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More Milton Friedman, Less Rush Limbaugh
Radio Free NJ ^ | 5/4/13 | Tom

Posted on 05/04/2013 3:54:55 PM PDT by kreitzer

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To: 2ndDivisionVet
Idiot.
51 posted on 05/04/2013 5:46:34 PM PDT by Cyber Liberty (I am a dissident. Will you join me? My name is John....)
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To: 1rudeboy

Do you have any idea what I’m talking about?
Do you understand basic economics?
Do you understand the difference between the Austrian economists and the Monetarists who are Keynesians and who provided the theoretic cover for the central bankers to run this country up to the very edge of the cliff of economic collapse?

If not, let me know. I’d be happy to inform you.

Signed,
A free-market supporting, freedom-loving American patriot who understands that Monetarism is the fiscal policy behind the Keynesians and the academic cover for the central bankers.


52 posted on 05/04/2013 6:02:36 PM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: Ghost of Philip Marlowe

Please do. Let’s get started. Begin with your hypothesis that monetarists are Keynesians.


53 posted on 05/04/2013 6:17:39 PM PDT by 1rudeboy
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To: AEMILIUS PAULUS
"...and other vices some even nameless..."

That thought is enough to make your skin crawl.

54 posted on 05/04/2013 7:14:33 PM PDT by rlmorel ("We'll drink to good health for them that have it coming." Boss Spearman in Open Range)
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To: kreitzer

Nobody is going to persuade an idiologue of anything.


55 posted on 05/04/2013 7:41:11 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: kreitzer
Tom doesn't seem to understand...today's “progressives” couldn't care less what Milton Friedman said.THEY COULDN'T CARE LESS.And the typical Rat voter can barely understand what Al Sharpton says to them...are they gonna have the first clue what Friedman stood for?
56 posted on 05/04/2013 7:51:40 PM PDT by Gay State Conservative (Leno Was Right,They *Are* Undocumented Democrats!)
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To: Rusty0604
I always liked his explanation of how a pencil is made.

How IS a pencil made?

57 posted on 05/05/2013 3:04:18 AM PDT by Hot Tabasco (This space for rent)
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To: Hot Tabasco

http://www.youtube.com/watch?v=R5Gppi-O3a8

other good MF videos at link also


58 posted on 05/05/2013 7:16:21 AM PDT by Rusty0604
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To: kreitzer

You don’t listen to Rush, do you? You seem to know only his caricature.


59 posted on 05/05/2013 8:22:21 AM PDT by Defiant (If there are infinite parallel universes, why Lord, am I living in the one with Obama as President?)
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To: Lx

I think this guy just graduated from poli sci, and he took some econ where he read Friedman, and now he’s out to fix us with his brand new knowledge and wisdom. His dad should kick his ass.


60 posted on 05/05/2013 8:25:33 AM PDT by Defiant (If there are infinite parallel universes, why Lord, am I living in the one with Obama as President?)
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To: Lancey Howard

LOL. I remember that Donahue. It’s the one where Milton won over Michael Moore, too.


61 posted on 05/05/2013 8:27:45 AM PDT by Defiant (If there are infinite parallel universes, why Lord, am I living in the one with Obama as President?)
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To: kreitzer
Remember, for liberals their politics is more like a religious belief than a series of rational goals and first principles. So if we really want to persuade them we need to find a way to make our arguments seem consistent with their religion.

This is true, and the belief that human activity is causing Global Warming is one of the important tenets of that faith.

62 posted on 05/05/2013 9:23:24 AM PDT by SuziQ
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To: kreitzer
Proverbs 23:9
Speak not in the ears of a fool: for he will despise the wisdom of thy words.
63 posted on 05/05/2013 9:50:02 AM PDT by Theophilus (Not merely prolife, but prolific)
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To: SuziQ

http://www.youtube.com/watch?v=b24YF3DPiWM&feature=related


64 posted on 05/05/2013 9:53:39 AM PDT by Lancey Howard
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To: 1rudeboy
Indeed, that should be interesting. Something to keep in mind is the difference between what John Maynard Keynes actually taught and what passes for Keynesian Economics as pushed by Krugman and company. The most controversial idea of the Keynesian school of thought is the idea of using government spending to boost the economy. In actual writings of Keynes you will find that he placed several qualifies on this to at least theoretically keep countries from spending themselves into oblivion. Krugman and their trillion dollar coin economics make no such qualifications.

However while both Friedman and Keynes agreed that a central bank is necessary. Reading Friedman one gets the impression that the central bank is a necessary evil, and not a true tool of economic policy as Keynes taught. In fact the implementing of the “Friedman Rule” would stop Bernanke from being able to attempt to use quantitative easing to affect the economy.

So while it can be argued that Friedman was a monetarists ( in that he believed that money supply should be controlled by a central bank); he was not a Keynesian in his philosophy of government intervention in the economy.

65 posted on 05/05/2013 11:49:07 AM PDT by Idaho_Cowboy (Ride for the Brand. Joshua 24:15)
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To: KarlInOhio
Provide a moral boost to your side, convince the middle and make your opponents look like idiots.

Exactly. Anyone who's spent any time around human beings knows that being persuasive involves a whole lot more than just being earnest.

66 posted on 05/05/2013 11:58:31 AM PDT by Yardstick
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To: 1rudeboy

I said that Keynesians adore the monetarists, not that all monetarists are Keynesians. However, the monetarists do believe in having a central agency decide the quantity and value of money. It is suspicious why they never wondered or cared (as far as I’ve read) what a government would do with the ability to create as much money as they want, so I suspect they may have Keynesian inclinations.

Keynesians adore the monetarists because monetarism is essentially money creation at the state level by the government through the proxy of the central bank. Monetarism provides the big-government spenders with an endless supply of cash to buy votes with. It is those who are Keynesians at heart (regardless of their stated support for Capitalism and free-markets and sound budgetary principles) that are addicted to this ‘free money’ belief of monetarism.

To be honest, I think you may need a bit more background before you understand what I’m saying and why. The following books are good reads and provide a good basic knowledge of economics:

“The Creature from Jekyll Island,” by G. Edward Griffin
“Meltdown,” by Thomas Woods
“Economics in One Lesson,” by Henry Hazlitt
“The Road to Serfdom,” by Friedrich von Hayek
“The Fatal Conceit: The Errors of Socialism,” by von Hayek
“The Breakdown of Money,” by Christopher Hollis
“The Case Against the Fed,” by Murray Rothbard
“How an Economy Grows and Why it Crashes,” by Peter Schiff


67 posted on 05/10/2013 4:35:30 PM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: Ghost of Philip Marlowe
I am familiar with those authors. (Well, except for Schiff, who is a hack). So, instead of telling me I need background, just proceed with your argument. If you can.

Citations a plus, professor.

68 posted on 05/10/2013 5:04:37 PM PDT by 1rudeboy
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To: Ghost of Philip Marlowe
“The Creature from Jekyll Island,” by G. Edward Griffin

What a silly, error filled book.

69 posted on 05/10/2013 5:48:16 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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