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Keyword: miltonfriedman

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  • 14 quotes from Milton Friedman (AKA awesome liberal smackdowns)

    04/21/2014 4:49:58 PM PDT · by The Looking Spoon · 14 replies
    The Looking Spoon ^ | 4-21-14 | The Looking Spoon
    A great way to entertain yourself and learn something at the same time is to look up old video of Milton Friedman smacking down liberals. You should be able to find the videos where most of these quotes come from on YouTube.
  • New York Times Columnist: Obama Has a ‘Manhood Problem’ in the Middle East (W/Video)

    04/21/2014 7:44:58 AM PDT · by Brad from Tennessee · 42 replies
    The Blaze ^ | April 20, 2014 | By Oliver Darcy
    New York Times columnist David Brooks said Sunday that President Barack Obama has a “manhood problem” in the Middle East. “[L]et’s face it,” he said. “Obama, whether deservedly or not, does have a — I’ll say it crudely, but a manhood problem in the Middle East. Is he tough enough to stand up to somebody like Assad, somebody like Putin?” “I think a lot of the rap is unfair, but certainly in the Middle East, there’s an assumption that he’s not tough,” Brooks added during a roundtable discussion on NBC’s “Meet the Press.”
  • The ABC's of School Choice

    04/03/2014 3:56:12 PM PDT · by Kaslin ^ | April 3, 2014 | Cal Thomas
    When people speak of a legacy, they usually mean something other than what the late economist Milton Friedman and his wife, Rose, left behind, namely the Friedman Foundation for Educational Choice ( The foundation has just released a small book entitled "The ABC's of School Choice: The comprehensive guide to every private school choice program in America." The Friedman philosophy can be summed up in two sentences, which are posted on their web page: "School choice gives parents the freedom to choose their children's education, while encouraging healthy competition among schools to better serve families' needs. School choice lets parents...
  • The blunt truth about greed and freedom that was delivered over 30 years ago (by Milton Friedman)

    01/14/2014 10:09:48 PM PST · by dennisw · 23 replies ^ | 30 years ago | Milton Friedman
    The blunt truth about greed and freedom that was delivered over 30 years ago Tuesday, Jan 14, 2014 at 2:19 PM EST On radio this morning, Glenn played a portion of a 1979 interview between Phil Donahue and Milton Friedman, in which Friedman offered a very well-articulated argument in favor of minimizing the role of government in a free market system as a means of creating political and social freedom. It is Friedman’s eloquent delivery of what could be considered a complex theme that Glenn was most concerned with. “[We have to be] more than alert and knowledgeable,” Glenn said....
  • Milton Friedman, Bad Laws and Tax Evasion

    11/08/2013 6:44:22 PM PST · by Enza Ferreri · 3 replies
    Enza Ferreri Blog ^ | 8 November 2013 | Enza Ferreri
    In the video that you can see by clicking on the "Enza Ferreri Blog" link above, entitled "Incentives for Immoral Behavior", the American economist Professor Milton Friedman explains how there are fundamentally two types of law: those that are regarded as moral and just by the vast majority of people, and those which are not. The former group of laws are generally obeyed because they speak to the inner moral sense of the population, the latter have a high rate of violations. Obviously, the greater the number of laws and regulations, the higher the number of them that will be...
  • Why Do Liberals Believe What They Believe?

    09/14/2013 4:49:32 AM PDT · by Kaslin · 59 replies ^ | September 14, 2013 | John C. Goodman
    Do you know of any place you can go to find a rational, well-thought out economic argument for liberalism? I can't. And that's really strange considering the degree to which this political philosophy dominates our culture. By the term "liberalism" I mean the intellectual effort to apologize for and defend economic programs primarily associated with Franklin Roosevelt and Lyndon Johnson. There are four main ones: •The substitution of regulation for markets, •The substitution of social insurance for private provision, •The nationalization of welfare, and •The manipulation of the economy by the government. It is difficult to exaggerate how completely this...
  • Milton Friedman and Restraint: The Fed failed as lender of last resort in the Great Depression

