Larry Summers Calls Milton Friedman a "Devil Figure"

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Uploaded by on Mar 20, 2009

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  • Is it just me, or do I feel like this clip has been edited to make Summers look more liberal?

    He didn't call Friedman a devil, he said he was a devil figure to his family when he was growing up. That says nothing about Summer's current beliefs.

  • 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!

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  • @effteedub92

    Where is my opposition? That's my own business. In relation to the previous argument? I can tell, in my opinion, a good opponent when I see one. Someone who insists on ad hominem and straw man arguments, well I have other, more interesting, things that I could waste my time on.

  • @hawaiianshirtedpony I happen to work in a non-union shop where you can get fired for trying to start up a union, or more technically, they'll find a legal reason to fire you. I do quite well for myself regardless and we have no need for a union. Where is your opposition to unions forcing anyone who wants to work at a certain place to join them?

  • @CosmicFork The real reason that the working class is not doing as well is because our dollar has been inflated so massively by THE GOVERNMENT. The standard of living is much higher than it used to be because of guaranteed money to people who don't earn it thus the incentive of companies to keep prices low has vanished.

  • @PazGuerro I cried with joy... I'm glad Friedman is Dead! He was nothing but a shill for the I.M.F. & The Huge Transnational Corporations anyway.

  • @hawaiianshirtedpony Oh, O.K. I understand now. So I'll change my statement to Managements goal has been to undermine the basic rights guaranteed by The 1935 "Wagner Act" or National Labor Relations Act in The 20th and 21st Centuries, in America. The result is the same though, the wealth in the country is more concentrated than ever before in our nations history & the Working Class is reduced to living under 3rd World conditions... Great.

  • @CosmicFork

    First, I never mentioned economies of scale.

    Second, my argument is that when you used the absolute "always" your statement became impossible.

  • I cried when I watched this... I miss you, Milton!

  • @hawaiianshirtedpony So, your argument is that because management of economies of scale, began more than 5075 years before the American Revolution, then somehow it was justifiable for the Reagan Administration to allow the Business Interests of our country to illegally fire tens of thousands of working people for even breathing "Union" under their breath? LOL! That's Rich! Have you considered going into comedy? Because that's the most ridiculous argument I've ever heard.

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