Doesn't surprise me a bit, insomuch as he lived a life of leisure, off the backs of the rest of us.

Matt I can’t believe what this individual replied to you.

Thomas Jefferson, Tom Paine, Abraham Lincoln and the Roosavelts warned us about people like this.

@@louiethegreater1 Would you prefer him toiling in a factory or in the coal mine? Such individual not only of great intellectual powers and wisdom but also of a stellar moral integrity as Friedman was worth far more to society living a public life of educator and scholar rather than a common worker. I know I would prefer him dispensing wisdom.

@@jfnauvcndjakmnfksdhkajf1867 Have you considered that Friedman was not a intellectual giant? Have you considered that our dependence on the world supplying us with our needs, is the result of Friedmans trade policies. You are deceived, Friedman was only the vehicle that globalist used to convince fools that Free Trade was in the interest of the U.S. Citizen. All the globalist that infiltrated our government need do is to disrupt global shipping, and Americans will be starving and naked in the streets. Listen my friend that is about to happen. The 2000 election was stolen from Trump, and given to Biden to end America as we know it. Global Government is their goal, and Friedman was one of the vehicles used to produce their control over the American People.

thanks for writing it for me

So do I

I could write an essay on how much I love Milton Friedman but it will be easier to say I love you than anything else.

Same here.

YES!!!

Wow dude you must have completely overlooked the fact that Germany's Golda Meir permitted one million Arab Immigrants to enter Germany. Then they were allowed to move throughout the EU. Friedman did not mention that he was a supporter of that activity. Those Arabs has done nothing but join the welfare system of Europe. Friedman was a supporter of that activity, which is globalization. Nothing economical about it.

@@louiethegreater1 but my friend, he wouldn't advocate a welfare system!! :) in that scenario, they would have to work! and therefore only go if there was opportunity, and had they the desire to work

Excellent comment good sir!! Milton Friedman was the man who through KZfaq videos of his lectures, discussions, and debates, jump started my lifelong obsession and interest in economics and he is still my 2nd or 3rd favorite economist of all time (living or dead). I have even read a book written by another economist (Eamonn Butler) entirely dedicated to explaining the nature and findings of Friedman's work as an academic research economist to the public who do not understand the mathematical or statistical/econometric technicalities of Milton's academic work on monetary theory, the permanent income hypothesis, or his methodological paper staking out his claim as a father strict and literal positivist... Anyway, all of that was just to show you some of my bonifee days so you know how much this compliment means coming from me when I say that one of my main beefs with people who quote Milton Freeman and cite his genius is that they almost never mentioned his wife Rose Friedman who was also an economist in her own right meaning that Milton Friedman always basically leveraged the power of two top rate economics minds in all of his works which is almost surely one of his main comparative advantages and at least one reason why we have yet to see a another Milton Friedman come along!

@@spencerantoniomarlen-starr3069 You do understand that it was Friedman Economics that brought the world where it is today, The plutocracy with Friedman's ilk out front hoodwinked unsuspecting Americans into giving CCP , half a trillion dollar trade deficit annually, The US middleclass gave up their wealth to bring China into the global elitist. I call Friedman a Global Plutocrat, nothing more.

We have largely been following the philosophy of Milton Friedman for the last forty years and the country is literally falling apart. The man was a consummate con artist.

Well he better!

The Fed Reserve system caused it. LOL

We have largely been following the philosophy of Milton Friedman for the last forty years and the country is literally falling apart. The man was a consummate con artist.

👍

do you feel the need to have everyone you know listen?

@@barryweiss9977 not really. Different people have different interests. But I do share with the ones I feel would appreciate it.

@@theodoroseidler7072 yeah. I should control that better

@@barryweiss9977 y u meen Read.or wtf w/"Where is the Battleground..forum.et al for idiot,(&Theyre comments) free zone..word!..Dint seem like here.ti me.

@@barryweiss9977 y u meen Read.or wtf w/"Where is the Battleground..forum.et al for idiot,(&Theyre comments) free zone..word!..Dint seem like here.ti me.

Sorry if you live in Russia (truly) but that is quite likely not the case because that is an actual dictatorship where you probably can't even access this KZfaq video.

Main stream media kept people like this hidden.

Same here. Just discovered him.

@@danielwellington8380 except PBS. PBS gave him prime time for Free to Choose. Also PBS produces real good documentaries.

No way. Milton Friedman had great respect for Keynes. Watch C-SPAN interview.

Yes I was curious about that too. Surely Keynes is one of the most famous economists, but is he really one of the greatest? Hasn't Keynesianism been debunked?

@@lmqs94 gonna have to check that out

Keynes was brilliant, just wrong.

