U / Chicago Libs Protest Brilliant Economist Milton Friedman

[philnoll]

There's nothing more disappointing than a bunch of well-intentioned young rebels coming out to protest the free-market when the crisis was nothing more than a deliberate sabotage of the economy to discredit capitalism and push for world governance.

[bonfirejovi]

Don't these idiots know that Friedman was a liberal? Friedman has done more good for the world than any one person. Through his ideas he freed us from oppression and abject poverty. It is a shame that only Singapore and Hong Kong took his advice seriously.

[rasputinsdog]

Isn't it amazing how these 'free thinking', 'tolerant' Libs who 'value' dissent and debate are so quick to censor someone that doesn't agree with them?

[jscottupton]

Long live Friedman's ideas and liberty.

[321lawc]

Hearing that someone would actually protest Milton Friedman made me weep for the world.

[zac1bar83]

@edysgarate hahahhahahhahah edysgarate my friend is not a socialized market still a market? if the government runs health care and education is it not a monopoly?

[axe863]

Milton Friedman saved the US economy from another Great Depression. He actually determined the root causes behind the Great Depression. The Fed applied his theory and saved us from an economic collapse.

[CondensedHistory]

Capitalism and Communism are just different sides of the same jewish coin which Hitler fully understood. Hitler liked "industrial capitalism" but opposed "interest capitalism" so that threatened the international jewish money controllers who funded the British, USSR and USA empires.

"Now Germany is against the power of evil incarnated in the Anglo-Saxon/Soviet coalition managed by the Jews." - Spain's Luis Blanco in telegram to Franco soon after America joined the USSR in WW2

[FletchforFreedom]

Bigotry and historical ignorance all in one "condensed" package.

Bravo!

[ThinkerLiberalism]

@CondensedHistory Jesus H. Christ! I've never seen anti-semitism used as the entire basis for an argument against capitalism.

[GMWofNJ]

Yes, the free market does provide health care and education.

[GenitalGrinder69]

wow this might be the most intelligent thing i've ever heard rush limbaugh say. i din't know he was even capable of that kind of simplistic thought.

[lindaclements]

well that's because you're thinking when you're not used to it

[parrotsnest]

Ironic huh?

Although I really don't think Rush Limbaugh really stands for what Milton stood for.

[ntn1987]

damm hippies. hail the free market!!!

[edysgarate]

Milton Friedman has caused so much damage.... the economic crisis is the fault of people like Friedman. Look around, is the world moving in the right direction? does the 'free market' give you healthcare and education? Is there less poverty than there was in the 70s when Friedman calimed these things? (there is vastly more)

[lindaclements]

economic crisis is due to ONE reason and ONE reason ONLY

Clinton, Reid, Frank FORCING banks to give loans to people who couldnt pay them which caused a run on greedy people flipping and making $ on homes while paying nothing. Bush AND McCain together tried years ago TRIED to get Congress to take a look at Fannie and Freddie and (vids of this all over youtube) Franks and his libs in congress kept saying "fanie and freddie are solvent so no investigate needed" typical coverup democrats

[Nintendomanwill]

As Friedman would have told you, you are incorrect. The economic crisis occured because the capital requirement ratio was basically scrapped, while the ability to lend on fractional reserve on which the capital requirement ratio regulated, was not scrapped meaning banks could literally create as much money as they liked in credit. Their business plans that thought overlending was wise, meant that much of their credit was not based on economic activity-IE INFLATION which led to deflation.

[Nintendomanwill]

Governments recently have had to prevent a deflationary spiral by keeping the economy binged on inflation when it is simply unavailable, which of course means massive debt. But that price is worth it, to buy out the reduction of the eocnomy to within its means, a snapping elastic effect caused by the inflationary overstretch caused by banks and overly RIGHT wing governments. Friedman would have told them to wise up and reduce infaltion in the 'boom' years. He held the keys to end boom and bust.

[YourNameHere1212]

@lindaclements Yes because unregulated derivatives didn't play any role into the crisis.

[ThinkerLiberalism]

@lindaclements Thank you. these idiots who say deregulation caused it have no idea what they're talking about.

[studentofsmith]

@lindaclements That's not the only reason. I suggest watching Thomas E. Woods speech on the economic crisis & Federal Reserve [watch?v=CF27CSIofvg] In it he explains how the Reserve's manipulation of interest rates causes the boom/bust economic cycle. I found it utterly convincing.

