CNBC Milton Friedman Tribute

[serialkiller1990]

Milton said many times to abolished the FED, because of the potential for it to be exploited. Austrians thinks he was wrong in his look on that the reason for the depression was letting the money supply contract. However he was with them on ending it.

[yorkregionballer]

Happy 99th Birthday Friedman! Wish you were still here, god knows we need you now more then ever. Everyone remember to pay him a thought today for he truly was not only a brilliant intellect, but above all, a respectful and genuinely passionate person.

[TheProgressistViewer]

He refused prizes from chilean universities because he didnt whant to be associated with the regime, it said is was a despicable one, he only advised Pinoche because he loved liberty more than he hated dictatorship, and whanted to do the best he could to advance it anywhere he could

[LordoftheKaty]

Bernanke is a scumbag who is everything Milton Friedman was against, and as for Bernanke's alligator tears apology to Friedman, what a joke you scum, for your private Federal Reserve has transferred the wealth of America to the banks which own the Fed, killed millions in unnecessary wars, and has caused America to explode economically now with its fraudulent fractional reserve system.

[Bfisher14]

@ newsreeldemocracy. It's understood that absolute pure capitalism doesn't work, that's not what people are talking about when they say capitalism. They are talking about what Milton calls "Competitive capitalsim" like neoliberalism. In terms if creating wealth there is no other known system that even compairs. People don't like it because it forces them to work and think and contribute. The flaw in the system is egalitarianism, people would rather have things given to them than earn them.

[stagn41]

Can lazy, retarded, dope smoking, pea brain welfare recipients put a sentence together. Of course they can. But it always comes out the same. Please Mr. Government take care of me because I'm too stupid to take care of myself. I don't like Milton because he doesn't want me to get in line for the government cheese. I don't care if Milton is the greatest economist of the 20th century and a Nobel Prize winner. He wants me to get off my lazy ass and do something like work.

[camillo1234]

Let's not confuse a "free market", which is one he described as a race in which everyone starts on the same startingline, with the abomination of the toxic funds and wild west attitude this meltdown is all about. going back to the race parallel, we've found that people had concealed potholes all over the track, thats not FREE MARKET, thats CRIMINAL.

[shanepaulcoward]

How ironic that he died witnessing a catastrophic global economic melt down, as a direct result of markets operating freely! He didn't see that coming.

[TheProgressistViewer]

@shanepaulcoward direct result of governments intrusion in the market.

[shanepaulcoward]

@TheProgressistViewer The free market ethos encouraged big business to fund, develop and eventually to snuggle up to big government - that is my point.

[TheProgressistViewer]

@shanepaulcoward Free market means no government intervention in the economy. You are saying that no intervention leads to intervention. Non sense

[shanepaulcoward]

@TheProgressistViewer It is ironic that the mentality of big business, in following the ethos, by acting solely in their own self interest with initially little or no regulation, has enabled corporations to now make a mockery of our democracies by bribing, lobbying and pretty much taking control of, or heavily influencing, everything that goes on in our countries. It is not nonsense just because you cannot, or do not want to understand this, merely reality.I think Friedman's intentions were good

[TheProgressistViewer]

@shanepaulcoward The state enabled corporation to take advatange of the less influencial indivuduals and smallers buisinesses of america. Trough lobbying they were have regulations and bailouts, trade bariers and so on. Milton Friedman spent his life denoucing these aberations, if people had listened to him, instead of lefties and keynesians, politicians would never have been able to serve corporate interests and stay in office.

[shanepaulcoward]

@TheProgressistViewer The state was already a bad rap before big corporations, like Goldman Sachs, corrupted it further to the very highest levels and also to an unprecedented extent. Watch 'Green Span, there is no free market'. Your point is far from proven - only in your own head. These are counterintuitive ideas - just as Friedman's were. But if you are happier thinking that it was just government intervention that caused all the current economic/social turmoil, who am I to argue. : )

[TheProgressistViewer]

@shanepaulcoward My point exactly, there is no free market, if we had a free market this would not have happened.

