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The Most Persistent Economic Fallacy of All Time!

From a lecture given by Dr. Milton Friedman in Erie, Pennsylvania (1978). This is essentially a restatement of the "parable of the broken window." This fallacy has been known since at least 1850 ...  
 
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louiethegreater (2 days ago) Show Hide
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It should be apparant by now Friedman was wrong about our economy.
TheTrueLiberal (2 days ago) Show Hide
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@louiethegreater

It is apparent that you are a troll.
louiethegreater (2 days ago) Show Hide
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TheTrueLiberal, Why don't you mind your own business.
TheTrueLiberal (2 days ago) Show Hide
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@louiethegreater

That makes a lot of sense, troll.
louiethegreater (1 day ago) Show Hide
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TheTrueLiberal, You are the troll, I simply made a post on Friedmans, dehumanizing of economics.
geoffmullins (5 days ago) Show Hide
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If you like this, search for the green fallacy on youtube, amazon, or barnes and noble!
learn more about lying environmentalists!!!
truevoice08 (1 week ago) Show Hide
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What's this about debunking Rothbard on fractional reserve banking? Fractional reserve banking is THEFT. Milton Friedman is a great economist but he is a 'money socialist', 'road socialist' and 'security socialist'.
Americaisgreat123 (1 week ago) Show Hide
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If fractional reserve banking is theft then why do you (as I'm assuming) put your money in a bank account? You know the bank lends it out. If you don't want theft occurring, banks offer safety deposit boxes where they won't touch your money. Of course, you'd have to pay them for that because they need to stay in business somehow.
umrmecheman (2 weeks ago) Show Hide
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this is what obama is doing now. he just shovels loads of stimulus money to his constituencies and tries to claim success bc the money is being spent but as MF so rightly points out productivity is what matters not just spending money. If spending money were all it took to stimulate the economy we could just hire people to dig holes in the ground and pay them high wages. Which in some cases is what Obama and is admin are doing.
Americaisgreat123 (3 weeks ago) Show Hide
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I know how you feel with that gigantic reading list. It always seems that I have a years worth of books to get to.

Mises was quite the intellectual giant. His works are not scared of being deemed "beast" status.

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