The world is a lesser place without this man. No other way to put it.

Prof Friedman is 93 years old in this interview. Amazing. He would pass away one year later. His mind so sharp all the way to the end. A great American.

@louiethegreater1

2 жыл бұрын

Doesn't surprise me a bit, insomuch as he lived a life of leisure, off the backs of the rest of us.

@rigel3835

2 жыл бұрын

Matt I can’t believe what this individual replied to you.

@lyndonbarsten393

2 жыл бұрын

Thomas Jefferson, Tom Paine, Abraham Lincoln and the Roosavelts warned us about people like this.

@jfnauvcndjakmnfksdhkajf1867

2 жыл бұрын

@@louiethegreater1 Would you prefer him toiling in a factory or in the coal mine? Such individual not only of great intellectual powers and wisdom but also of a stellar moral integrity as Friedman was worth far more to society living a public life of educator and scholar rather than a common worker. I know I would prefer him dispensing wisdom.

@louiethegreater1

2 жыл бұрын

@@jfnauvcndjakmnfksdhkajf1867 Have you considered that Friedman was not a intellectual giant? Have you considered that our dependence on the world supplying us with our needs, is the result of Friedmans trade policies. You are deceived, Friedman was only the vehicle that globalist used to convince fools that Free Trade was in the interest of the U.S. Citizen. All the globalist that infiltrated our government need do is to disrupt global shipping, and Americans will be starving and naked in the streets. Listen my friend that is about to happen. The 2000 election was stolen from Trump, and given to Biden to end America as we know it. Global Government is their goal, and Friedman was one of the vehicles used to produce their control over the American People.

Is he 93 here? What an exceptional man and mind.

from around 18:00 onwards, the way he talks about the problems with the euro for Germany (and subsequently for all Euro countries) is mind-blowing in terms of his effective prophecy. People should watch every video of Friedman on KZread. An incredible man. As was his wife Rose and incredible woman.

@barryweiss9977

3 жыл бұрын

YES!!!

@louiethegreater1

2 жыл бұрын

Wow dude you must have completely overlooked the fact that Germany's Golda Meir permitted one million Arab Immigrants to enter Germany. Then they were allowed to move throughout the EU. Friedman did not mention that he was a supporter of that activity. Those Arabs has done nothing but join the welfare system of Europe. Friedman was a supporter of that activity, which is globalization. Nothing economical about it.

@lukemccann

2 жыл бұрын

@@louiethegreater1 but my friend, he wouldn't advocate a welfare system!! :) in that scenario, they would have to work! and therefore only go if there was opportunity, and had they the desire to work

@spencerantoniomarlen-starr3069

2 жыл бұрын

Excellent comment good sir!! Milton Friedman was the man who through KZread videos of his lectures, discussions, and debates, jump started my lifelong obsession and interest in economics and he is still my 2nd or 3rd favorite economist of all time (living or dead). I have even read a book written by another economist (Eamonn Butler) entirely dedicated to explaining the nature and findings of Friedman's work as an academic research economist to the public who do not understand the mathematical or statistical/econometric technicalities of Milton's academic work on monetary theory, the permanent income hypothesis, or his methodological paper staking out his claim as a father strict and literal positivist... Anyway, all of that was just to show you some of my bonifee days so you know how much this compliment means coming from me when I say that one of my main beefs with people who quote Milton Freeman and cite his genius is that they almost never mentioned his wife Rose Friedman who was also an economist in her own right meaning that Milton Friedman always basically leveraged the power of two top rate economics minds in all of his works which is almost surely one of his main comparative advantages and at least one reason why we have yet to see a another Milton Friedman come along!

@louiethegreater1

2 жыл бұрын

@@spencerantoniomarlen-starr3069 You do understand that it was Friedman Economics that brought the world where it is today, The plutocracy with Friedman's ilk out front hoodwinked unsuspecting Americans into giving CCP , half a trillion dollar trade deficit annually, The US middleclass gave up their wealth to bring China into the global elitist. I call Friedman a Global Plutocrat, nothing more.