[TheProgressistViewer]

@shanepaulcoward ''you can't polish a turd'' WOW that is the most rational, counter-intuitive, profound argument I have ever heard. This is the most eye opening thing Ive ever been told. You are absolutly, right, how did I not think of that before?? I'm gonna go get my membership with the canadian communist party now. Thank you you just changed my life.

[shanepaulcoward]

@TheProgressistViewer Sorry, got bored debating with you. You are too hard headed and close minded.

[TheProgressistViewer]

@shanepaulcoward I accept ur concession. Government is not the solution to the problem, government is the problem. Get on board with the problem.

[TheProgressistViewer]

@shanepaulcoward He once said : good politicians will do the wrong thing if its politically profitable for them to do so. We need to make it so that doing the right is politically profitable for bad politicians. Its what he tried to do by educating people on the importance of unregulated capitalism.

[TheProgressistViewer]

@shanepaulcoward But look at what you just said, you are saying that the free market caused the crisis, by driving us away from free market capitalism, so buy ur own admission, state interventionism is the cause of the crisis. Thanks for proving my point

[Xantheus07]

@shanepaulcoward Tell me idiot when did we ever have a FREE Market?

[vforusa777]

Ironic that CNBC even showed this

[RoronoaZoro222]

R.I.P Friedman.

[documentaryunit]

Roosevelt was a wise man.

If being a wise man makes you a socialist then the axis Reagan-Bush are two capitalist fools. But we knew that.

And if Friedman believed Roosevelt was a socialist, the he is a fool too.

Roosevelt was a wise man. He was a socialist. He believed in society for the common good.

[Questfortruth86]

Reagan-Bush are socialists as well, but their actions weren't as blatantly obvious as Roosevelt's. You are a walking talking mouthpiece for the government. They have manipulated you, confused you; they turn you against your fellow citizens, so that you don't question them. But the government steals from you, through taxation and inflation, and uses your money, the money you work for, to engage in wars, to bailout their buddies, and to control you. You don't know about economics, you don't see.

[documentaryunit]

I didn't say I disagreed with "They have manipulated you, confused you; they turn you against your fellow citizens, etc".

It's just that Friedman barked the wrong tree. He accepted medals from Reagan and Bush.

He was used too.

[Questfortruth86]

Economists are usually not paid very well, they desire recognition, it's what most of them work for. This is true for the vast majority, but some desire merely to help humanity, such as Ludwig von Mises. 99% of economists will accept recognition from world leaders, as it solidifies their position as authorities. Economists are "greedy" for fame and international prominence. I'm no fan of Milton Friedman, but your criticisms are not valid, the typical jargon employed by the economically ignorant.

[Questfortruth86]

Back to the question of "greed." A man who works hard, and desires a mustang, is somehow less greedy than a man who also works hard and desires a porsche?

[documentaryunit]

The "Nobel Prize" Friedman received was just propaganda. In the years before and after Friedman the Nobel academy gave prizes to free-market economists only.

But, and here's the catch, the Nobel Prize for Economics was created by the State Bank of Sweden.

An irony? Bankers had a vested interest in Friedman that only now becomes aparent.

[documentaryunit]

People now believe Neanderthal man could not compete with Homo Sapiens because it lived an isolated, individual existance.

Homo Sapiens wiped them out because they practiced social integregration through the common good.

Friedman never thought of that. And he also thought society did not exist.

That's why I call his theories Neanderthal man theories. They were debunked a long time ago.

[documentaryunit]

greed

An excessive desire to acquire or possess more than what one needs or deserves, especially with respect to material wealth:

[Questfortruth86]

"An excessive desire to acquire or possess more than what one needs or deserves, especially with respect to material wealth:"

How much does one need? "Wanting more than you need," need to survive? or Live comfortably?

[documentaryunit]

What he/she really needs its up to oneself.

But to judge if he/she is greedy is up to us.

We don't live alone. We live in societies. Of course, Friedman doesn't believe in societies so for him greed is good.

[Questfortruth86]

"What he/she really needs its up to oneself."

"But to judge if he/she is greedy is up to us."

