Milton Friedman on Donahue 1980 (2/5)

Milton Friedman provides a direct and to-the-point defense of capitalism and free trade. He explains how governmental regulations, no matter how well-intended, are inevitably infiltrated by business interests which use governmental power to stifle competition. He also explains the economics of why drug prohibition doesn't work to control drugs.

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[kydenj28]

I was born in 1980 and he's warning that the Government will take us over if we don't do something, but I see that the government has taken over the people. Noone listened now we are servants of the Government. The people are now here for the Government. it's time to take our country back.

[joojoo1234]

When does Donahue come out with the DNA test?

[DeznSum]

@EternalIntelligence actually most people believe that WWII would have ended even without the atomic bomb. The a bomb just sped it up. But think about the amount of fear created by the a bomb and n bombs to this day (I.e. Iran)

[Cornampoo]

"Let me give you a very simple example.."

I love it when Friedman goes like this :)

[EternalIntelligence]

@RocknRollaRevolution without albert einstein there would be no atomic bomb, thus you probably wouldn't be alive right now since WW2 wouldn't be over. Both of them made sound contributions to society in their own respective fields. And they're both Jewish =)

[KHearons]

you can tell by the squirming that Donahue is allergic to facts ;)

[RocknRollaRevolution]

Milton Friedman > Albert Einstein

[dedbusted]

@TheTrueLiberal Go to Friedman's Free to Choose series--it's here on youtube. He is surrounded by economists during the conversation segments.

[rdiaz921]

asset backed securities and the mortgage crises is an outcomes of banking deregulations of the 1980s.

[SirManUp]

@mrfancyboy1 Price cutting prevents total loss. If I have a product sitting on the shelves that is not moving(lack of demand for whatever reason), I cut the price (usually somewhere near the actual wholesale value) in order to get something instead of nothing. If I cut too low( below wholesale), I take a loss financially because my investment is not returned. People are likely to buy cheap and "marked down" items when times are tough. If you could sell at the original mark-up, who wouldn't?

[cdw100]

I just flew first class and had cutlery, china, and stemware. There are how many airlines now? Lots, donahue is a memory of why rich leftard liberals will always be wrong.

[MickeyDee0341]

"The best protection for the consumer, the best offense against monopoly... the most effective anti-monopoly legislation you could possibly have would be free trade."