What are the elements of the libertarian movement and how does one of its most illustrious proponents, Milton Friedman, apply its tenets to issues facing the United States today? Milton Friedman, S...
What are the elements of the libertarian movement and how does one of its most illustrious proponents, Milton Friedman, apply its tenets to issues facing the United States today? Milton Friedman, Senior Research Fellow, Hoover Inst., Nobel Laureate in Economic Sciences discusses how he balances the libertarians' desire for a small, less intrusive government with environmental, public safety, food and drug administration, and other issues.
This is a 4 part video. Here are the links to all 4 parts.
Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science, was a senior research fellow at the Hoover Institution from 1977 to 2006. He passed away on Nov. 16, 2006. He was also the Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976, and a member of the research staff of the National Bureau of Economic Research from 1937 to 1981.
Recorded February 10, 1999. Please see the end of Part 4 for all of the credit and ownership information. I am posting this video to further spread the Ideas and knowledge of Milton Friedman. It is only through implementing his ideas that we will preserve that which the founding fathers established.
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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.
@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.
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
@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.
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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.
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.
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.
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.
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.
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.
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.