Exactly, it a completely subjective term used by the government as a tool of division, so that they can better control us. It is a loaded useless term. All individuals have many different desired ends, money merely acts as a mean to those ends. Some desire money to help the poor, others desire many cars; in the end, they both need money to achieve their different valued ends.

[documentaryunit]

Your ideals are correct. You are just putting your belief in the wrong person.

Forget Friedman. Just follow your own cause. This means, forget about socialism and communism. Stick to MANKIND.

You will be right.

[Questfortruth86]

Read my previous comment, I am no fan of Milton Friedman, but your criticisms are not valid. Friedman has done more harm than good, and if you search other friedman clips you will probably see me criticize him. He pretends to be a free-market capitalist, but he is not, and his failed theories have hurt capitalism's reputation. But capitalism is what has set us free, before it, me and you would be serfs somewhere, working for some stupid aristocrat with an hereditary title.

watch?v=MBB7l-SfoK4

[documentaryunit]

Friedman got greedy.

I don't deny some of his fundamentals.

But he is a creature of a very particular moment in history. The clash of two giant psychos: Stalin and Hitler.

So all his beliefs and experiences are platformed in an aberration of Mankiknd.

This is why he has turned individualistic.

Wrong. Neanderthal was individualistic too and lost to the Homo Sapiens because they formed societies to give them strenght.

Friedman's theories are now Neanderthal theories? Maybe.

[Questfortruth86]

"Friedman got greedy."

We have already established that greed is a loaded subjective term void of any and all objective meaning.

"But he is a creature of a very particular moment in history. The clash of two giant psychos: Stalin and Hitler. So all his beliefs and experiences are platformed in an aberration of Mankiknd."

Another ridiculous claim, Hitler and Stalin were socialists, they would have despised Friedman.

[documentaryunit]

Stalin and Hitler were not socialists. They were sociopaths, an aberration of humanity.

You can't make them a yardstick for Mankind. That's what Friedman did.

In history nobody takes Caligula, Genghis Khan, Nero, Attila The Hun, Ivan The Terrible, Mussolini as an example of Mankind. Nonsense.

They were socipaths as well, capable of killing their mother to further their conquests.

Friedman only tell the haft truths that further his theories.

[Questfortruth86]

"Stalin and Hitler were not socialists"

No, they where socialists.

"They were sociopaths, an aberration of humanity."

Yes, socialists are sociopaths, lunatics, mass-murders, history continues to show this in China.

[documentaryunit]

I think you've got a problem there. Either you live in America where the American Right has convinced everybody that they should work until they die or in the new Easter Europe where they have been under the Russian boot for too long.

[chokin2]

I live in Western Europe and I have to concur with quest4truth, sorry

[newsreeldemocracy]

@chokin2: I disagree that Hitler and Stalin were socialists. They were psychos. Capitalism not always works. In fact it not working right now. But the 'little people' are asked to bear the brunt of the impact while the bankers (the same bankers that paid for Hitler's armaments) get their bonuses. The ideology of Hitler was racist not socialist.

[newsreeldemocracy]

@newsreeldemocracy: The result of the Cold War was to make us think that we had to chose between capitalism and socialism. But that was a fallacy. People prefer a mixture of both. And the US has admitted this by using socialist money to bail out the banks. And Britain is using socialist money to pay bank bonuses in the banks that are now owned by the taxpayer.

[newsreeldemocracy]

@Questfortruth86 HItler was a racist. Stalin had to contend with a Russia that was 100 years behind western Europe thanks to the Tzars. Mao had to contend with the same fact. So what were they supposed to do? Roll over and play dead to the naked capitalism of the West? Faced with Russia and China the West had to change and become more socialist itself. That was the triumph of socialism. Otherwise England would still be living in the XIX century. And so would America.

[Questfortruth86]

"I don't deny some of his fundamentals."

You don't know what his fundamentals are.

[loarmistead]

We'll all miss you, bud.

[jpbalkenende]

And with the economy down the tank so goes Milton's demented economic philosophy.

[cochiserjs]

Yeah I'm sure a trillion dollar war had nothing to do with that. It's a testament how well the free market works when you can spend that much money and still have a populace living comfortably. If you think the economy won't recover, you're an idiot.

