Milton Friedman on the Importance of Teaching Free Markets

Nobel Laureate Dr. Milton Friedman emphasizes the importance of teaching free markets on campus during his remarks for Young America's Foundation's 25th annual National Conservative Student Conference.

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[stick1to2the3issue]

I miss him

[jdub2255]

me too

[tstruss912]

@LogicalFlawDetector Not at all. You need mechanisms that prevent those with billions of dollars and control of the media, the land, and private institutions from controlling us. That takes a group effort, gov. My point is, sometimes gov helps individual freedoms. Rights for blacks is a good example: did the "market" of ideas help them? Does the market keep the third-world free? Not really. The market can be a tyranny just like anything else. Don't believe the corporate propaganda!

[LogicalFlawDetector]

@tstruss912

But markets are merely economic interactions of individuals. If you enhance freedom of the individual, you are enhancing freedom of entire societies.

[tstruss912]

@daobagua Ya....that made no sense. I was stating that it's WORSE now, not better. Man, you need to go take a class in logic or something....

[daobagua]

@tstruss912 What life was better, living in america between 1850 and 1900 or living in spain between 1500 and 1550? What America was better, living in 1700 or living in 1800 or living in 1900? I'll save you the effort, it is the more recent one. Why, because the recent generations stand on the shoulders of the people who came before. It would take a failure of catastrophic proportion to reduce this trend.

Your argument is so weak and dishonest, that it doesn't even deserve the above reply.

[tstruss912]

@pretorious700 Am I really being hectored by a friedmanite? That's cool. You guys are basically the right-wing version of the Desteni cult so I don't take your pablum (word of the day!) too seriously.

[tstruss912]

@daobagua "Judging systems by their intention and NOT their results shows an imbalance of reasoning. " EXACTLY!!! Well said. Now apply that to yourself. What America was better, '45-'78 or '78-present? Guess which one is more of a "free" market. Ya, I'll save you the effort, it's the shittier one.

[pretorious700]

@tstruss912 Socialist pablum.

[daobagua]

@tstruss912 Government controlled markets are silly. They expect that complicated markets can be controlled by a few individuals. The results of this system on the people within it are largly ignored, replaced by irrational sentiments and intentions. Judging systems by their intention and NOT their results shows an imbalance of reasoning. Now didn't that sound condescending.

[tstruss912]

Free markets are silly. They only look at individual freedoms: small-picture causality, small-picture freedom. The effects on the system and the rest of the people in it are totally ignored. It truly shows an imbalance in reasoning.