I love Milton Friedman. I miss him very much.

@spamme1138

2 жыл бұрын

thanks for writing it for me

@lukenewt1683

2 жыл бұрын

So do I

@lukenewt1683

2 жыл бұрын

I could write an essay on how much I love Milton Friedman but it will be easier to say I love you than anything else.

@StephenPaulTroup

Жыл бұрын

Same here.

Wow, no doubt about it this guy really has it together, just sorry I'm discovering him after he has passed on.

@danielwellington8380

3 жыл бұрын

Main stream media kept people like this hidden.

@WorldsEdge608

3 жыл бұрын

Same here. Just discovered him.

@TommyJefferson1801

2 жыл бұрын

@@danielwellington8380 except PBS. PBS gave him prime time for Free to Choose. Also PBS produces real good documentaries.

Best communicator of economic value that ever lived. I was bless by living in a time when such a great mind gave so much to society.Friedman

@michaelkilcommons57

Жыл бұрын

We have largely been following the philosophy of Milton Friedman for the last forty years and the country is literally falling apart. The man was a consummate con artist.

Professor Friedman was entering college right after the stock market crash of 1929 and decided he better learn what caused the disaster. He was a brilliant man.

@JK360noscope

2 жыл бұрын

Well he better!

@sanekabc

Жыл бұрын

The Fed Reserve system caused it. LOL

@michaelkilcommons57

Жыл бұрын

We have largely been following the philosophy of Milton Friedman for the last forty years and the country is literally falling apart. The man was a consummate con artist.

@robertprawendowski2850

Жыл бұрын

👍

Adam Smith rightly saw the dangers of this more than 200 years ago: "The proposal of any new law or regulation which comes from [businessmen], ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it." -Adam Smith, An Inquiry into the Nature and Cause of the Wealth of Nations, vol. 1, pt. xi, p.10 (at the conclusion of the chapter)(1776)

@MrDanielfff777

3 жыл бұрын

👍👌

@kullekusk8136

Жыл бұрын

Where can I ready more about this, the founding fathers?

Fantastic. Can't listen to enough of his presentations. Genius.

@barryweiss9977

2 жыл бұрын

do you feel the need to have everyone you know listen?

@theodoroseidler7072

2 жыл бұрын

@@barryweiss9977 not really. Different people have different interests. But I do share with the ones I feel would appreciate it.

@barryweiss9977

2 жыл бұрын

@@theodoroseidler7072 yeah. I should control that better

@pena.3302

Жыл бұрын

@@barryweiss9977 y u meen Read.or wtf w/"Where is the Battleground..forum.et al for idiot,(&Theyre comments) free zone..word!..Dint seem like here.ti me.

@pena.3302

Жыл бұрын

@@barryweiss9977 y u meen Read.or wtf w/"Where is the Battleground..forum.et al for idiot,(&Theyre comments) free zone..word!..Dint seem like here.ti me.

If freedom is going to be lost in America it will be lost by an increase in excessive government involvement "We are much wealthier today than we were in 1950 but we are less free today than we were in 1950." This man was a genius but we did not follow him and most people did not understand him. He predicted this very moment that we live in a dictatorship.

@00parini

2 жыл бұрын

Sorry if you live in Russia (truly) but that is quite likely not the case because that is an actual dictatorship where you probably can't even access this KZread video.

This interview also shows the fact that the Dallas Fed and it’s chairman are our leaders today. Thank you for recognizing a great man, a person who has actually changed the world.

Up there with Keynes? Quite the insult to Friedman, I might say.

@lmqs94

7 жыл бұрын

No way. Milton Friedman had great respect for Keynes. Watch C-SPAN interview.

@kqh123

3 жыл бұрын

Yes I was curious about that too. Surely Keynes is one of the most famous economists, but is he really one of the greatest? Hasn't Keynesianism been debunked?

@kqh123

3 жыл бұрын

@@lmqs94 gonna have to check that out

@darthnatas953

2 жыл бұрын

Keynes was brilliant, just wrong.