[jpbalkenende]

Of course it will recover. But you have to look at it in context. All those 'failed socialistic European states' are steaming ahead. America now is the 15th wealthiest country in the world, a historic low may I add never seen before. And the only country of those 14 who isn't more socialist than the USA is Qatar and that's an oil state who really don't have any achievements of their own.

[cochiserjs]

Well these failed socialistic European states are not really socialistic if we're being honest. Also you're being dishonest if you're asserting that centralized economies are more successful than free market economies, compare Zimbabwe and Venezuela to members of the EU or the USA. There really isn't a realistic argument against the success of capitalism to be made.

[jpbalkenende]

.... You see I would agree with you that they really aren't socialistic. But anytime anyone makes an argument to make the USA just the tiniest bit more like these non-socialist countries libertarians like yourself scream bloody murder and call them a bunch of commie dictators. With health care for example.

[jpbalkenende]

Let me rephrase I'm making too many assumptions here especially considering you're English (oh did it again!). What I meant to say is "Libertarians like Milton Friedman scream bloody murder and make them out to be a bunch of commie dictators" so there :)

[cochiserjs]

Well I'm not English, I'm Welsh but you weren't to know that.

But I don't really see your point. Especially given that the UK is also midst an economic crisis, which also is linked to massive government spending on the war.

For libertarians health care is more of a philosophical issue than an economic one (though the two are obviously inextricably linked). Health care is not seen as a right for non-dependents. The same is true of most if not all positive rights.

[jpbalkenende]

Yes but libertarians constantly make the erroneous and inconsistent argument that things like health care or a higher tax would be catastrophic for the economy at large. Yet when you point out all the countries that do better than the USA despite these things they turn around and say the USA is socialist as well and that it doesn't matter that it is 'less socialist' because it is STILL socialist. This is inconsistent with the view that a lower tax or less government is always better.

[jpbalkenende]

Same thing with healthcare. When you point out that all these National healthcare systems outperform the American one in both cost and service they start blaming the government interference in the American system. Which again is besides the point and doesn't make any sense based on their own economic theories. It would be like if conservatives lower the tax rates libertarians wouldn't support it or wouldn't say it would be better simply because there'd still be a tax rate left. Makes no sense.

[cochiserjs]

I've never known a libertarian to not support a drop in the tax rate regardless of whether there is a tax rate left. This is a strange statement you've made.

More is spent by the government on the American private-public healthcare system per capita than on the univesally available Canadian system for example. And more is spent overall by the American government than by any other industrialized nation. It is clear that the current model is not cost effective.

[jpbalkenende]

That was my point. You never see libertarians do that. Yet they make all sorts of excuses why the American healthcare system is worse than the European one despite it being more libertarian. The excuse they make is that it's not TOTALLY libertarian basically. As if a 30% tax rate isn't better than a 40% tax rate simply because both are more than 0% or because both are not totally libertarian.

[ftorresgamez]

"Yet they make all sorts of excuses why the American healthcare system is worse than the European one despite it being more libertarian."

The American health care system is not more libertarian. It is just not being managed directly by government. But you easily miss the systems in Latin America, which are private, very cheap and very good. I can see a specialist for $50.00 USD in Mexico, with prescription and all, and the drugs are dirt CHEAP. Mexico's system IS libertarian.

[jpbalkenende]

That was my point. You never see libertarians do that. Yet they make all sorts of excuses why the American healthcare system is worse than the European one despite it being more libertarian. The excuse they make is that it's not TOTALLY libertarian basically. As if a 30% tax rate isn't better than a 40% tax rate simply because both are more than 0% or because both are not totally libertarian.

[AmericanCapitalist22]

There are two seperate Liberatarian positions: [i] Ayn Rand= zero taxes which is morally correct and [ii] minimal taxes to support government.

