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Milton Friedman on Plagarizing Ideas

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Uploaded by on Dec 3, 2006

A reflection on the life of famed economist Milton Friedman from his friend and colleague Leo Melamed. Mr. Melamed joins us from the Chicago Mercantile Exchange. Among his many accomplishments, Mr. Friedman is credited with halting the Vietnam War draft in the 1970's. He is also known for his passion and support of free market trading.

In this interview on firstbusinessx.com, Mr. Melamed reflects on Friedman's ideas regarding the plagiarizing of his ideas.

www.firstbusinessx.com

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News & Politics

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  • "Unlike you British socialists"

    Don't worry, they haven't got us all.... yet.

  • Friedman was almost as great at Mises.

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  • hahaha great view on plagiarism indeed! i didnt know he played tennis xD and Mr. Melamed is almost right. Milton would never lose a debate. Unless the man he was debating was Peter Jay HAHA

  • Friedman was greater than Mises.

  • Friedman and I have many, many points of disagreement. However, his view on plagiarism seems to be in line with my own. If someone uses your ideas, and even refuses to credit you or extrapolate on them further, at the very least your ideas are gaining additional exposure and consideration.

    Besides, if you get right down to it people can check the publishing date on various articles in their databases. Plagiarism is damn easy to spot these days. So you'll get your credit, if it means that much.

  • Milton Friedman would have supported internet piracy ;)

  • I love Milty... I wish I could have met the man.

  • actually, TANSTAAFL is from several decades before Friedman's book. Robert Heinlein popularized it in 1966 in his book "The Moon is a Harsh Mistress" but it was in use before that.

  • @Slayer8957

    end the FED.

  • @KhmerD0g those have to be decided by the central bank unless a country denationalizes money and lets private banks issue their own private currency like they did during the free banking era. seeing as no country in the world has done this, we are stuck with central banks controlling the rates and requirements of the national fiat currency.

  • @Slayer8957

    the central banks shouldn't decide deposit rates, discount rates nor reserve requirement. those should be left to the market to decide. the FED decides those rates and it caused today's economic mess. they released too much liquidity in the 1990's that it caused Nasdaq bubble. they released another liquidity in 2001 right after 9-11 attacks to show Bin Ladin that America economy is strong and it caused housing bubble. cheap money causes havoc by speculations and high leverage. #LOL

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