    08/12/2013 7:38:40 AM PDT · by SeekAndFind · 18 replies
    National Review ^ | 08/11/2013 | Rand Paul
    Lovers of Big Government and apologists for debt like Paul Krugman have tried to paint Milton Friedman as a contradiction. They say that Friedman’s insight that more Fed intervention might have mitigated the Great Depression is inconsistent with his view that the Depression would have been less severe without the Fed. Krugman can typically be discounted because his partisanship diminishes his perceptiveness. It is, however, disappointing when National Review joins the fray and publishes opinion claiming that Friedman “would likely have supported a much more aggressive monetary response to our economic downturn.” Professor Ivan Pongracic of Hillsdale College explains that...
  • Milton Friedman's Education Ideas Still Relevant Today

    08/09/2013 7:19:36 AM PDT · by MichCapCon · 6 replies
    Michigan Capitol Confidential ^ | 8/5/2013 | Audrey Spalding
    "Free to Choose," a 10-part television series starring Milton Friedman and highlighting free-market principles, first aired over 30 years ago. The education episode begins with students at Hyde Park High School, the camera panning across metal detectors and armed policemen surveillance as students enter school. “Isn’t that awful?" Friedman asks. "What can [students] conceivably learn under such circumstances?" You'd think that public education would have dramatically improved since then, away from a system where a student's school is determined by his or her home address; away from a system that too frequently results in mediocre or dismal outcomes for students....
  • 101 Years Later, Milton Friedman is Still Wrong

    08/06/2013 10:21:57 AM PDT · by DannyTN · 109 replies ^ | 8/1/13 | Sean McElwee
    Wednesday was the 101st anniversary of Milton Friedman’s birth, and it will be widely celebrated among the vast number of Americans who march in Tea Parties and wear tricorner hats in public. He will be hailed by the vast number of “libertarian populists” now burgeoning within the Republican ranks. But the new “libertarian populism” is increasingly at odds with the possibility of a shared future. Libertarian populists love markets. One of their favorite proposals is privatization: If there is a problem, they look to markets to solve it. Milton Friedman wrote, “The most important single central fact about a free...
  • Happy Birthday, Milton Friedman

    08/06/2013 7:52:14 AM PDT · by MichCapCon · 5 replies
    Michigan Capitol Confidential ^ | 7/31/2013 | Michael LaFaive
    Economist Milton Friedman would be 101 today. His passing several years ago was lamentable but many of his ideas — involving monetary policy and price theory, for instance — are immortalized in his many scholarly books, academic papers and tributes by fellow scholars who knew him best. Friedman was born the son of immigrants in Brooklyn, N.Y. He earned mathematics and economics degrees from Rutgers University before obtaining a master's degree in the economic science from the University of Chicago and holds a doctorate from Columbia in the same field. Friedman has been the greatest of my intellectual heroes, a...
  • The Pope and Godless Capitalism (Globalism)

    05/11/2013 4:18:13 AM PDT · by Colonel Kangaroo · 38 replies
    Real Clear Politics ^ | May 3, 2013 | Pat Buchanan
    "This is called slave labor," said Pope Francis. The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400. "Not paying a just wage ... focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!" The pope is describing the dark side of globalism Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago,...
  • Dangerous Times: Milton Friedman just won his euro bet

    05/11/2013 7:13:12 AM PDT · by RoosterRedux · 35 replies ^ | 5/11/2013 | James Lewis
    Even as President Obama is following in Eurosocialist footsteps, the 14-year utopian experiment on a single currency is collapsing. The architect of the euro just ran up the white flag on the biggest policy mistakes in history. Former German Finance Minister Oskar Lafontaine called his own brainchild a "catastrophe". "The economic situation is worsening from month to month," he wrote on his Left party blog. "unemployment has reached a level that puts democratic structures ever more in doubt." "Catastrophe" is the right word. Today Greece is suffering more than 50% unemployment. That's worse than the Great Depression in the US....
  • Ben Bernanke Just Told A Massive Lie About Milton Friedman

    10/01/2012 11:24:45 AM PDT · by Perdogg · 23 replies
    Ben Bernanke Just Told A Massive Lie About Milton Friedman And I Can Prove It Ben Bernanke is so desperate to find support regarding his steal from the poor and give to the 0.01% policies he is now telling blatant lies about famous, dead economists that can’t refute what he says. In this case Milton Friedman. In his Q&A today, The Bernank claimed: *BERNANKE: MILTON FRIEDMAN WOULD HAVE SUPPORTED WHAT FED DOING
  • Invasion of the Body Snatchers: Now the Liberals Covet the Corpses of Milton Friedman, Ronald Reagan

