Milton Friedman on Libertarianism (Part 1 of 4)

Of course there are success stories, when you loan out that much money to that many people there are bound to be successes. The problem is that there are far more failures.

Banks are professional lenders. They have the knowledge and experience to pick winners in the market and are highly motivated to do so since they are risking their own money.

IMO if it's too risky for the banks it's too risky for the taxpayer.

As stated earlier the government is a highly favored source of public money.

Industry does not concerned itself with enslaved children. There is a net advantage to doing business in countries with abusive labor pools.

Call it sarcasm if you like. I am being forthright and honest with you. It's time to pull the rose colored glasses off.

Are you suggesting now that government is the solution to the industry now? To stop children from being enslaved and so on forth?

And I said, that in my minarchist nature, I see government as a necessity, and in my an-cap nature an obstacle to the free market.

I'm beginning to think you were being sarcastic about saying the free market can solve every problem under the sun.

@Betty5150
You clearly misunderstand power. Who cares if you as a individual thinks government is a obstacle. Industry does not share your perspective on this matter.

Bad policy for who?

Private enterprise is more than happy to secure public funding. Try doing some background on this topic. Many of the wealthiest individuals in America built their fortunes by way of public funding, set-asides, tax breaks, etc.

Yes, the private sector will gladly tap the government for capital. Allowing it to do so, however, is bad policy. After all, if the banks won't lend to them why should the taxpayer?

I consider government an obstacle in my an-cap nature, necessary in my minarchist nature.

So your argument is that Government can create wealth now?The major difference between you and me is that I think central planning is a joke.Theres no possible way for a central planner to plan out and foresee the events of an irrational individual. And its silly to think that all individuals will take the same course of action

Government can't create wealth, period.

Oh I see, I've been trolled. Touche.

lul you are a dumbfuck, i are a totalitarian

@Betty5150
For purposes of clarification. I am a Neo-Liberal who uses the term Conservative for purposes of identifying pro-business policies. The American public is rather provincial and barely competent enough to discern between a Liberal and a Neo-Liberal.