Milton Friedman - Questions For The Professor

Milton fields questions on income disparity, minimum wage, school vouchers, health care costs and other topics. http://www.LibertyPen.com

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[fzqlcs]

@bungerman1000 As a county relief worker for several years, I can tell you that someone who worked 20 hours a week at $5 an hour would make more than our county dole for a single person ($218 a month) provided. They would gladly work at that rate if allowed to do so. Answer me this, why in a free society, why should I have to get the government's permission to hire you if we ourselves deem it mutually beneficial? The fact that one man cannot simply hire another is ridiculous.

[HuxleyWasRight]

lazy people love the government, when people say "'the government should do this, that, the other" they're basically saying "i want someone else to deal with all the problems so i can go about my day".

[The6ChickMagnet]

I dont think friedman really ever understood that the Federal reserve was the underlying answer to all these problems and i think he may have realized this when he was really old and was probably super embarassed

[myhipsi]

Actually, Gold is a good hedge against inflation. It's not perfect, but its better than buying useless "stuff". With the exception of the gold correction in the early 80's, gold has steadily increased in value relative to dollars since the U.S. officially went off the gold standard in 1971.

[ToxinalX]

@TacticalCitySlicker I know that there are some differences, but I have heard him both speak against tariffs and speak for increased competition in money.

And if I may say so, eminent domain is something which I am not exactly sure of myself, but I'm not sure wether I have heard Friedman talk about it.

[digidave10]

The great Milton Friedman!

[TacticalCitySlicker]

@ToxinalX Friedman is an economist from the "Chicago School" of economics Ron Paul, Ayn Rand, Murray Rothbard, Lew Rockwell. Ludwig von Mises, are all from the "Austrian School" of economics...

The main difference between the two schools is that the Chicago School is not consistent in it's call for economic freedom on the "Macro Economic" (Money, Tariffs, Eminent domain) while the Austrian School is.

For instance the Chicago School promotes the Carbon Tax along with the Koch's.

[ToxinalX]

@TacticalCitySlicker I can't look at it right now, but he said he thought it needed to be abolished didn't he ?

I mentioned Ayn Rand as well as Ron Paul. I could have mentioned any libertarian basically, that doesn't mean that they're all exactly the same.

[TacticalCitySlicker]

@ToxinalX Here's the unedited link...

/watch?v=uFsCuI3ts04

It starts at -32:00 & -40:44

"But that's not going to happen, don't kid yourself." - Friedman on the end of the FED

It's funny you should mention Ayn Rand. Friedman kind of reminds me of Dr Robert Stadler.

[ToxinalX]

@TacticalCitySlicker Sure thing.

/watch?v=JL3FT0O4kYg

[TacticalCitySlicker]

@ToxinalX Link me to the video where he speaks out against the fed and advocates it's abolishment.

Kudo's if you can find it.

[Hayleyfire929]

Fuck "Father Knows Best" Statism. I know what's best for ME, not some ruddy bureaucrats. If I have the same wants and needs to anyone in this comments box, I will be astounded.