The US had zero taxes before 1913, had a strong bold functioning government and military [made out of patriots] and created the richEST people in ALL OF HUMAN HISTORY [Bill Gates and Warren Buffet pale in comparison today] to those born around 1850 like Henry Ford, Edison, Andrew Carnegie, JP Morgan and so many more. This is "freedom", it is "fair"

[jpbalkenende]

Yeah but you see in a democracy people tend to care more about the median than the extremes. Which is why America has developed the way it has in the first place. Oh yes I know 'unfair' in your twisted world (you are free to leave I'm not sure what's keeping you part of a club you don't want to be with).

[ftorresgamez]

"Yeah but you see in a democracy people tend to care more about the median than the extremes. "

This argument is irrelevant. Whatever people WISH cannot be an argument for establishing a policy. What if people wish to get rid of undesirable races (has happened before...)? Would that make it all right? And, it would still be in the median.

[Avarice176]

Even tho I agree with alot that was said... just thought i would point out that the statement that "The US had zero taxes before 1913" is just plain wrong. Now, there were not DIRECT taxes [income taxes] b4 1913, but there were various indirect taxes at the time.

[AmericanCapitalist22]

Liberatarians support zero tax at best, or minimal taxes otherwise. This is because it is morally unfair to strip money from the wealthier person to redistribute it by force to the parasite that weans off the wealth producer in welfare and other measures

[jpbalkenende]

Hey hey a Randroid how quaint.

[cochiserjs]

In nations with universal health care it is a general truth that private companies outperform the national health service and are more cost effective, this obviously does not account for people with low income who cannot afford private health care currently.

By removing socialized medicine or Medicaid in the US, you will create a competitive market and prices will go down, whilst quality will generally go up. This is a demonstrable trend for other services, so why not for health care?

[jpbalkenende]

Simply because it has demonstrably not happened? A lot of socialized medicine has been removed from the American system and prices have shot up compared to their European/Canadian/Australian/J­apanese counterparts.

[AmericanCapitalist22]

Incorrect. The private healthcare system of the US is far better than the private and public healthcare system elsewhere. The private healthcare system elsewhere is WORSE/more-expensive because they have to compete unfairly with "free" government healthcare. Also government can NEVER provide the same efficiency as a private company. Communism failed.

[jpbalkenende]

Jesus Christ you are an idiot. The other healthcare systems cost half and are able to cover 100% instead of 85%. Just because you say "The private healthcare system elsewhere is WORSE/more-expensive because they have to compete unfairly with "free" government healthcare. Also government can NEVER provide the same efficiency as a private company." doesn't make it so the facts dispute your BS.

[ftorresgamez]

"The other healthcare systems cost half and are able to cover 100% instead of 85%."

Coverage does not translate to service. That is the sad fact of "single payer systems".

In many places where there is both systems (like Mexico), the private systems are less expensive than the public systems because of the better value for the money and the level of waste of resources in the public systems. And, don't start with the "Mexico is a 3rd world country" argument because that is just a red herring.

[ftorresgamez]

"When you point out that all these National healthcare systems outperform the American one in both cost and service they start blaming the government interference in the American system."

The public systems do not outperform the American systems on service, that is a flat out lie. Plus, the purported lesser cost of the public system is a mirage, when taking into account the costs of waiting times and potentially deadly delays. It is little consolation that one is covered when one is dead.

[AmericanCapitalist22]

No country does "better" than the US; and certainly NEVER for higher tax reasons. You are quite wrong.

I have no doubt you are referring to Scandinavia too. Fact: their economy is far less than the US & people there have far less choices, and therefore must pay so much more for their products AND on top of that higher taxes too.

NB: fREE MARKET= MORE choice due to "free market competition>> prices go down + more competitors creating more choices

[jpbalkenende]

@AmericanCapitalist

Facts are stubborn things, USA has 47k per capita, Finland has 55k, Sweden 56k, Denmark 67k and Norway 103k.

Orthodoxy is no replacement for reality I'm afraid 22.

[AmericanCapitalist22]

Facts are great but not when you skewer perception. Your "facts" are taken by taking a population and dividing the total income. This is communism that you are presenting. In the US, many people have so much more money and many have so much less.; BUT the KEY POINT is those who WANT MORE have the ABILITY to get more through HARD AND SMART work. PARASITE states [welfare] is surely morally wrong. It is FREE individuals that create wealth not governments and therefore no one should take this [tax]

[jpbalkenende]

You are so fucked in the head there's little use arguing with you. Have a nice day anyway.