@jonrock5578

2 жыл бұрын

@@kqh123 Yes, Keynesianism has been thoroughly debunked in both practice and theory. Henry Hazlitt does well in his 1959 treatise "The Failure of the 'New Economics'", to thoroughly debunk Keynes' "General Theory".

Great respect for Milton Friedman

@robertprawendowski2850

Жыл бұрын

👍

God Bless this Great Man. His body was failing him, like all our bodies will, but his mind was always so sharp.

@michaelkilcommons57

Жыл бұрын

We have largely been following the philosophy of Milton Friedman for the last forty years and the country is literally falling apart. The man was a consummate con artist.

Milton Friedman was (and still is) one of the most brilliant Americans to have ever lived. If education is changed for the better in the future, students will get to watch some of these interviews with him.

What I enjoyed the most about Milton Friedman was his pure vision between Government involvement and you the person's responsibility to choose. In one video he hits Donahue with a clear vision of economics. Totally over the top of the Centralist Views of a liberal Donahue. Air bags imposed into cars by Democrat driven governments. Friedman pointed out, it removed my right to choose my own personal safety. Which drove up costs on vehicles. On and on Friedman brings a simple clarity to a civil discussion.

Love the insight & good humor that Milton Friedman gave the world. Friedman means either Peaceful Man or Free Man.

The Best comunicator. Fantastic and proffesor Friedman, THE bRILLIANT MANAND MY RESPECT ABSOLUTELY, AN EXCEPTIONAL ECONOMIST. Blessings.

And now we need him more than ever

Incredible wisdom

Most of this interview was just mind blowing. Explains a lot of the problems today. Some thing he get right but some turned out a bit wrong

why doesnt this video have more likes? cuz half the people using the internet or even youtube are idiots and dont care!!

@nobodyelse9451

10 жыл бұрын

my actual last name is fisher not labombarbe i was adopted researching into my past i came across this and somehow i have tons of stocks in my name so to be thinking what im thinkg yes and my grandfather was from TEXAS!!! houston to be particular i have stocks in recycling companies 50 dollars in one particular company i have lived in texas corpus to be exact if anyone could help me with my search thatd be great thanks!

@MrDanielfff777

3 жыл бұрын

That's the actual problem with the world today

One of the person I admire the most!!

Any American or global citizen Alive in mid 2022 should take a few hours a day and watch and read as much as they can if this great mind. The ideas and concepts are out there. It takes time for people to decide to actually get the job done.

He is very sharp for his age

@NakAlienEd

3 жыл бұрын

And his student/successor, Sowell is also still very sharp. I saw an interview he did just a year ago and was struck by how eloquent he was for a 90 year old.

@MrDanielfff777

3 жыл бұрын

@@NakAlienEd facts

Free to Choose!! 👍

Milton is the best. One thing he did not predict is how foreign investment in your country can create harm within it. If the investors build enough wealth.

A real gem, thanks for uploading

@michaelkilcommons57

Жыл бұрын

We have largely been following the philosophy of Milton Friedman for the last forty years and the country is literally falling apart. The man was a consummate con artist.

@youyoue4260

Жыл бұрын

@@michaelkilcommons57 hahaha 🤣 you sir, are very funny. Spoken like a true communist.

@michaelkilcommons57

Жыл бұрын

@@youyoue4260 I am not a communist at all. It seems clearly evident that when the natural resources of a country are nationalized, the revenues generated could be used to pay for essential services such as education and healthcare and to lower income taxes in general. The same goes for the banking system. The bankers and oil companies would be deprived of their billions but what have they been using the money for anyway? They have destroyed many other countries and are destroying the United States in the meantime. I was a big fan of Friedman forty-five years ago when I didn't know any better. Not only did his philosophy destroy many societies including our own, he also knew what he was doing all the time. He knew that his economic philosophy would lead to a massive redistribution of wealth to the rich from the poor and middle class but he did not care because he was benefitting all along. To support Friedman's philosophy, you either have to be blissfully ignorant or very rich and be benefitting from the ongoing redistribution of wealth.

