For you radio guys, the audio of this is worth playing — no video needed to get the point.
Milton Friedman defends capitalism to Phil Donohue.
For you radio guys, the audio of this is worth playing — no video needed to get the point.
Milton Friedman defends capitalism to Phil Donohue.
Steve Maley: New Obama Energy Policy: "All of the Above Except Things I Don't Like" http://t.co/aLnqaPib #rsrh
Caleb Howe: Hostage watch: Harold Ford agrees with Cory Booker, branded ‘Uncle Tom’ and ‘corporate prostitute’ http://t.co/wJJNU5Bc #smh #rsrh
Neil Stevens: “@unlikelyvoter: New: Neat technology shouldn't come ahead of poll transparency http://t.co/3oLgmphe” #rsrh
The greatest economist who ever lived
d_lamar Monday, September 13th at 9:56PM EDT (link)Milton Friedman has got to be the best economist and author, at least to the extent of the ability to convey his message.
It’s too bad that Free to Choose is not required reading in high school and for anyone who is running for any office. It seems that all democrats, and most republicans are ashamed of the capitalist system.
Thank you Eric for reminding me of this great put down of Phil Donahue. It’s too bad that Phil was not smart enough to understand how foolish he looked.
Adam Smith and Thomas Sowell are not slouches!
davesinsanantonio (Diary) Tuesday, September 14th at 5:11AM EDT (link)Neither are William Raspberry or Walter Williams. Even Keyes is pretty good at explaining things clearly. The problem is too many people do not want to listen or read. And, way too many actually do not want to learn it. That’s why they vote Democrat–it’s easier than thinking!
They are not Friedman, not by a long shot
Doc Holliday (Diary) Tuesday, September 14th at 6:15AM EDT (link)I will leave Adam Smith aside, along with Socrates. Friedman was a singular thinker, and he cared about more than just economics.
Molon Labe!
Indeed
aesthete (Diary) Tuesday, September 14th at 12:47PM EDT (link)Both Williams and Sowell are outstanding, but Friedman’s caliber, and Hayek’s for that matter, was one of a kind.
“It is a popular delusion that the government wastes vast amounts of money through inefficiency and sloth. Enormous effort and elaborate planning are required to waste this much money.”
-P.J. O’Rourke
d_lamar, your last line is the truly sad part
RedBeard Tuesday, September 14th at 8:55AM EDT (link)Milton Friedman completely disassembled Donahue, but Donahue remained ignorant and learned nothing.
But then, as any teacher will attest, some kids simply haven’t the ability to learn. It’s not their fault, but they should be directed into fields other than those that might influence public opinion. For example, ol’ Phil might have made a fine handler of those “STOP/SLOW” signs at road construction sites.
Standard-bearer for grouchy curmudgeonry since, oh, 1975 or so.
Where have you gone Uncle Milt?
Doc Holliday (Diary) Monday, September 13th at 10:01PM EDT (link)a nation needs another one like you.
Molon Labe!
Ditto.
throwback59 Monday, September 13th at 10:25PM EDT (link)A defense of capitalism can’t be said any any better.
More Uncle Milt
edintexas Tuesday, September 14th at 10:06AM EDT (link)John Stossel did a fine show on Free to Choose, in his Fox Business Channel program, including clips from the program Friedman did. Great television, even with commercials. Uncle Milt is gone, but not forgotten.
That has to be the nicest verbal slaying of an idea I have ever seen. (nt)
Mike Ferguson (Diary) Monday, September 13th at 10:08PM EDT (link)Let us be sure that those who come after will say of us in our time, that in our time we did everything that could be done. We finished the race; we kept them free; we kept the faith.
Ronald Reagan
owning taken to a new level.....(nt)
jackhammer Tuesday, September 14th at 5:33AM EDT (link)Ugghh..friggin' Donahue.
NeoKong (Diary) Monday, September 13th at 10:19PM EDT (link)Listen to him talk about wealth and success like it was something stolen from the poor while he sits on the set of his T.V. show as if he isn’t wealthy.
Liberals never change.
His wealth is benevolent and harmless. He is free from guilt because he advocates for the poor people he will never meet and so his contribution has been made.
He wants to save those wretched souls. Just not with his money.
He wants other people to do it while he directs them from his mansion in Bel Air as he sits by the pool.
He thinks he is helping the poor by tipping the busboy at an expensive restaurant or by giving his old clothes to his house staff.
” Esmerelda…this is silk. Can you say… silk ”
Mother Teresa he ain’t.
What a jerk.
Follow me on Twitter.