@@kqh123 Yes, Keynesianism has been thoroughly debunked in both practice and theory. Henry Hazlitt does well in his 1959 treatise "The Failure of the 'New Economics'", to thoroughly debunk Keynes' "General Theory".

👍👌

Where can I ready more about this, the founding fathers?

We have largely been following the philosophy of Milton Friedman for the last forty years and the country is literally falling apart. The man was a consummate con artist.

👍

my actual last name is fisher not labombarbe i was adopted researching into my past i came across this and somehow i have tons of stocks in my name so to be thinking what im thinkg yes and my grandfather was from TEXAS!!! houston to be particular i have stocks in recycling companies 50 dollars in one particular company i have lived in texas corpus to be exact if anyone could help me with my search thatd be great thanks!

That's the actual problem with the world today

And his student/successor, Sowell is also still very sharp. I saw an interview he did just a year ago and was struck by how eloquent he was for a 90 year old.

@@NakAlienEd facts

We have largely been following the philosophy of Milton Friedman for the last forty years and the country is literally falling apart. The man was a consummate con artist.

@@michaelkilcommons57 hahaha 🤣 you sir, are very funny. Spoken like a true communist.

@@youyoue4260 I am not a communist at all. It seems clearly evident that when the natural resources of a country are nationalized, the revenues generated could be used to pay for essential services such as education and healthcare and to lower income taxes in general. The same goes for the banking system. The bankers and oil companies would be deprived of their billions but what have they been using the money for anyway? They have destroyed many other countries and are destroying the United States in the meantime. I was a big fan of Friedman forty-five years ago when I didn't know any better. Not only did his philosophy destroy many societies including our own, he also knew what he was doing all the time. He knew that his economic philosophy would lead to a massive redistribution of wealth to the rich from the poor and middle class but he did not care because he was benefitting all along. To support Friedman's philosophy, you either have to be blissfully ignorant or very rich and be benefitting from the ongoing redistribution of wealth.

@@michaelkilcommons57 sure you can nationalize natural resources. But there's.more to an economy then raw materials. You story suggests that.Milton had some Ill intent from the beginning, I don't buy that. Besides he has not destroyed the economy at all. You claim the last 45 years have been Milton's policy but that is just a straight lie. I suggest you take another look at his webseries Free to Choose on KZfaq to get a better understanding of what he actually believed. I am sorry for calling you a communist since you sincerely try to engage in a talk. The power of capitalism is that it is the most efficient, and cheapest ways of making goods available for billions of people at a very low cost. In other words, it is one of the best ways to lessen poverty and increase relative richness. The only one to blame for high inflation and other domestic problems is the stupid policies of central banks worldwide and idiot politicians that have good sounding ideas with bad outcomes . If you want more on that read Thomas Sowells work, one acquaintance of Friedman.

@@michaelkilcommons57 I am not saying there is no need for government interventions or rules. The dissappearance of small companies, being bought up by bigger ones is not a bad thing necessarily. Since even those who accumulate all the money, will not sit on it, spend it, invest it instead of sitting on it, their greed alone will do this, making even more jobs available, even if they only buy luxury boats with their money. Could you share what in your oppinion is the right way if not Friedman's ideas? Who do you think has a right view on it then? I believe Friedman is 95% right on most things. Nationalization of natural resources, is something that is compatible with a free market system. However, again, it does not matter, since if you have taxes, you will receive these funds anyway, and by having competition, you get even lower prices of for example crude oil versus government owned oil since they are usually inefficient compared to free market companies. The role of government here should be to watch these powerfull companies that they do not engage in illegal activities that disadvantage the general public; for example secret price agreements/ Cartel. To be fair the great depression was caused by too much printing of money by federal banks, followed by stock market speculation gone wrong and then a tightening of the money supply. The central banks hold immense power. If they raise the interest rates, there is less money supply to the general public; if they lower rates, there is a larger supply of money. The result of these policies is high economic growth or economic decline. However; The problem in the past, and still now, is the printing of too much or too little money; causing things such as price inflation. Making your money worth less or more. The best way to have a stable economy is to print a fixed amount of money each year for example, every year we add 2% to the total money supply. If nationalized this money could be used by the things you talked about earlier like infrastructure, roads, healthcare, education. In that sense , you could finance the economy while keeping taxes very low. At the current time, banks indirectly cause money creation by giving out loans. And are the major benefiters of it. By removing the central bank, and issueing money as a government itself. Meaning: The banks cannot receive money from the Central Banks, in this case, the banks, if they want money, would need to go to the general public, and for example offer good saving interest rates to attract people storing their money at this particular bank. As a consequence, the banks money supply grows, and the ability to loan at money as well. The big red flag in this also, is that right now, banks loan out 10-1000xxx as much money as that they own. This is where government should step in, with rules and regulations, for example, you can only loan out, what you actually have in stock; some claim this was the big upside of gold-backed currency. Just this change alone will immensly lower the power of all banks and increase the power of the government. Not only that but it will ensure stable housing prices, stable job markets, and stable economies which will invest in durable and sustainable long term growth instead of short-lived growth/recession cycles. See also this quote of Friedman on the great Depression kzfaq.info/get/bejne/mbqAotN_rJywgoE.html

Exactly. The average US citizen would need 20 additional IQ points to function as the society that Friedman envisions.

