John Stossel - Influence of Milton Friedman
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Uploaded by LibertyPen on Sep 15, 2010
David Boaz of CATO joins John to discuss the massive impact of Milton Friedman on America and the world. http://www.LibertyPen.com
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Top Comments
All Comments (84)
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Milton Friedman was wisdom personified
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Milton Friedman is straight forward and easy to communicate.
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Stossel said the key word at the end: "counterintuitive" ... people have a really hard time wrapping their head around counterintuitive ideas. And people tend to get really angry when you tell them their intuition is wrong. The Monty Hall problem is a good example.
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Yes Estonia and the Czech Republic's prosperity lasted just long enough for foreign investors to race in and buy their industries up. That is the state run industries that had just been privatized. Then the poverty sit in. The same happened in Russia. What a liar this creep is.
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When your head is *occupying* your ass, you really can't figure out that Friedman supported the gold standard under certain conditions (19th century low government spending), and was opposed to Keynes as much as the Austrians were.
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@LibertarianWatch I'm curious as to why he became against the gold standard, didn't he support it at first?
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Still pushing that supply-side bullshit!
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Friedman, Stossel, Paul, Napolitano, and I are ALL Strict Constitutionalists! :D
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@fzqlcs I was for socialized programs like medicare, minimum wage, etc. I was 16 at the time and working a minimum wage job. With help from Ron Paul, I started to open my mind and eventually made my way to being a libertarian capitalist. The only way to get people to change their views is through civil discourse and debate. I regret not learning limited government and free market systems earlier.
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Friedman= Good libertarian and you could stretch minarchist. In the long run though, especially monetarily, he was just a monetary Keynesian. Friedman was against the gold standard and had numerous economic fallacies. He is still a great economist over all, but he is nothing compared to Rothbard and Mises.
LibertarianWatch 1 year ago 7
@LibertarianWatch Rothbard is the genius who wrote that the Great Depression was caused by a loose monetary policy. Aside from a few anarcho-capitalists, no one takes him seriously. But whatever floats your boat.
tjohn1986 1 month ago