Milton Friedman '79 - CNBC Capitalize on it.
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No idiot. It was Fannie Mae, Freddie Mac, the Community Reinvestment Act, and Congress which took subprime mortgage lending to a new level.
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Didn't the free market cause the banking crises? That's what the people in politics that forced all those low interest no money down loans for the poor say.
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I've had that interview on my iPod for years, thank God CNBC made a decent commercial, even if they suck in every other way
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Phil looks so unhappy . LOL
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Professor Friedman was succinct, emminently-clear, and an unabashed herald for the blessings of Liberty, Capialism, and the Free Market. Woe to us if his message is lost in time. The re-emergence of his thought now is more valuable than ever. Let us hope that it is not too late.
1 year ago 6
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Milton Friedman is my hero. I have so much love for this guy. I wish he were still here; we need people like him now more than ever.
cdcarroll42 1 year ago 24
Looks like the free market is fighting back.
mustang607 1 year ago 23