@youyoue4260

Жыл бұрын

@@michaelkilcommons57 sure you can nationalize natural resources. But there's.more to an economy then raw materials. You story suggests that.Milton had some Ill intent from the beginning, I don't buy that. Besides he has not destroyed the economy at all. You claim the last 45 years have been Milton's policy but that is just a straight lie. I suggest you take another look at his webseries Free to Choose on KZread to get a better understanding of what he actually believed. I am sorry for calling you a communist since you sincerely try to engage in a talk. The power of capitalism is that it is the most efficient, and cheapest ways of making goods available for billions of people at a very low cost. In other words, it is one of the best ways to lessen poverty and increase relative richness. The only one to blame for high inflation and other domestic problems is the stupid policies of central banks worldwide and idiot politicians that have good sounding ideas with bad outcomes . If you want more on that read Thomas Sowells work, one acquaintance of Friedman.

@youyoue4260

Жыл бұрын

@@michaelkilcommons57 I am not saying there is no need for government interventions or rules. The dissappearance of small companies, being bought up by bigger ones is not a bad thing necessarily. Since even those who accumulate all the money, will not sit on it, spend it, invest it instead of sitting on it, their greed alone will do this, making even more jobs available, even if they only buy luxury boats with their money. Could you share what in your oppinion is the right way if not Friedman's ideas? Who do you think has a right view on it then? I believe Friedman is 95% right on most things. Nationalization of natural resources, is something that is compatible with a free market system. However, again, it does not matter, since if you have taxes, you will receive these funds anyway, and by having competition, you get even lower prices of for example crude oil versus government owned oil since they are usually inefficient compared to free market companies. The role of government here should be to watch these powerfull companies that they do not engage in illegal activities that disadvantage the general public; for example secret price agreements/ Cartel. To be fair the great depression was caused by too much printing of money by federal banks, followed by stock market speculation gone wrong and then a tightening of the money supply. The central banks hold immense power. If they raise the interest rates, there is less money supply to the general public; if they lower rates, there is a larger supply of money. The result of these policies is high economic growth or economic decline. However; The problem in the past, and still now, is the printing of too much or too little money; causing things such as price inflation. Making your money worth less or more. The best way to have a stable economy is to print a fixed amount of money each year for example, every year we add 2% to the total money supply. If nationalized this money could be used by the things you talked about earlier like infrastructure, roads, healthcare, education. In that sense , you could finance the economy while keeping taxes very low. At the current time, banks indirectly cause money creation by giving out loans. And are the major benefiters of it. By removing the central bank, and issueing money as a government itself. Meaning: The banks cannot receive money from the Central Banks, in this case, the banks, if they want money, would need to go to the general public, and for example offer good saving interest rates to attract people storing their money at this particular bank. As a consequence, the banks money supply grows, and the ability to loan at money as well. The big red flag in this also, is that right now, banks loan out 10-1000xxx as much money as that they own. This is where government should step in, with rules and regulations, for example, you can only loan out, what you actually have in stock; some claim this was the big upside of gold-backed currency. Just this change alone will immensly lower the power of all banks and increase the power of the government. Not only that but it will ensure stable housing prices, stable job markets, and stable economies which will invest in durable and sustainable long term growth instead of short-lived growth/recession cycles. See also this quote of Friedman on the great Depression kzread.info/dash/bejne/lYiE0dKHd5mygrA.html

Milton " THE TRUTH" Friedman

Milton Friedman was a voice of reason and now we are a rudderless ship it’s frightening

What seems to be missed by Friedman, in the discussion of financing spending with taxes versus spending, is that debt enables more spending than ever before. And more people than ever before are saving and subsidizing the debt-driven spending. Of course, we are able to look back over the carnage of all that debt has caused, the poop that has hit the fan since this interview 7 years ago.

By the way, Fisher has some great ideas about 'too big to fail' banks.

Has anyone got link to uncensored version?