[bonfirejovi]

@lindaclements Don't forget Greenspan providing easy money and low interest rates which made the over leveraging and teaser rates possible. The ghost developments and the economic collapse can be blamed almost solely at Greenspan's feet. He has done more damage to the free market than Mao could have ever dreamed.

[honest1963]

@bonfirejovi The collapse could not have happened without Rep. Frank, Dodd, Clinton & Co. forcing banks to make sub-par loans that were doomed to fail. No sub-par loans = no economic crisis.

[SuperGuitarman69]

@lindaclements I just read your post. Awesome. Could not have said it better myself. And I am an economist. You are 100% correct. As far as Illinois university? Well what do you expect. The ONLY thing to ever come out of there and be a blessing to the world is Milton Friedman. The rest of them? American scum bags. Look no further than the plith of states such as California, Illinois, Michigan etc... All on the verge of bankruptcy, all in need of solvent states bailing them out. ALL LEFTIST RAN!

[parrotsnest]

Last time I checked the top universities in the nation are privately ran.

How is the healthcare in communist China?

And no, there is absolutely NOT more poverty in this country since the 1970's. If you're going ot make an argument like that, could you not pick one of the worst decades in the past 50 years as support. It's pretty simple to see inflation rates and unemployment rates of the 70's.. and let's get down to it, YOU and I do NOT deserve to be of equal, you've proved this.

[wohs145]

If you believe we live in a free market system than you are a total idiot. Its government that ruined education and government that is ruining healthcare.

There is NOT more poverty! That is a complete myth! The world is getting better because we're still benefitting from a time long ago when we DID endorse at least SOME of Freidman's ideas!

God Bless Milton Friedman and his ideas that have allowed so many to have a better life.

[condensedclassics]

watch Milton Friedman on Donahue 5 parts- right here on youtube and listen very carefully to what he actually says!

[MrBWB]

actually yes, the free market provides opportunities for health care and education.

and also yes, if you look at China for example, a country who has embraced the free market since the 1970's, poverty has significantly dropped, literacy rates have grown, and standard of living for all classes of people has risen.

[Offatwork]

Actually you would be wrong edysgarate.

India and China are now at the forefront for economic growth (China just recently took the #3 spot for largest economy: #1 America, #2 Japan, and the third used to be Germany) and this is largely due to a major push towards a more free market system. In fact, the numbers show that the income equality around the world has substantially grown.

Most of this free market push was from advocates like Freidman himself.

You couldn't be ever more wrong.

[AAAwith3Aznot4]

@edysgarate . there is vastly more poverty because this country didn't listen to Friedman, not because his ideas didn't work or because capitalism doesn't work. I agree with u that the world has been moving in the wrong direction... higher taxes, higher unemployment, government buying up banks and other businesses, a growing government killing the free market....yep sounds like the wrong direction to me.

[brjvideo]

Please, @edysgarate. Don't let the facts get in the way of a good emotional argument. Good one, lindaclements.

[libertariannews]

@edysgarate

There wld have been no crisis if we had stuck to 'free market economics'. In stead we followed 'Kaynes' philosophy on economics (and still do!). I can say Friedman wld be 100% against. Does it give u healthcare/education? I live in England nor does socialism. Supply a Demand. Does it give u cheap, safe, affordable mobile fones and internet? Less poverty but look at the debt. Those who live above their means, will end up living below them.

[321lawc]

@edysgarate Milton Friedman has smacked down annoying leftists like you all his life. You stand no chance against his intellectual might.

[19TEC85]

@edysgarate

wow. I can't believe people still blame the free market for obvious gov caused problemsWhat free market are you talking about?. Healthcare is one of the most heavily government controlled and subsidized areas of the economy along with education., And I am no fan of Friedman, in fact, he was NOT free market enough.

[kandy1958]

@edysgarate You obviously haven't watched the videos on Friedman/Donohue and others. Everything that was observed in the late 70's, economically, is happening again. The only differnce is, it isn't Carter, it's Obama. And Obama's policies are worse than Carters. As I've heard recently; one of the happiest people viewing this Obama admin. is Carter. He finally gets to see a President that's worse than him

[Jackpot1990]

@edysgarate I was thinking of writing a well thought out retort to such an ingorant statement but i've realized that whatever i say wont change a mind like yours. It is easy to comprehend liberal market principle but it takes true intelligence to understand how basic functions of a society can be provided through a free market. I was liberal once too, then I read the works of Friedman and it completely changed...maybe you should do the same.