[AmericanCapitalist22]

Liberatarians do not make an inconsistent argument. Now you have "proof" today with modern economic mess which is 'natural' when you poison a free system with government handouts and big government [which paradoxically the Republicans became and worse, the Dems are pushing for more big government].

[ftorresgamez]

"Yes but libertarians constantly make the erroneous and inconsistent argument that things like health care or a higher tax would be catastrophic for the economy at large."

Why is this an inconsistent argument? Where is the inconsistency of arguing that taking people's wealth at gunpoint to allocate it at other places by political whim cannot be a good thing?

[ftorresgamez]

"All those 'failed socialistic European states' are steaming ahead. "

Last I saw, these countries had unfunded liabilities that rival the US's. The day of reckoning will come pretty early for these "safety net" lovers, when they find out they cannot simply print money to pay their idle populations to not be productive.

[stealthswimmer]

lol @ Ben Bernanke they won't make that mistake again...they're making the OPPOSITE mistake now by having interest rates too LOW and increasing the money supply MORE than they're supposed to!

Milton was awesome though.

=)

[BoulderBoy101]

Thank you Milton Friedman

[documentaryunit]

I have nothing against Milton Friedman the propagandist. He's been very successful at that. But his economic theories were even discarded by Reagan and Thatcher, his principals early stalwarts. Milton argued that countries needed a catastrophe of gigantic proportions to implement his policies. Well, he got one but AFTER implementing them!

[BoulderBoy101]

Milton Friedman was Reagan's chief economic adviser moron. Milton wasn't an advocate of having a catastrophe to implement his policies, he meant that it usually takes a revolutionary event to bring freedom back to the people

[documentaryunit]

Friedman was like a vulture forever circling above the aftermaths of disasters in search of rich picking for his political masters. His Chile excursion was sad example of this unwise opportunist.

[AmericanCapitalist22]

He merely spent 5 days in Chile and way before Pinochet. His involvement with Chile is and was incorrectly distorted by those who wish to tarnish his reputation. Look at postings up and down here and elsewhere on YouTube about him, and notice the adjectives used, and you will see how people distort the truth. Milton was a great man.

[Mesterse]

It's rather shocking how deceitful and lying Naomi Klein. is.

[ftorresgamez]

"But his economic theories were even discarded by Reagan and Thatcher, his principals early stalwarts."

That is because these prescribed relenting their power, something they were not ready to do. However, this is not an argument against free market economics, rather a clear indictment against politicians.

[ochobit]

Friedman is my homeboy.

Thank you Friedman for the economic success we as a world have had. Please may some politician in Argentina listen to your policies of freedom and choice.

[documentaryunit]

Freidman who? How many people today follow his economic policies? NONE. Milton was a free enterprise propagandist. He will be rememeberd a Jurassic Park econonomist. Only useful among genetically modified dinosaurs.

[ThegoodEconomist]

Does that include the natural rate theory? Which is used as common knowledge in economic areas? Does that include a monetary history of the United States which proved the importance of money in the economy? What about his predictions about the USSR? Are you talking about that?

[chiefeditor]

He was right. The depression was "created" by the Fed Reserve on purpose. Glad that he spoke up.

[rios9000]

he didn't say it was on purpose, he said they messed up

[J2wad]

Go milton, may you rest in peace

[shipple]

If you like Milton Friedman, check out -- FreeStateProject*org --

[OuLuYang]

Milton Friedman is a hero.

[documentaryunit]

Milton Friedman was a subservient tool of the rich, the power and the famous. He was a razzmatazz economist.

I never saw his in a picture surrounded by ghetto people in the US or anywhere else. But I did see him surrounded by George 'Iraq' Bush and Ronald 'Grenada' Reagan.

Friedman confused economics with hegemonics.

His economic policies are as dead as his own person. Nothing personal.

[jscottupton]

Wrong. If you never saw him "surrounded by ghetto people" then you never saw his series "Free to Choose" in which he interview poor people in many different ghettos in many different countries. What came out of those interviews was that the poor people were complaining about the government holding them back.