That is the Left in a nutshell. They are so much smarter
davesinsanantonio (Diary) Tuesday, September 14th at 5:06AM EDT (link)than the rest of us, that the most benevolent thing they can do is tell other people how to spend their money. And, since they are already so benevolent, they do not have to give the poor any of their own. And, to suggest otherwise is to be an heretic of the first order.
Is just doesn't get any better than Milton Friedman schooling Phil "Duh" Donahue, does it?
minncon (Diary) Monday, September 13th at 10:53PM EDT (link)He was on Donahue twice… both were a hoot. If only they would teach Friedman in High School (of course, the teachers would need to learn him first!)
“When I was crossing the border into Canada, they asked if I had any firearms with me. I said, “Well, what do you need?” -Steven Wright
Milton Friedman was a gift
fpete13527 (Diary) Monday, September 13th at 11:12PM EDT (link)A brilliant man and champion of the greatest system in the world…Free Market Capitalism.
I was lucky enough to see him speak many years ago. I remember that he talked about many aspects of economics but there were three things that he said that I always remembered.
The person interviewing him asked him to share some down to earth advice regarding personal finance and beyond. He said something like (paraphrasing)
1. If you don’t have any money…don’t spend any.
2. If you don’t have any money, EARN more, don’t borrow any.
3. If you are a Government, follow the exact same two rules only multiply the importance by a thousand fold.
But that is too complicated for the Left to get! Also
davesinsanantonio (Diary) Tuesday, September 14th at 5:04AM EDT (link)it violates their ethics of spending other people’s money to make themselves look good and feel good about themselves. How mean can he be to want to take that away from them.
can an economist and a pencil explain it all?
Doc Holliday (Diary) Tuesday, September 14th at 6:26AM EDT (link)Molon Labe!
Can't make it any clearer than that.
dwscho Tuesday, September 14th at 8:22AM EDT (link)It’s crystal clear but the Left continues to argue against Capitalism. Go figure.
That's because it doesn't need anyone to give "orders", and
davesinsanantonio (Diary) Tuesday, September 14th at 9:05AM EDT (link)they are all about ordering the rest of us around. In fact, the fact that we don’t like taking orders is what they hate most about us. So, if they can destroy the system, they can then have a clear path to give all the orders their shriveled little hearts desire. They would rather be poor with power over others than rich without it.
The greatest libertarian of all!
Libertarian Republican Tuesday, September 14th at 11:35AM EDT (link)Love Milton. His birthday is probably getting tattooed on me at some point (someplace inconspicuous)
That man’s ideas did more to expand freedom than anyone else in the 20th century. Think of youths in communist nations hiding contraband copies of Capitalisim and Freedom, while digesting it’s grand ideas.
And the man was an atheist who also believed in strong families. he knew that nanny state government solved no problems while strong communities could offer much. Some of the more ardent culture warriors of today should note his approach. No matter your end desire, using the heavy hand of government to get there rarely yields the desired result and the loss of freedom that goes hand in hand with it leaves you with a net negative every time.
I say this having lost loved ones to drug abuse. I have suffered deeply and personally from addiction. But I will continue to make the ethical argument the state has no place in the matters substance abuse. And the monster that prohibition has created (the cartels) is far worse than the original problem. 28,000 dead in four years in Mexico. And drug use continues to rise.
Anyway I’ll step down from the pulpit. But this is a powerful issue to myself and many.
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.
- Milton Friedman
Milton's fantastic
aesthete (Diary) Tuesday, September 14th at 12:42PM EDT (link)Hayek was also a great libertarian economist. I miss those guys.
Also, good point vis a vis government and morality. As Friedman notes in the above video, politicians do not reward or seek out morality, so why should we entrust its guardianship to them?
“It is a popular delusion that the government wastes vast amounts of money through inefficiency and sloth. Enormous effort and elaborate planning are required to waste this much money.”
-P.J. O’Rourke
Met and chatted with Milton Freidman when NR had their Alaska cruise
Achance (Diary) Tuesday, September 14th at 12:56PM EDT (link)back in the mid-90s. Very nice guy! It was a pretty impromptu thing. Our Republican Party organization and, specifically our muscle, the Capital City Republican Women, rented a room at The Baranof and hustled up some Alaska specialties like salmon, halibut, and king crab and just invited the NR people to our reception when their ship was in Juneau. Had a great turnout and all were very friendly and accepting toward people they didn’t know from Adam. Only downside was Gov. Knowles crashed the party because he and Wm. Buckley were fellow Yalies, at least that was his excuse, but Knowles was always good at getting in front of something happening that looked important whether he had anything to do with it or not.
In Vino Veritas