    08/03/2012 9:52:45 AM PDT · by Kaslin · 3 replies ^ | August 3, 2012 | Emmett Tyrrell
    Milton Friedman, the great economist, was one of a handful of intellectuals whose work forms the foundation for the modern Conservative movement. He has been dead since 2006, but this week would be his centennial. He lived a long and prodigious life. In his lifetime, he was viewed as an odious figure by the Liberal brethren, a close advisor to dictators, an advocate of child labor, a favorite of fat cats. Yet with the passage of time, his repute as the prophet of an age of unsurpassed prosperity for just about everyone has only spread. Thus, the Liberals have adopted...
  • Condoleezza Rice makes compelling case for school choice,

    08/02/2012 1:27:28 PM PDT · by Kaslin · 2 replies ^ | August 2, 2012 | Kyle Olsen
    Former U.S. Secretary of State Condoleezza Rice made a compelling case for school choice Tuesday at The Friedman Foundation for Educational Choice dinner honoring Milton Friedman’s 100th birthday. Friedman, who died in 2006, was universally known as one of the most influential economists of the 20th century. His free-market philosophy had a strong influence on the policies of world leaders like President Ronald Reagan and British Prime Minister Margaret Thatcher, and helped convince leaders of many developing nations to reform their economic strategies. Less known is the fact that Friedman was the father of the American school choice movement, advocating...

    07/31/2012 4:57:09 PM PDT · by SaveOurRepublicFromTyranny · 16 replies
    THE FREEDOM POST ^ | July 31, 2012
    Today, July 31, 2012, would have been the great free-market economist Milton Friedman's 100th birthday. Below, is a series of interviews Friedman had on the Phil Donahue Show in 1979. Friedman repeatedly, in his customary polite demeanor, makes Donahue look like the Socialist fool that he is. I do have to credit Donahue, however, for allowing Friedman on his program to obliterate him. He's a little more tolerant than today's lefties in media. Watching these videos provides more plain, unadulterated, common-sense economic wisdom than most American universities today would provide over a four-year degree. Happy 100th Milton Friedman!...
  • Classic Milton Friedman on Capitalism and Greed

    07/31/2012 9:31:31 AM PDT · by Perdogg · 3 replies
    (video at link) - Happy 100 to Milton Friedman
  • On Milton Friedman's 100th Birthday, He's Needed More Than Ever

    07/31/2012 6:25:59 AM PDT · by SeekAndFind · 6 replies
    IBD ^ | 07/31/2012 | Thomas Sowell
    If Milton Friedman were alive today — and there was never a time when he was more needed — he would be 100 years old. He was born on July 31, 1912. But Professor Friedman's death at age 94 deprived the nation of one of those rare thinkers who had both genius and common sense. Most people would not be able to understand the complex economic analysis that won him a Nobel Prize, but people with no knowledge of economics had no trouble understanding his popular books like "Free to Choose" or the TV series of the same name. In...
  • Milton Friedman's Centenary (Thomas Sowell)

    07/30/2012 1:05:57 PM PDT · by jazusamo · 16 replies
    Creators Syndicate ^ | July 31, 2012 | Thomas Sowell
    If Milton Friedman were alive today — and there was never a time when he was more needed — he would be one hundred years old. He was born on July 31, 1912. But Professor Friedman's death at age 94 deprived the nation of one of those rare thinkers who had both genius and common sense. Most people would not be able to understand the complex economic analysis that won him a Nobel Prize, but people with no knowledge of economics had no trouble understanding his popular books like "Free to Choose" or the TV series of the same name....
  • Milton Friedman Speaks to Physicians at the Mayo Clinic

    07/11/2012 11:39:00 AM PDT · by GoodDay · 9 replies
    YouTube | July 11, 2012 | GoodDay
    Milton Friedman speaks to physicians at the Mayo Clinic about healthcare and the trend toward socialized medicine (1978) part 1 part 2 part 3 part 4 part 5 part 6
  • The Inside Story: Why a Ron Paul Disciple Left His Ranks

