Milton Friedman The Path to Global financial crisis 2009

An analysis of the global financial crisis by Jacques Sapir, Research Director at the School for Advanced Studies in the Social Sciences, argues that the neoliberal economic model promoted by the United States is at the basis of the current crisis.

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[apetr7586]

Many of your characterizations of Friedman's beliefs are totally wrong. Watch some of his youtube videos and you'll realize how intellectually honest the man was. He was against Corporate Welfare for example. He was a great teacher who made so many young people think deeply about one of the most important subjects for them to undrstand. That is a proud legacy that even his liberal rivals such as John Kenneth Galbraith would recognize.

[twk373]

I don't really see why people say "right wing" fascists, particularly in reference to the Nazis. Presumably this is meant to be a slur against conservatives.

But what, precisely, is conservative about fascism, let alone Nazism? Hmm? Fascists put free markets, individual liberty, and morality behind the interests of the state. Does that sound "conservative" or "right wing" to you?

Isn't it the "left wingers," those who favor a powerful, controlling government, who are closest to fascism?

[johnvannewhouse]

This video is almost too stupid for words... but I will try. What ADULT would think that a series of utterly incomplete snippets of what someone said followed by doctored photos would be IN ANY WAY a serious analysis of the global financial crisis OR convincing to someone with more than a fourth-grade education? This is such a transparently pathetic work of agitprop liberal propaganda...and is isn't even GOOD! ."OOOoooh, capitalism is bad...ooooohhhh". Too sad....

[MrStoneBullberry]

This is so misleading. You picked apart his quote about Democracy and lied about the rest. We DO NOT have a democracy and NO ONE would actually want a democracy in the United States. In a true Democracy, 51% of the people could decide to shoot the other 49% and the other 49% would have to take it. In a democracy civil rights would have never come about because every southern state would have voted individually to keep slavery. Democracy is morally reprehensible. A republic is what we have.

[MrSmartopinion]

It´s unbelievable that so terrible ideas could be taken seriously by people. These opinions about Friedman do not deserve any comments. Surely the guy who broadcast this awful video has never read any part of a serious economics book. Fortunatelly great economists like Friedman, Samuelson, Tobin, regardless their different points of view in economics, will live forever for their ideas and their tremendous impact on young economists minds.

[instantpestering]

This is probably the greatest piece of video garbage I have ever seen. How irrational does one have to be in order to believe this crap? Where in the world did you acquire such crazy ideas?

When in human history did your model of government controls, of collective rights, ever benefit mankind more than a society that holds individual rights as the highest virtue? I can never get past this idea of your model; what do you plan to do when there are no individuals to rob, no wealth to steal?

[mixmastermeeks]

In my opinion, the fact that the only way anyone can attack Milton Friedman's ideas is by making ridiculous attacks on his charactor or taking his quotes and ideas out of context just proves how right he was.

[albertvader]

bla bla bla bla, lies and lies, probably a radical leftist

[NearAbbeyRoad]

John Maynard Keynes:

"The Conservative belief that there is some law of nature which prevents men from being employed, that it is 'rash' to employ men, and that it is financially 'sound' to maintain a tenth of the population in idleness for an indefinite period, is crazily improbable"

The Chicago school of economics had high unemployment as a deliberate policy in Chile, to depress wages. Freidman was a big wig there.

[NearAbbeyRoad]

Milton Friedman said....

“Land should be taxed as much as possible, and improvements as little as possible.”

"In my opinion the least bad tax is the property tax on the unimproved value of land, the Henry George argument of many, many years ago."

A pity he never pushed Land Valuation Taxation with force, otherwise we would not have had a financial crash and wealth would be "fairly" distributed.

[vincentkjones1]

khallaghi try actually finding out about your subject before posting an idiotic clip that looks like it is straight off the Sorros cutting floor.