroundSun 10 months ago 2
Printing more money was not MF's idea this video is nonsense.
WSWarthog 10 months ago 44
@WSWarthog actually, Ben Bernanke himself credited his money printing ideas to Friedman. And you know that whole "helicopter" quote from Bernanke? Yeah, that was taken from Friedman too. I used to think MF was a good guy too, but then I educated myself. Look up what Rothbard had to say about him.
maidenak 9 months ago
@maidenak
Are you kidding? MF himself warned that inflationary policies would lead to economic harm, he explains so in the episode about the Great Depression in Free to Choose. Where did he ever say anything in support of BB's ideas?
WSWarthog 9 months ago
@WSWarthog I said Bernanke credits Friedman for his monetary policies, he said it to Ron Paul, look it up. And read what Murray Rothbard has to say about the guy. Actually, I just remembered, MF did say, to Charlie Rose, that both Greenspan and Bernanke are "good men", and the "best for the job". Look it up.
maidenak 9 months ago
@maidenak
"I said Bernanke credits Friedman for his monetary policies"
I know what video you're talking about and BB says "And economists of all stripes, including Milton Friedman and others, agree that using monetary policy, monetary policy can be a useful tool to try and create growth and stability. " This is not the same thing as "Milton Friedman told me to do it". And Milton Friedman in that interview with Charlie Rose also stated that we shouldn't have a system that depends on how good
WSWarthog 9 months ago