    David Bahnsen of Newport Beach, California is a Senior Vice President of Morgan Stanley, and also serves on the Board of Advisers of the California Recovery Project with Dr. Arthur Laffer. Bahnsen has abandoned his earlier support of the Ron Paul crusade, and now describes himself as an "economically literate Republican." He is the author of "The Undiscerning and Dangerous Appreciation of Ron Paul." Bahnsen says "It is the ironic that Ron Paul's alleged praiseworthiness comes from his devotion to the Constitution, when in fact, he has emphatically rejected it." Bahnsen has many family and business connections with libertarians. His...
  • How to Cure Health Care

    06/28/2012 3:49:03 PM PDT · by leftofright · 3 replies
    Hoover Institution/Advancing a Free Society ^ | July 30, 2001 | Milton Friedman
    Since the end of World War II, the provision of medical care in the United States and other advanced countries has displayed three major features: first, rapid advances in the science of medicine; second, large increases in spending, both in terms of inflation-adjusted dollars per person and the fraction of national income spent on medical care; and third, rising dissatisfaction with the delivery of medical care, on the part of both consumers of medical care and physicians and other suppliers of medical care.
  • The Everyman Elite

    12/15/2011 7:29:44 AM PST · by Academiadotorg · 1 replies
    Accuracy in Academia ^ | December 9, 2011 | Malcolm A. Kline
    The authors who are read most widely are those who are no longer around. Former Accuracy in Academia executive director Dan Flynn pays homage to a quartet of them in his latest book, Blue Collar Intellectuals. America may never again see the likes of Will and Ariel Durant, Mortimer Adler, Milton Friedman and Eric Hoffer. For one thing, all ascended to intellectual heights from modest means, if not actual penury. Moreover, although their political viewpoints spanned the ideological spectrum, all shared a love of country, namely the one in which they lived and worked. For example, Will and Ariel Durant,...
  • 10 Of The Best Economics Quotes From Milton Friedman

    11/29/2011 5:00:38 AM PST · by Kaslin · 15 replies ^ | November 29, 2011 | John Hawkins
    Milton Friedman was an extraordinary Nobel Prize-winning economist whose ideas helped underpin modern conservative economic theory. His contributions to economics and the conservative movement cannot be underestimated. Sadly, Milton Friedman passed away a little more than five years ago at the ripe old age of 94. Although Friedman is no longer with us, his words, his ideas, and his legacy live on. In honor of Friedman, here are some of his best quotations. 10) "If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand." 9) "I am in favor...
  • About Chile's 'Miracle'

    03/21/2011 5:21:27 PM PDT · by Kaslin · 10 replies
    IBD Editorials ^ | March 21, 2011 | Staff
    Economy: President Obama had nothing but praise for Chile's democracy and economic miracle, declaring it a model "for the region and world." So why is he obstructing the same reforms in the U.S. that gave Chile its success? Arriving Monday in Santiago on the second leg of his Latin American tour, the president told El Mercurio he picked Chile as one of his three stops because: "The Chilean experience, and more particularly its successful democratic transition and sustained economic growth, is a model for the region and the world. ... It is also a powerful example of how the opportunities...
  • Is Ronald Reagan’s Chicago boyhood home doomed?

    03/09/2011 9:03:47 AM PST · by afraidfortherepublic · 21 replies
    Chicago Sun Times ^ | 2-6-11 | Kim JANSSEN
    Locked up, abandoned and forgotten, the vacant six-flat standing at the northeast corner of 57th and Maryland has no plaques or statues and few clues to its history. Now, the little-known childhood home of Ronald Reagan in Hyde Park could soon be torn down by the University of Chicago, which has quietly plotted its demolition, the Sun-Times has learned. The plan has made unlikely allies of conservatives who consider Reagan an icon and liberal Hyde Parkers who say the university’s secrecy is typical of how it has treated its neighbors for decades. It puts the school that provided the intellectual...
  • VIDEO: Milton Friedman on why soaking the rich doesn't work

    01/19/2011 7:25:13 AM PST · by MichCapCon · 1 replies
    Youtube ^ | 1/19/2011 | Milton Friedman
    Milton Friedman answers a question about what rich people do with their profits.
  • Goodbye Fannie and Freddie, Hello MCGE