[documentaryunit]

People complain for all sorts of reasons, depending on what political parties tell them and realities they perceive on the ground.

Curiously, "what people say" is only conveniently used when it supports powerful vested interests.

People would also like Wall Street bankers to be put in prison.

These Wall Street people are the same that were supporting Friedman two decades ago.

[Questfortruth86]

Usual jargon of the socialist type. They never have anything of value to say, or provide any actual facts with their criticisms. Just the same old, "Life is unfair, blame the rich, kill the rich, the rich are evil, Boo-Hoo."

[documentaryunit]

We forget very quickly. The current economic meltdown was caused by greed and not by socialists.

What is happening is that people in power (mainly the greedy, either socialist or capitalist) tell us that it's the individual and not the whole that matters.

But anybody who has studied history knows that 'social' ideas always prevailed over the individual.

It's call HUMANKIND you morons!

[Questfortruth86]

HAHAHAHA, yeah this mess was caused by "Greed," a random mass wave of greed. Businessmen, seemingly out of nowhere, made a pact with satan and pursued their greed. The introduction of greed, something our economy was not familiar with, caused a massive disequilibrium, and this caused the global economic calamity! God, this is how socialists think, how amusing.

[documentaryunit]

We know full well that Friedman was greed-friendly. Nothing new. Greed is as old as Roman sandals at least.

The problem happens only when greed is in government.

Friedman used Nazism quite a lot as an example. But Nazis are still everywehre exist in the world WWII has not eliminated Nazism or Fascism completely.

The problem with Fascists is when they achieve government.

The same with GREED.

WE'VE GOT TO KEEP THEM BOTH OUT OF GOVERNMENT.

[Questfortruth86]

Learn something about economics, no one cares about your views on history.

[documentaryunit]

"Nobody cares?"

Socialists and capitalisrts faught shoulder to shoulder to defeat the Nazis. People do care.

Communism was defeated by democrats the world over. People do care.

Tyrannical regimes in Latin America supported by Reagani and Thatcher were defeated by democratic socialists and capitalists. People do care.

Greed doesn't care. Greed lines up its pockets. Economic is important. But not as important as Friedman thought.

GREED SHOULD BE KEPT OUT OF GOVERNMENT.

[Questfortruth86]

The nazi's were socialists. The eastern communists and the western capitalists defeated the nazi's. Then the eastern communists began engaging in the same human rights violations that the nazi's were guilty of, and as such, were also defeated.

"Greed doesn't care. Greed lines up its pockets. Economic is important. But not as important as Friedman thought."

All political and social philosophies are nothing more but extensions of economic thought. Economic conditions dictate social conditions.

[documentaryunit]

The Nazis were not socialists. They milked the country through an elite of private enterprises. For example, the greedy industrialists such as Krupp, IG Farben, Mercedez Benz, BMW, VW, etc, etc.

Nazims was the empire of private enterprise at the centre of a war machine raison d'etre.

Not too different of Bush's Iraq in 2003-2009+ withHalliburton, etc.

Nazis were a unique case in history in which everything they did was a failure, except that they coined a unique name for it: Nazism.

[Questfortruth86]

What is greed? Define greed.

[documentaryunit]

Human rights violations? The US also presided over mass killings in the whole of Latin America, also in the Phillipines, Vietnam, etc.

Fortunatelly there are good Americans too. What Reagan-Bush axis did would not have happened under Roosevelt. But that was a long time ago.

Was Roosevelt a Socialist also? I would rather call him a true American. Until the rot in Washington set in with the greedy bunch. Including Friedman.

[Questfortruth86]

"Was Roosevelt a Socialist also?"

Yes both of them, and the New York Times actually exposed both of them as socialists.

America's examples of human rights: over-throwing democratically elected leaders--no doubt bad.

Communist/socialist examples: Russia killing millions of people, starving 10s of millions. China, 36 concentration caps, government kills political opposition and sells their organs on the black market

Socialism is the culprit of inexcusable human right violations and mass murder