Raise the volume. Thx

Beginning at 28:26, Friedman's dialogue was cut off at 28:31. Does anyone know what he originally say?

I think Milton Friedman overstates the knowledge of the general public, that's his one flaw, for example at 28:05, the general public don't know anything about public value

@lisad2701

2 жыл бұрын

Exactly. The average US citizen would need 20 additional IQ points to function as the society that Friedman envisions.

He would be so disappointed with the state of the world and how popular socialism is. Love you Milton. You where my light when I was in darkness

When will You Tube consider the serious historical revalence of all its videos and include the dates videos were originally recorded?

Friedman and his wife were the best!

What a great mind !!!

for long time Nobel Prize means nothing... or worse. I can agree that he was a great man though.

2:04 Somethng has been cut out 15:04 ..and here... It seems obvious to me, that this is supposed to be "getting all the knowledge and help we can from guy, who was right about us all along and now is passing away".

"Government shouldn't do much, just finance MY education and MY schoolarship that allowed me to study and go to university, but nobody elese" (M Friedman).

how can you compare Keynes in the same breath

Move the world to a flat tax system with an established global minimum wage. Which should be attached to a wage and salary index and would arise in accordance with the median percentage increases in wages and salaries so people at the very bottom of the ladder wages will keep pace with inflation.

Cheap credit misallocates resources to undemanded/lesser demanded ventures, increases the present consumption & acquisition of goods, distorts our time preference, creates a dependency on continuous overvaluations, & distorts price signals (because of relative price stickiness, unequal velocity within different sectors, & circular demand within scarce demanded goods [assets]). Speculation increases as lesser educated consumers spend & borrow. They have not went through the thorough process of elimination that normally happens in the free market. When these malinvestments inevitably must end & the spigots of cheap credit are cut, a _'deflationary death spiral'_ must ensue. You *have to* allow resources to be freed up, consumption to be detered, & then properly allocate them to where they're demanded. If not, attempting to correct malinvestments within the system will crash the economy. Market set interest rates & a scarce divisible currency naturally fix this. Banks & borrowers must compete for scarce savings. Through interest rates, these funds are allocated to demanded ventures. In direct proportion to how demanded they are & how much consumption is detered through saving. Since there's no inflationary effects, our time preference of consumption & production is balanced, thereby allowing projects to reach their full potential. Artificially cheap inflationary credit interferes with needed corrections & exacerbates structural issues. We need to raise rates, default, & let the market properly restructure. Building up our productive capacity is the only way to viably get demanded goods & services. There's no shortcut.

What would he say about Bitcoin?

Innovation and free trade

He trusted the people more than the fed host smh

🎊🐣📢 Yayyyy Milton 💃❣️❣️😘

I invoke the ghost of Milton back into the world to save us from the tyranny of control.

@BolsakTBagger

2 жыл бұрын

Ok I'm back. What can I do for you?

@AntoniRams

Жыл бұрын

Me too, I see an expansion of left tyranny of control, orwellian order

Too bad great people have to die. I liked him a lot. A lot good commonsense. Too bad our country doesn't listen to people who warn us of big government.

It works in so many ways on one hand is there ever been a stronger reason to get sober like so fucking sober and then there's the flip side of that coin no asshole will ever touch that

Did Friedman teach globalization of the worlds economy. He should be happy, we are there.

@aminuabdulmanaf4434

Жыл бұрын

Curious, do you think of globalization as a positive or a negative?

@louiethegreater1

Жыл бұрын

@@aminuabdulmanaf4434 Globalization will lead to the rise of the Anti-Christ. The Anti-Christ will demand that you take his mark on your hand or your forehead, the three sixes. You will not be allowed to buy or sell without the mark.

@tobieaina

4 ай бұрын

If another country can produce something cheaper how is that not a benefit to the other countries?

@louiethegreater7019

4 ай бұрын

@@tobieaina Thats a no brainer, 94% of all products sold in Walmart is made in China. The US worker that once made these products are now unemployed. The US has made China a global threat to the US, by the billions of dollars in trade deficits we have with her annually.