    09/02/2009 11:42:57 PM PDT · by CutePuppy · 13 replies · 1,289+ views
    CNBC ^ | September 2, 2009 | Diana Flick
    It's careful, it's complicated, it's got a catchy name, and it's first. At face value, that's what I see in the Mortgage Bankers Association's proposal to formulate a new, government-guaranteed, mortgage backed securities market to take the place of Fannie Mae and Freddie Mac.Let's start at the very beginning, with the MBA press release: The centerpiece of MBA’s recommendation is the creation of a new line of mortgage-backed securities (MBS). Each security would have two components – a loan level guarantee provided by privately-owned, government-chartered and regulated mortgage credit-guarantor entity (MCGE) and a security-level, federal government-guaranteed wrap.America, meet the MCGE,...
  • The Chilean Model

    12/27/2010 5:32:48 PM PST · by Kaslin · 48 replies · 4+ views
    IBD Editorials ^ | December 27, 2010 | Staff
    Pensions: Nearly 30 years ago, on the very day Ronald Reagan was sworn in as U.S. president, Chile became the first nation to privatize its social security system. Three decades hence, it has surpassed all expectations. Decades ago, Chile's then-military dictatorship shuddered at a proposal from then-Labor Minister Jose Pinera to privatize Chile's liability-laden pension system. The military men argued that the public was too ignorant to manage its own affairs and only government's firm hand could be trusted to provide. Pinera explained that the pension liabilities the government then couldn't pay were not only perfectly payable, but could be...
  • VIDEO: Milton Friedman on Corporatism and Medicare

    11/19/2010 12:49:34 PM PST · by MichCapCon
    CapCon ^ | 11/19/2010 | Youtube
    Economist Milton Friedman debates a liberal about medicare in 1978...a very prophetic speech.
  • QE2: What would Milton Friedman do?

    11/02/2010 7:16:03 AM PDT · by WebFocus · 5 replies
    Financial Post ^ | 11/02/2010 | Terence Corcoran
    A cottage industry is building around the question: What would Milton Friedman do? With the U.S. Federal Reserve on the brink of announcing a new round of quantitative easing to pump a fresh supply of money into the U.S. economy, people are looking around for economic guidance. Prof. Friedman, the Nobel-winning free-market economist who died in 2006, earned his Nobel on the basis of his monetary-policy work. He was a “monetarist” who promoted the idea that steady and stable increases in the money supply were needed to keep growth high and inflation low. The consensus, more or less, appears...
  • Milton Friedman Puts A Young Michael Moore In His Place (Is guy in the video really Michael Moore?)

    10/17/2010 10:40:05 AM PDT · by SeekAndFind · 13 replies
    YOUTUBE ^ | 10/17/2010
    The caption to the video tells us that it is a young Michael Moore throwing a tough question to Milton Friedman. If this is Michael Moore, I can hardly recognize him. But is it ? CLICK ABOVE LINK FOR THE VIDEO
  • Governor Describes Film Subsidies as Jobs Program, so "Why Not Give Them Spoons?"

    10/11/2010 10:20:08 AM PDT · by MichCapCon · 7 replies
    Michigan Capitol Confidential ^ | 10/11/2010 | Jack McHugh
    The headline of a story in today's Detroit Free Press characterizes Gov. Jennifer Granholm's understanding of the state film production subsidies: "Goal of film tax credit is jobs, not more revenue." There's a story from the 1960s about the late economist Milton Friedman visiting a large public works project in a third world country that was funded by U.S. foreign aid. Given the substantial investment, the famous economist was surprised to see thousands of men with shovels moving dirt one spadeful at a time. He asked his host, "Why don't they use bulldozers?" "It creates more employment this way," came...
  • VIDEO: Milton Friedman - Other People's Money

    10/07/2010 1:35:25 PM PDT · by MichCapCon · 3 replies
    Cap Con ^ | 10/7/2010 | Milton Friedman
    Professor Friedman examines the dynamics of "doing good" with other people's money.
  • My New Hero, Milton Friedman (Vanity)

    Special thanks to user mnehring for pointing me in the direction of this video; an interview all Freepers would enjoy watching. I've already sent it to all my Liberal friends. Brilliant interview on youtube (July 31, 1912 – November 16, 2006) Milton Friedman WikiIf you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
  • Must See TV: Milton Friedman in Defense of Capitalism

    09/15/2010 4:29:21 AM PDT · by iowamark · 9 replies
    RedState ^ | September 13 2010 | Erick Erickson
    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. (2 minute video clip at link)
  • "Free To Choose" is back online! (Milton Friedman)

