Milton Friedman for the win!

Nothing but the truth.

The issue is that Thomas Sowell is really starting to get on in years.

People will listen more clearly to someone who rationally explains the problem with someone's argument rather than yell like a child.

@RadAntelope let him rest in peace. we still have many great minds today like mr sowell and mr schift .......... the problem is people will not listen until it hits them in the face

Come back, Milton. We need a calm, rational, educated voice of economic sanity (although I doubt in this era that the people that most need to listen to the advice would pay any heed at all). We're living through the disaster outlined in Atlas Shrugged. Help us.

@Smullet90 And Walter Williams

@RadAntelope We have Thomas Sowell at least.

My diagnosis is Paranoid Personality Disorder (F60.0). Might I suggest you contact a local mental health professional.

@jakeyw11 well for the employees in the american steel company that cannot compete are then jobless. Hopefully they'll find employment in businesses that actually uses the steel xD I have faith in the Free Market but at things like protectionism, there's no way to know if those who lost their jobs could find employment again.

The way people consider unfairness as the root of today's problems (like in The Price of Inequality by Stiglitz) is completely childish in my opinion. Honestly, people need to grow up and accept that it can't be fair.

@Knaeben

5 жыл бұрын

So you're saying if you have the power to make laws to give yourself or a group an unfair advantage, that's just tough for everyone else? So if I have the ability to outlaw anyone from making a product to compete with my shitty one, it's cool? That's a form of coercion. Nature is unfair, life is unfair. When laws are made deliberately to give unfair advantage, that's not life, that's called bullshit. It's also not real capitalism, it's simply corruption. Read Milton Friedman and Adam Smith... they will both tell you the same thing.

@gamingunlocked9947

5 жыл бұрын

The word "unfair" can be used loosely. Depending on the case, some are real cases of unfair competition that need to be dealt and are enforced strategically at the expense of someone else. i.e price fixation, special biased non-transparent deals and bribery are all phenomenons that exist in the free market which have devastating effects on otherwise healthy and competitive businesses. In addition it is utter stupid to have a single dimensional perspective of what consists cost. Friedman was using mainly the cost for the consumer as an argument, but the people are not experiencing costs only as consumers. They experience costs in multiple levels in the form of low employment, wage reductions, low education, inability to access health care, debt, housing crisis etc. In addition the economy of the US was initially benefiting greatly from government protectionism but thats a subject Milton Friedman avoided or refused to accept for his own ideological reasons.

You been smoking some cannabis recently?

Milt 2012! (kidding)

I agree with Professor Milton Friedman on almost everything. But on this issue of free trade, we need to establish a tariff to ensure that a certain minimum of essential products get produced withing the territory of the USA and its close allies. We need this for both defensive and self sufficiency reasons.

@PersistentPatriot

5 жыл бұрын

Free Trade was great when there weren't 7 billion third world peasants competing with Western Civilization.

@SimonzicekCz

5 жыл бұрын

This is fighting unfair competition with unfair competition. Cant work. You would be just passing on the unfairness to someone else. Doesnt solve anything.

have you ever read a book on world history? or CIA history?

lol@unfair competition