Ok I'm back. What can I do for you?

Me too, I see an expansion of left tyranny of control, orwellian order

Marx wasn't all that bad. I think the years of socialism in postwar West helped social mobility. But it had no solution to the inflation problems which is a more pressing issue than equality

@@dimwit3006 Marx is a traitor and apostate from the faith of his fathers, and his followers are godless heathens. Giant statues are being built for him instead. I grew up in the post-war east, so some fairy tales about socialism leave me cold. Make no mistake, the same people are still behind socialism and today's NWO, godless, cold-blooded people who are not afraid to sacrifice others for profit and power.

​@@dimwit3006 your name suits you

@@youyoue4260 debate my arguments

@@dimwit3006 I dont see any arguments ?

What do you mean by so cut

@@MrDanielfff777 I mean the video has been edited almost to death. So many splices and cuts (not sure if that's the correct verbiage) . Watch at about 7:22 and you'll see an obvious example of what I mean.

Also theirs a cut at 52:36 or so

Curious, do you think of globalization as a positive or a negative?

@@aminuabdulmanaf4434 Globalization will lead to the rise of the Anti-Christ. The Anti-Christ will demand that you take his mark on your hand or your forehead, the three sixes. You will not be allowed to buy or sell without the mark.

If another country can produce something cheaper how is that not a benefit to the other countries?

@@tobieaina Thats a no brainer, 94% of all products sold in Walmart is made in China. The US worker that once made these products are now unemployed. The US has made China a global threat to the US, by the billions of dollars in trade deficits we have with her annually.

Unfortunately, everyone’s bending over for China.

Friedman was wrong about a lot of things especially his theory of inflation

Business, Economics & Politics Vlog how was he wrong on that? Just interested

china has a lot of economic freedom today but corrupt administration . it is the economic freedom of china that helped to create its wealth. today chinese are immigrating and investing in foreign markets, I think that itself is a sign that by having their economic freedom the chinese are slowly able to get away from a government that doesn't offer political freedom. overall china has done more good to itself I thiink

The prediction of political freedom for China might still become true. It is true that the state and the private companies are not amicable, as seen by the arrests of CEOs. It can still hppen.

Good thinking, I agreed

Governments shouldn't have printed money to create high demand while closing down factories. Checkmate

21nickik what exactly is v again?

Spirit of Friedman speed of money

Friedman studied inflation and money supply of 15 countries of their past 100 years. What he found was the relationship between money supply and inflation move in tandem. They only lag less than 2 years. There was never a deviation between inflation and money supply in the long run (more than 5 years). Velocity may change month after month (short run), and year after year (short run), however it becomes a constant after 5 years (long run).

@@crazieeez Hello good man, I really want to study more about this. Do you have friedman's research paper about this? Thank you very much 🙏

Not in the macro sense no he wasn’t. He was brilliant no doubt but economics is extremely difficult in so far as forecasting out 30 years not knowing what the geopolitical situation would be. Globalization or economics on scale is certainly good. What’s bad is when one country controls 90% of most goods made. Globalization should be “hey we have chip makers located in 12 different countries, they all manufacturer their chips across 36 countries around the world” not “China controls basically everything” A country should never give up manufacturing and specifically they should focus on sourcing critical goods from many different places around the globe. The N95 masks for example or the IV drips if I recall where 90% of them come from a small island country (not sure which). Now we have a situation where if Russia, China, Iran and other countries ally against the West they control the vast amount of precious metals, oil and manufacturing capability.

TimmacTR it takes voters asking for the right things, not free things.

@@italianmiltyfriedman6264 correct. The people are not supposed to be able to vote taking things from other people to give to themselves. That's why we weren't set up as a pure democracy.

@@italianmiltyfriedman6264 so basically never

China was wrong in HK and now Taiwan

I agree....I also dont agree with free trade

I wouldnt say that. I think economical and civil freedoms are now lesser than they were during that time.

Ur a bot lol

Huh?

give me your money then , if it is not self evident

@@darkstepik come with a spreadsheet that shows how you will spend it and it is all yours

@just_bee having to see a plan first before signing off and agreeing is as good as you spending it... indirectly.. you have a sense of understanding where your money is going. Just give him the money and hope to God he spends it well 😄