    09/09/2010 3:42:58 PM PDT · by Bon mots · 14 replies
    The Idea Channel ^ | 1980 | Milton Friedman
    Milton Friedman's brilliant PBS series, "Free To Choose" is back online - for free. If you have not seen it and are even remotely interested in economics, this is a MUST SEE series. Much more so in light of our nation's current backslide into the cesspool of Socialism and Statist thought, 'neo'keynsian economics and police state regulation.
  • Roots of Academic Bias

    08/20/2010 10:54:37 AM PDT · by AccuracyAcademia · 16 replies
    Accuracy in Academia ^ | August 20, 2010 | Malcolm A. Kline
    With everybody but college professors acknowledging the left-wing bias in academia, the next question becomes, when did it start? Well, it goes back at least a half a century. “While teaching at Ohio State University in the 1960s, I had a bumper sticker that read, Bury Goldwater and was shunned by colleagues until one took a close look at it and said, ‘Ah, it says Bury Goldwater, we thought it said Barry Goldwater,’” author Alston Chase remembered. “Would you like to go to a party?,” the colleague asked Chase. Despite the image of the 1960s as one in which left-wing...
  • Milton Friedman Would Have Been 98 Today...

    07/31/2010 3:42:19 PM PDT · by ObamacareFail · 6 replies
    So the question is, aside from Rush Limbaugh and a few other talk show hosts, where are the people defending freedom to the masses the way in which Milton Friedman was able to do it? If you would like to see Milton Friedman in action, Click Here
  • This Recession Caused By Over-Regulation Not Market Failure

    07/30/2010 2:13:08 PM PDT · by Mobile Vulgus · 3 replies
    Publius Forum ^ | 07/30/10 | Warner Todd Huston
    I just returned from a nice little luncheon given by the Heartland Institute ( in beautiful downtown Chicago, Illinois. The purpose of the gathering of free-market supporters and like-minded individuals was to celebrate the life's work of famed economist and Nobel Prize winner Milton Friedman. The principal speaker was Richard H. Timberlake*, student and friend of the celebrated economist and an accomplished free-market economist in his own right. I've done several such events for some of the conservative think tanks and state policy groups in the Windy City and I enjoy these events in Chicago because I always get the...
  • Video Flashback: Milton Friedman Schools a Young Michael Moore

    07/20/2010 3:16:59 AM PDT · by TheHawksNest · 23 replies · 1+ views
    Big Hollywood ^ | July 19, 2010 | Hollywoodland
    Little something from the late 1970s, which means Moore is somewhere in his early to mid-twenties. At first you won’t believe that’s him, but hang in there. He’s much younger and thinner (weren’t we all), so you have too look and watch closely. After a while, the eyes, gestures, double talk, appeals to emotionalism and complete inability to understand or respect logic and facts will start to look familiar.
  • Mitch Daniels on American Conservatism (Daniels' picks of conservative literature)

    07/06/2010 9:23:35 AM PDT · by Notary Sojac · 41 replies · 1+ views ^ | 4 July 2010 | Jonathan Rauch
    Mitch Daniels on American Conservatism In this interview, which helps define an emerging political figure, possible Presidential contender for 2012 Mitch Daniels plants himself firmly on the dynamist, anti-traditionalist side of the conservative divide. Two of the books you’ve chosen are about freedom and two are about social dynamism. Hayek’s Road to Serfdom, I would say, is about both. It’s also the first of these books to be published, in 1944. Do you want to start with that one? Hayek, when I thumb back through it and look at what I marked when I first read it, was the book...
  • Tax bonanza coming up, hints India [Lowered taxes allowed higher collections]

    06/17/2010 6:30:09 PM PDT · by James C. Bennett · 7 replies · 334+ views
    The Times of India ^ | June 17, 2010 | The Times of India
    NEW DELHI: Finance minister Pranab Mukherjee told TOI that he is in favour of a moderate tax regime for individuals, giving a strong indication that the government may stick to the lower tax slabs proposed in the original draft of the Direct Tax Code (DTC). The first draft of the DTC, released in August 2009, had proposed to tax incomes up to Rs 10 lakh per annum at 10%, incomes above Rs 10 lakh and up to Rs 25 lakh at 20% and incomes beyond Rs 25 lakh at 30%. However, the revised draft released on Tuesday suggested that some...
  • Free to Choose