Unable to up the volume....done on purpose no doubt

i miss this small jewish man like you wouldn't believe

Why is this video so cut? So many that are just awkwardly placed. Please just let it roll as it played out.

@MrDanielfff777

3 жыл бұрын

What do you mean by so cut

@klintgarner1791

3 жыл бұрын

@@MrDanielfff777 I mean the video has been edited almost to death. So many splices and cuts (not sure if that's the correct verbiage) . Watch at about 7:22 and you'll see an obvious example of what I mean.

@supermardy1

2 жыл бұрын

Also theirs a cut at 52:36 or so

On that one I will have to get back to you...

Milton Friedman probably has the equivalent of a PhD in mathematics, if he doesn’t have one in fact, but he just so blithely let it roll off his tongue, “prices have been stable since 1990 with only 2-3% inflation a year.” That means in 2005, at the time of this interview, prices were up by 50% from 1990. There is no way that in those 15 years the wages of average income of workers in the United States went up 50%.

This man (unlike Marx) is one of the best that the Jews gave to the world.

@dimwit3006

Жыл бұрын

Marx wasn't all that bad. I think the years of socialism in postwar West helped social mobility. But it had no solution to the inflation problems which is a more pressing issue than equality

@nugetta

Жыл бұрын

@@dimwit3006 Marx is a traitor and apostate from the faith of his fathers, and his followers are godless heathens. Giant statues are being built for him instead. I grew up in the post-war east, so some fairy tales about socialism leave me cold. Make no mistake, the same people are still behind socialism and today's NWO, godless, cold-blooded people who are not afraid to sacrifice others for profit and power.

@youyoue4260

Жыл бұрын

​@@dimwit3006 your name suits you

@dimwit3006

Жыл бұрын

@@youyoue4260 debate my arguments

@youyoue4260

Жыл бұрын

@@dimwit3006 I dont see any arguments ?

Friedman was a genius. However, his predictions regarding China have been wrong.

@SainiRohan

4 жыл бұрын

Unfortunately, everyone’s bending over for China.

@esay1980

3 жыл бұрын

Friedman was wrong about a lot of things especially his theory of inflation

@willaustin117

3 жыл бұрын

Business, Economics & Politics Vlog how was he wrong on that? Just interested

@EVERYTHINGUNEDITED1

3 жыл бұрын

china has a lot of economic freedom today but corrupt administration . it is the economic freedom of china that helped to create its wealth. today chinese are immigrating and investing in foreign markets, I think that itself is a sign that by having their economic freedom the chinese are slowly able to get away from a government that doesn't offer political freedom. overall china has done more good to itself I thiink

@DF-ss5ep

3 жыл бұрын

The prediction of political freedom for China might still become true. It is true that the state and the private companies are not amicable, as seen by the arrests of CEOs. It can still hppen.

The great error of the monetarist is the assumtion about Velocity. Friedman (for some time) wanted stable growth in M because he assumed V is constant. The reality is that V is not constant, you dont have to make M stable you have to make MV stable. We should target stable (or stable growth) of MV. The reason inflation targeting has worked so well because V did not change very much (witch is why the monetarist assumed that it didnt) but we have seen that it does.

@italianmiltyfriedman6264

6 жыл бұрын

21nickik what exactly is v again?

@vicenteyanez671

5 жыл бұрын

Spirit of Friedman speed of money

@crazieeez

5 жыл бұрын

Friedman studied inflation and money supply of 15 countries of their past 100 years. What he found was the relationship between money supply and inflation move in tandem. They only lag less than 2 years. There was never a deviation between inflation and money supply in the long run (more than 5 years). Velocity may change month after month (short run), and year after year (short run), however it becomes a constant after 5 years (long run).

@raihanagradharanakanz3056

2 жыл бұрын

@@crazieeez Hello good man, I really want to study more about this. Do you have friedman's research paper about this? Thank you very much 🙏

e pr'a la que eu vou, malhoa

School vouchers! The total solution to the shit holes for school paid for by taxes.

