Posted on 02/16/2009 5:08:35 PM PST by Recovering_Democrat
Free to Choose 1990 Volume 1 - The Power of the Market Topic: The Power of the Market to Promote Prosperity and Freedom ABSTRACT Dr. Friedman states, "There is not a single person in the world who can make this pencil." He explains that the creation of even a simple object - like the "lead" pencil - requires the knowledge of many people, lumberjacks, steel manufacturers, miners, etc.
(Excerpt) Read more at video.google.com ...
Make up your freakin’ mind, Mr. “community organizer!”
The entire series can be viewed here: http://www.ideachannel.tv/
Oops. Never had that happen before. Right post, wrong thread.
It’s Arnold in that video that led to my initial support of him. Just ashes and dust now.
Thanks for the explanation....I wondered what I said to get such a vicious rip. :)
Obama changes his mind on salaray caps
I'm embarrassed. Such a noob-type mistake.
no prob. check out the video while you’re here on the thread. :)
Is the free market free to produce something you find offensive? I think so
How free do you say we are?
Just this morning, I showed that clip of Milton Friedman explaining the magic of the price system in creating a pencil to the students in two of the Economics courses I teach. It’s almost heartbreaking to hear Friedman’s clarity and persuasiveness as an advocate for the free market, in the midst of this massive government intervention now unfolding. Makes you wish he was still around.
Absolutely, we are missing him now. I would love to hear his take on it. Instead of going over details of when the money actually gets spent, someone who honestly states that goverment spending is not the answer period.
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