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Power of the Market - How to Cure Inflation 2

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Uploaded by on Oct 26, 2008

Milton Friedman discusses what causes inflation and how it cured. He leads the viewer through the monetary process so that, in the end, the situation is crystal clear. This 3-part series is invaluable to understanding the lessons of history and applying them to the economic philosophies put forward by political candidates (21 of 30) http://www.libertypen.com

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  • I think there are three main problems with most people's "common sense" thinking-

    1. They think that the government passing a law will necessarily effect a positive change.

    2. They think that the state is always the most well-organised and benevolent agent of change.

    3. They confuse "society" with the state.

  • One thing i love about this man is his objectivity. Most jews would never give Germany credit for anything. That is why i consider him a free think. I was in an arguement with someone because i called him a philosopher.

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  • @krillin876 Liberitarians dont belive in states, just indeviduals :D

  • @Myndir Number 3 is the most crucial one. It's what "allows" socialists to claim that their laws correspond to human nature as a "social" being.

  • Friedman = greatest thinker of the last 100 years. The Austrians have utterly failed at communicating a message in my opinion (things that are common sense to us, are dumbfounding to most in society). Keynesians have won in the court of public opinion.

    Friedman is the best voice of free markets we've had. He knew what the real message was, how free market principles help the every man, not something the every man was likely to never encounter. We can use more Friedman.

  • @Myndir My friend you are absolutely right on the money! .. This is the problem with today's Western civilization.

  • The President is selected, not elected.

  • President Obama and the nurses in Philidelphia watch the 4 minute mark and learn the errors of your ways. Tea Party Members: subscribe to LibertyPen and watch all Milton Friedman's programs. Make sure we elect representaives who believe in Friedman's answers and beliefs.

  • Do you care to explain

  • The president is a puppet  in the US

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