[AlanCom1]

well said, Rush!

[johnnondrowsyd]

socialism is bankers betting massively on whether they'll get paid by there no down payment giving homeowners? i think not. friedman is highly overrated, and he was never able to own up and say that raegan spent more than almost any president ever, and was only good at giving speeches on walls in germany.

[HapaLife]

Social government policies, with all the good intentions it may have had, provided affordable housing to EVERYONE. Setting off an excess demand of potential homeowners, bidding up the prices of homes. We then had homeowners with a real income much lower than the real value of their home, inflating the the nominal values in the housing market.  The banks lent cheap credit to individuals who normally would not have fit the bill, but socialist legislation blurred this line.

[surnbe]

FDR spent MUCH more relatively, and Reagan defeated the USSR without shedding blood.

[EpicDude86]

I bet you like minimum wage too.

[kwazy349]

I hate all this doublespeak and doublethink

Friedman is an actual Liberal. The people of today who call themselves liberals are socialists. This means true liberals now call themselves libertarians lol.

[BOGZASV8MA]

Rush Limbaugh and those liberals are just dividing people.

[kaziqbal]

Milton Friedman rocks!!

[kaza999t]

Capitalism Is the Problem,Socialism Is the Solution

[KaaproTV]

hahaha, you have to be joking

[jeffmagic32]

go check out North Korea - its a regular party over there!

[ifJesusplayedbass]

both are wrong... i just haven't thought of something better yet but once I've come up with a good Idea I'll tell you.

[Robodude288]

yes which is why Friedman never said democracy and capitalism is the "best" system it is just the least bad. I for one wish some one like Friedman were here today to put this in a way that the obamanauts can understand but surprisingly enough his 1990 documentary still rings true 19 years later.

[ddntmdcks]

Friedman is a man i respect. Rush Limbaugh on the other hand, I do not.

[lindaclements]

wow then your head must be spinning here. if you dont respect Limbaugh, it's because you dont listen

because he NAILS the agenda of the libs (who are against ALL common sense) day after day after day

[08MVPyouKnowWho]

Yea but a lot of what limbaugh says is also retarded. He gets some things but misses many others.

[Superplatanoman]

Limbaugh is a hack.

[Cajun187]

Hacks don't have 22 million listeners. Hacks aren't hated and feared by those on the left like Rush is. Hacks don't start revolutions. He's called a hack by people like you who can't intelligently debate or oppose him.

[lindaclements]

Hear !! Hear !! Cajun187

Eloquently put

I like to say:

Truth is hate to those who hate the truth

:-)

[ndyt]

Cajun187, true, he is not a hack, he is a fear monger.

[ThinkerLiberalism]

@Cajun187 A hack who has more listeners than the total viewership of every news channel (including FOX NEWS) combined at whatever hour he is on.

[drlovebutton]

@Cajun187 agreed. why else are they trying to get rid of the am/fm radio stations he broadcasts from? Fear... modern liberalism is simply fear of the fee hard working man. The government is afraid of us as a whole so they try and tear apart our individuality. The battle between free society and government control has been around forever. I once was on the wrong side of the fight until I reached the age of logic.

[ZDWmiamicane]

That is so typical of college kids. They don't know a good man when they see one; Milton Friedman is one of the best scholars and they're protesting him? That is what you call a . . . joke.

[grimshawr]

big capital is just as dangerous as big government. people need to stop thinking that one side is right and the other is wrong. there is a middle ground that needs to be met. the reason people don't want to think that is because it is difficult and requires hard work. the end result of big government is bread lines and the end result of big capital is the accelerated consumption of everything and then everyone is in trouble. sustainability and fostered creativity will save the human race.

[TimeWarp66]

You're wrong about that. Laizzes-faire is the most desirable human condition.

[afantasticdrowse]

ah, only if you could spell that fancy fancy word

[tallmunchkin]

Friedman did not win the Nobel Prize for showing how free market's work. It was specifically for his work on consumption functions. His greatest economic contribution, the link between money supply growth and inflation rates was probably the actual and un-cited reason.