Friedman on Reagan

Nobel Laureate Dr. Milton Friedman discusses the principles of Ronald Reagan during this talk for students at Young America's Foundation's 25th annual National Conservative Student Conference

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Nonprofits & Activism

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• Milton Friedman
• Ronald Reagan
• freedom
• capitalism
• depression
• federal reserve
• students
• principles
• conservative

[CosmicFork]

Let's talk about Friedman's ideological consequences on the real world, as seen in "Reaganomics". The effort to undermine and destroy Labor Unions peaked in the "Reagan Years". I lived through those years, and only Margaret Thatcher succeeded in smashing down workers in England better! Managements goal has always been to undermine the basic rights guaranteed by The 1935 Wagner Act, or National Labor Relations Act. The basic method of this Anti-Union War is illegally firing thousands of workers!

[Redfingers]

So some of the biggest corporations in the world, rather than getting prosecuted for fraud and money laundering, which we know they did because they settled out of court, were given hundreds of billions of dollars under the Bush and Obama administration Congresses, and $16 trillion from the Federal Reserve under Ben Bernanke, oh my god, it's so hard to pay American workers as much as during the Bush Sr administration the cost of doing business and credit is so harrrrd.

[sfjeff1089]

@wowzabowza123 Labor unions are also responsible for giving us 8 hour days, weekends off, etc. Meanwhile the extra wages they take? We have seen that if they don't take them, then it just goes to CEO's. Of course when that happens the middle class shrinks.

By far the fastest growing period in our history was 1933-1942 when the policies of the New Deal were in place. Remove the space from bit .ly/v83Eo7

[wowzabowza123]

@CosmicFork The labor unions (which you capitalized for some unknown reason) are grossly overpowered and have run the American auto industry into the ground, and they actually take away the rights of many workers by forcing them to join and pay dues, which then go to campaign contributions for politicians whom the individuals may not even support.

[Redfingers]

@Ixandius

Minimum wage is actually lower right now, when inflation adjusted, than decades ago, when average wages were actually higher. But executive salaries continue to inflate, until they are tens to hundreds of times higher than the average worker at their corporation's salary. Why? Regulations? Taxes? When they give tax holidays to large corporations, their record is to cut jobs and give themselves huge bonuses and stock dividends. Grow up.

[Ixandius]

@Redfingers Yet you conveniently forgo the fact that regulations are so ridiculous that we're regulating our jobs away. It's been a well known fact that people in other countries will work for much lower wages than Americans, yet only during the great depression and in recent years have we had such an issue with jobs. Why is that? Because we are printing too much money and regulating far too much - the cost of hiring a worker is much higher than just their wage.

[sfjeff1089]

"that was the key thing that made possible what we now have (Reagan's adherence to principal)". No arguments with that, but you should also mention what we now have is a growth rate that was about a third lower 1980 - 2010 than it was 1945 - 1970, accompanied by a series of asset bubbles and massive growth in asset sectors at the expense of the real economy to the point where if the financial sector dissappeared like at the beginning of the Great Depression, it would leave an equally large hole

[CosmicFork]

Let's talk about Friedman's ideological consequences on the real world, as seen in "Reaganomics". The effort to undermine and destroy Labor Unions peaked in the "Reagan Years". I lived through those years, and only Margaret Thatcher succeeded in smashing down workers in England better! Managements goal has always been to undermine the basic rights guaranteed by The 1935 Wagner Act or National Labor Relations Act. The basic method of this Anti-Union War is illegally firing thousands of workers!

[H1TMANactual]

@Redfingers Umm NO. After reading your "plethora of information" (lol) is exactly why I called you a retard. And then your retarded reply just proceeded to confirm it. Let's look at some of your gems:

"Real wages have not risen since the 1970" Umm NO. Real wages have risen consistently. Source: US Dept of Labor.

"What fucking tariffs?...tax holiday" Yeah it's called capital flight (look it up) & we know what causes it.

I am out of space. Try again retard.

[Redfingers]

@H1TMANactual

Well, if you make a bald ass assertion about my intelligence instead of responding to the plethora of information I reported, all of which is true, then I guess you win. Not much I can do. I am retarded after all.

Jesus Christ, I swear to god, some of you motherfuckers simply should not be allowed to vote. Or breed.

Unsurprisingly, you play Call of Duty AND like Milton Friedman. Jesus Christ, I need to take a shower after talking to you.

[H1TMANactual]

@CosmicFork If employees have rights, why don't employers?

[H1TMANactual]

@Redfingers Try seeing a doctor for your retardation.