Not as great as Ludwig von Mises, but an effective advocate of free markets.

what we live now going out of pandemic prove that globalization was and still and will be forever wrong and failure idea, look at the supply chain distribution now and the huge amount of factories worldwide closed due to shortage of parts from other countries you will know that something wrong in globalization, look to the prices of shipping going 500% up you will understand that the globalization makes every country economy hostage of the other countries, we started exporting low-end jobs to much poorer countries and we said low-end job for them and high-end job for us , by time passing they got low end and high-end jobs and our worker staying at home living on welfare and social support. what if every country strategy to be self-sufficient ( as much as they could) the come back from pandemic would be easier and faster / we are heading if we are not already on stagflation and only God knows how and when we will be out and what will be the cost,

@AntoniRams

Жыл бұрын

Good thinking, I agreed

@aminuabdulmanaf4434

Жыл бұрын

Governments shouldn't have printed money to create high demand while closing down factories. Checkmate

shame Friedman didnt live to see 2008.

Unfortunately he hasn't been right about China so far

@nextjin

Жыл бұрын

Not in the macro sense no he wasn’t. He was brilliant no doubt but economics is extremely difficult in so far as forecasting out 30 years not knowing what the geopolitical situation would be. Globalization or economics on scale is certainly good. What’s bad is when one country controls 90% of most goods made. Globalization should be “hey we have chip makers located in 12 different countries, they all manufacturer their chips across 36 countries around the world” not “China controls basically everything” A country should never give up manufacturing and specifically they should focus on sourcing critical goods from many different places around the globe. The N95 masks for example or the IV drips if I recall where 90% of them come from a small island country (not sure which). Now we have a situation where if Russia, China, Iran and other countries ally against the West they control the vast amount of precious metals, oil and manufacturing capability.

Friedman wasn't an economist he was actually a logistician.

What he never addressed was the political side: what does it take to get that liberatarian society? Answer: anarchism or direct democracy like in Switzerland..

@italianmiltyfriedman6264

6 жыл бұрын

TimmacTR it takes voters asking for the right things, not free things.

@darrellbublitz8158

5 жыл бұрын

@@italianmiltyfriedman6264 correct. The people are not supposed to be able to vote taking things from other people to give to themselves. That's why we weren't set up as a pure democracy.

@MrDanielfff777

3 жыл бұрын

@@italianmiltyfriedman6264 so basically never

Apply some Pantene on ur belly. When the disability level goes exponential you probably want to get paid for it... Ha!

51:44 The man can't always be right. hehe. His presumptions about Chinese reform were off.

@rlud2173

Жыл бұрын

China was wrong in HK and now Taiwan

Friedman is shady. He never gives any context. Who is he talking about, the entire US economy is stratified. Every stratification behaves differently. I think what gives him away is what he says at 36:39 "The accepted principle is that when prices are unstable the economy is stable". He says that it's the complete opposite that "the more stable the prices, the more stable the economy will be". I think he secretly wants the economy to be unstable and unsustainable

@treaty8631

2 жыл бұрын

I agree....I also dont agree with free trade

I guess hes wrong considering china

@djri2984

2 жыл бұрын

I wouldnt say that. I think economical and civil freedoms are now lesser than they were during that time.

A genius without morals. And there you have it. The beginning of a large scale for profit corporate mentality were people are numbers. A man deeply upset and racist towards the weak.

@justincox5362

2 жыл бұрын

Ur a bot lol

@zachjohnson637

Жыл бұрын

Huh?

I know many people who would rather have someone else spending their own money. This idea that every person somehow spends her own money better is not self evident to me

@darkstepik

2 жыл бұрын

give me your money then , if it is not self evident

@just_bee9482

2 жыл бұрын

@@darkstepik come with a spreadsheet that shows how you will spend it and it is all yours

@anthonymartial2832

2 жыл бұрын

@just_bee having to see a plan first before signing off and agreeing is as good as you spending it... indirectly.. you have a sense of understanding where your money is going. Just give him the money and hope to God he spends it well 😄