Responsibility to the Poor

Milton Friedman 1978. From a lecture given at Stanford University.

Read about the racist minimum wage here:
http://www.lewrockwell.com/williams-w...
http://www.youtube.com/watch?v=zMMN3U...
http://www.lewrockwell.com/hornberger...
http://jewishworldreview.com/cols/wil...
http://mjperry.blogspot.com/2010/03/m...
http://cafehayek.com/2010/04/an-entre...
http://mjperry.blogspot.com/2010/06/t...

From Milton Friedman Speaks: Lecture 04, "The Role of Government in a Free Society"
http://www.freetochoose.net/store/pro...

• Category

  Education

[Tony Starks]

Milton Friedman looks at the benefit at the 19th and 20th century....in times of segregation, Jim Crow laws, lynchings, etc. Racism is a mental illness, the market cannot fix mental illness. He ignores the human condition when it suits him. The building is not the people and yet the laws of the government are not the people?

This is a classic failure of economists, their religion prevents them from accepting anything beyond their religion.

[alex boxebe]

Government is in most cases the one entity that creates most poverty and most social issues when it becomes to big and decides to become our protector and helper if we just trust it a little more.

[Tony Starks]

Often welfare is mentioned as a classic target. Welfare is never allowed to run as a program without it being pointed as a system for economic dependency. This attack on welfare occurs from libertarians and the conservatives. It is not that welfare cannot work, it is that is not allowed to work. If the program was setup without right wing meddling, it could create a path to independence.

[Eternus Via]

Yes, but nonetheless I think his points still hold true. If you need further evidence, simply look at the productivity of welfare recipients in our current age. Not necessarily their productivity per se, but look at the incentives that welfare takes away and the incentives that welfare produces. Without a single exception, there is a negative effect.

[tristramshandy3]

Government played a central role in the mining and transportation of those abundant resources- there has never been a free market and there most likely never will be.

[Malcolm Pagett]

Says the billionare playboy genius. lol.

[Scott Andrew Hutchins]

But Friedman is saying that they were better off when child labor was allowed, and that's an untenable hypothesis,

[Scott Andrew Hutchins]

No, austerity he punishing the poor for the bad decisions of the rich.

[Scott Andrew Hutchins]

No intelligent person agrees with Friedman when he says that the American worker had things best in the early 20th century prior to the influence of the unions.

[decalco137]

If you call your government, Goldman Sachs, J P Morgan Chase, Morgan Stanley, than you're right... The problem with you people, that you don't see the government is in the pocket of those criminal gangsters.

[Jorge Anderson]

Occupancy. This creates a demand for prisoners who the private prisons then farm out and pay the prisoner 1-2 Dollars per hour while the prison is paid a nice salary for providing man power and nice profits for investors encouraging slave labor markets is wrong. If we are required surrender our children at birth to the state for registry then it is required that we give better education to the people in the first place. It is essential we stop the criminalization of people for profit.