    06/09/2010 8:29:03 AM PDT · by Kaslin · 7 replies · 15+ views ^ | June 9, 2010 | John Stossel
    America's current struggles notwithstanding, life here is pretty good. We have a standard of living that's the envy of most of the world. Why did that happen? Prosperity isn't the norm. Throughout history and throughout the world, poverty has been the norm. Most of the world still lives in dire poverty. Of the 6 billion people on earth, perhaps 1 billion have something close to our standard of living. Why did America prosper when most of the people of the world are still poor? Milton Friedman taught me the answer. More than any other American, Friedman, who won the Nobel...
  • ‘You’re the top! You’re the Coliseum’

    05/31/2010 10:08:34 AM PDT · by Congressman Billybob · 14 replies · 477+ views
    Special to FreeRepublic ^ | 31 May, 2010 | John Armor (Congressman Billybob)
    I’ve seen the movie, De-Lovely, at least six times now. Cole Porter’s personal life was a wreck, But with words and music he had no peer. Not even in two people at once, like Gilbert and Sullivan, or Rodgers and Hammerstein, for instance. I begin this column with a Porter quote from ‘You’re the Top,” and the subject is Paul Krugman. As my wife says of people who take themselves with far too seriously, “He sends his shirts out to be stuffed.” By all that’s right and holy, Krugman should be one of the great men of our generation. He...
  • Milton Friedman on Unions (Video)

    05/19/2010 9:07:49 AM PDT · by MichCapCon · 3 replies · 204+ views
    Michigan Capitol Confidential ^ | 5/19/2010 | MichCapCon
    Dr. Milton Friedman describes changes in the public image of labor unions; from when they started compared to the present day.
  • The Tyranny of Control by Milton Friedman - PBS TV Series (1990 Version VIDEO)

    05/16/2010 7:24:49 PM PDT · by wrrock · 1 replies · 197+ views
    Video ^ | 5/16/2010 | Video
    The Tyranny of Controls follows two countries with remarkably different outcomes: Japan and India. Where Japan has embraced an economy based on the free markets, India’s pathway followed that centralized planning and government controls. The effect of the measures to ‘protect’ India’s weavers prevented more productive jobs from emerging. Mr. Friedman explains that while governments will self-profess to be ‘forward-looking,’ in practice, however, they look backward. This is because they are either protecting select industries or encourage the ventures they have decided to undertake. This type of government selection works to hinder new technologies and industries that would surely develop...
  • Europe's Greek tragedy has a lesson for Aussies (Milton Friedman was right about the Euro)

    04/29/2010 3:29:44 PM PDT · by GOPGuide · 6 replies · 577+ views
    The Australian ^ | April 30, 2010 | Henry Ergas
    MILTON Friedman was notoriously sceptical of the euro, predicting it was "going to be a big source of problems, not a source of help". When crisis hit, monetary union would prevent the eurozone countries from adopting solutions tailored to their individual circumstances. As large fiscal transfers between countries became necessary, old enmities would resurface and the edifice would collapse. Though Friedman was not one to rejoice in the misfortunes of others, one can imagine a wry smile as he watches, from wherever he may be, the European debacle, in which the euro bears a central responsibility. Without the euro, Greece...
  • Friedman and Sowell on Equality

    04/17/2010 12:36:20 PM PDT · by george76 · 9 replies · 618+ views
    youtube ^ | June 14, 2009
    Milton Friedman gives his brilliant assessment of equality in the context of inherited wealth. Thomas Sowell ...
  • How Milton Friedman Saved Chile

    03/03/2010 11:08:04 AM PST · by mbarker12474 · 4 replies · 502+ views
    Bret Stevens in the Wall Street Journal ^ | 1 March 2010 | Bret Stevens, WSJ
    "Milton Friedman has been dead for more than three years. But his spirit was surely hovering protectively over Chile in the early morning hours of Saturday. Thanks largely to him, the country has endured a tragedy that elsewhere would have been an apocalypse." ... "As for Chile, Pinochet appointed a succession of Chicago Boys to senior economic posts. By 1990, the year he ceded power, per capita GDP had risen by 40% (in 2005 dollars) even as Peru and Argentina stagnated. Pinochet's democratic successors—all of them nominally left-of-center—only deepened the liberalization drive. Result: Chileans have become South America's richest people....