Milton Friedman - What is America?

Professor Friedman discusses a subject that has never been more relevant than today. (1978- University of Chicago) http://www.LibertyPen.com

Source: Milton Friedman Speaks
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[bluefootedpig]

@thebestsumoeva We do have one, his name is Ron Paul and he is running for president in 2012.

[AroundSun]

Engaging in 100% voluntary contracts, making more and more money in a safer less labor intense job, while everything around me costs less and less while increasing in quality. More various higher paying jobs available in more desirable fields with a small central government there to protect my life, liberty, and property from others. A GOV to provide for police, courts, and defense. Money that increases in value instead of stagnating or decreasing. No central bank. Who wouldn't want this??

[atreya87]

hi Liberty Pen,

Thank you for uploading these videos. Is it possible to upload the entire 15 part lecture series? I will contribute money if I have to.

[mtstatehk14090914]

@TheLogicJunkie Ok just because you give it to banks doesnt mean its not in circulation. its still inflating the dollar. if the fed printed it and gave it to the middle class it would still inflate. youre mad cause it was given to big companies and you think thats capitalism which in fact its corporatism. im mad that there is even the FED. Friedman is right

[TheLogicJunkie]

So yeah, please do invoke that phrase "in circulation". Except, from now on, do try to be a little more forthcoming about the kinds of people and organizational organisms that all the money is being primarily circulated TO, to start off with. Because, in case you haven't realized, who money goes to FIRST makes a gigantic difference in who ends up controlling society, and in what direction it's steered.

[TheLogicJunkie]

And then you have the vast ocean of "transfer payments" going to vast herds of people, as a reward for doing absolutely nothing -- not even developing themselves.

Meanwhile, there is a withered remnant of a class of largely self-sufficient and truly responsible people whose every effort to really contribute and innovate has been systematically illegalized and crushed, all so that their potential activities don't undermine any of the dandy darlings with subsidy monopolies.

[TheLogicJunkie]

And how much of this money "in circulation" gets initially shunted EN MASSE to an overindulged and wanton military whose real primary function is now to undermine oil-bearing nations all over the world because even James Schlesinger -- the ULTIMATE war hawk -- has said that "we are all peakists now", and so now there is a mad scramble to seize oil territories? America's ruling mob could've allowed or facilitated the development of alternative energy decades ago, but nooooo...

[TheLogicJunkie]

And how much of that money has been going toward making treacherously fat pay-outs for trusting sucker 18 year-olds to get heavily in debt to the drooling fangs of Sallie Mae, so that they can be subsidized to more easily fall into the trap of a college degree for which there is virtually NO market nowadays, and thereby end up as debt slaves FOR THE REST OF THEIR LIVES, or until they put loaded guns in their mouths (which may be a big driving factor in all this)?

[TheLogicJunkie]

"Whoa"? You have a funny way of invoking that phrase "in circulation".

How much of that money "in circulation" has been given in the form of astronomical bailouts to brat-buddy bankers and others of that ilk whereby the Fed then turned around and incentivized that money NOT being circulated, by paying substantial interest for that same gang to leave it in Fed banks, earning big interest? That's really some "circulation".

[mtstatehk14090914]

@TheLogicJunkie Whoa! You obviously have no clue of economics if you think that America has a lack of money in circulation. In fact, the Federal Reserve is printing trillions of dollars to pay for FEDERAL govt programs and wars which is putting tons of money in circulation and inflating the dollar...

See you want socialism which involves the govt to fix the problems when its the govt causing the problem in the first place.

Do you have any other argument other than a CIA conspiracy? Really