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Milton Friedman - Open Mind - Very Early Interview - Debunking Socialism!

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BasicEconomics

BasicEconomics

12 жыл бұрын

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THE OPEN MIND
Host: Richard D. Heffner
Guest: Milton Friedman
Title: “A Nobel Laureate on the American Economy VTR: 5/31/77

Пікірлер: 126
@capoman1
@capoman1 11 жыл бұрын
I could listen to Friedman ALL DAY. I fear I am a strange minority in the US now.
@tzvibendaniel2045
@tzvibendaniel2045 2 жыл бұрын
same. he's a genius! same with Thomas Sowell
@barryweiss9977
@barryweiss9977 Жыл бұрын
With you
@gabebautista6521
@gabebautista6521 8 ай бұрын
You are not alone! Don’t you ever let them make you feel alone!
@tomleszczynski2862
@tomleszczynski2862 7 ай бұрын
​@@gabebautista6521 agree 100%. I wager the proportion of the population that listens to this and understands is relatively the same now as then. The only difference is the state media used to publish this when it was no threat, while now as we suffer the fate predicted by this video the ideas are ignored.
@wkusam123
@wkusam123 21 күн бұрын
With you 100%.
@daxdigitalus
@daxdigitalus 10 жыл бұрын
1956. If this were aired in 2014 it would still be more relevant than any cable news broadcast I have seen.
@Pablo123456x
@Pablo123456x 8 жыл бұрын
1976
@theslownorris7277
@theslownorris7277 7 жыл бұрын
Say it again Mr daxdigitalus? So all will hear! Bravo! How sad that by 2017, there should be a retrograde ideology. This is why Mr. Marx would roll in his grave... The broader politic [yes, even left] simply turn over to micro-Kantian socialism; that is to say, racist/nationalist/collectivist political movements are all 'the rage.' Very hip indeed. 13:28 "This isn't a strange road..." etc.. Friedman was an excellent economist, optimistist, rhetorical genius, and his smile is so disarming.
@echo1174
@echo1174 7 жыл бұрын
The Left always make arguments that everyone else knew about four generations before. Today's left love talking abut special interest groups, corporate welfare, too big to fail bail outs, socialism for the rich Etc ... like it's all a big revelation and super intelligent news that only they are privy to. Friedman was talking about this all along and pointed out that it's all cyclical anyway. The Labour Party in the UK, 1945, were introducing ideas that Bismark supported in 1869 and Bismark was accused of being a reactionary by his own Kaiser back then. The British Conservative Party supported these ideas back in the 19th century also. Marx referred to these ideas as Reactionary ideas, like Christian Socialism, Feudal Socialism and Petite-Bourgeois Socialism in 'The Communist Manifesto' 1848. The Left now claim it all as their ideas now. 19th century reactionary programmes are radical progressive left-wing ideas in 21st century, Pffff.
@Cromper
@Cromper 7 жыл бұрын
Can't be 1956. Probably 1976
@brianblair3784
@brianblair3784 6 жыл бұрын
daxdigitalus It's 1976 or 77 Carter is President
@etymos6644
@etymos6644 3 жыл бұрын
A brilliant analyst not of economy but of human nature itself and the way to control for the inevitable biases that accompany it through economics.
@gurugeorge
@gurugeorge 9 жыл бұрын
And nowadays we have on television: reality shows, discussions about peoples' sex changes, the trivial rantings of vain celebrities. Even when it comes to more serious tv, you get science shows that talk down to their audience, history programs with more "dramatic reconstruction" than discussion of facts, etc., etc. I'm actually old enough to remember shows like this on UK tv too. I can remember when Channel 4 in the UK started, they used to have a late night discussion show where a bunch of intelligent people - Left, Right, scientists, businesspeople, artists, religionists - would get together with a drink and a smoke to discuss serious issues into the night, without any format or structure - just an open intellectual agora. I can't even imagine the possibility of such a thing now.
@KidMillions
@KidMillions 9 жыл бұрын
+gurugeorge Well the free market should come in if people wanted to see such a program, theoretically, to fill the gap in the market. But in the UK you do have programs like Question Time or Newsnight... This particular program is similar to what Charlie Rose does in the US... (Incidentally all those are government funded programs, BBC and PBS)
@gurugeorge
@gurugeorge 9 жыл бұрын
***** Interestingly, in the early days, Channel 4, while ultimately responsible to a public organization, was self-funding at the time when it had programs like the one I mentioned, and lots of minority and quite left-wing political programming. It was cheaply-made stuff, but varied, and some was very interesting - and quite careless of censorship. It became more "commercial" (in the sense of having more cookie-cutter, mainstream programming) when it came under the direct control of a more well-endowed, purpose-built public service broadcasting corporation. The history is complicated, but as with many things, it's basically the gummint's fault :)
@bratyanow
@bratyanow 3 жыл бұрын
thanks goodness for Basic Economics channel so we can enjoy and learn from these great videos!
@2ndSonofGod
@2ndSonofGod Жыл бұрын
@@KidMillions podcasts took up your challenge, seriously.
@JoaoOliveira-rk8gv
@JoaoOliveira-rk8gv 2 ай бұрын
8 years later we are worse than ever. Not only in the US, but everywhere in the west.
@jakecoen
@jakecoen 9 жыл бұрын
The only thing wrong with this video is the low amount of views.
@brandtlucasbrandt
@brandtlucasbrandt 7 жыл бұрын
And how the picture stutters periodically like at 5:34.
@bratyanow
@bratyanow 3 жыл бұрын
well share it widely!!!
@maydom04
@maydom04 11 жыл бұрын
I agree, Milton talks "common sense" but it ain't so common anymore !
@3N2sw
@3N2sw 7 ай бұрын
I feel like Mr. Friedman understood the meaning of freedom.
@Predator000099
@Predator000099 10 жыл бұрын
Milton Friedman has always been an old man... wtf.
@spencerantoniomarlen-starr3069
@spencerantoniomarlen-starr3069 10 жыл бұрын
Lol, he has been old since the 1950s... but he still made it until 2006! What a beast
@greasyharold2653
@greasyharold2653 8 жыл бұрын
Jews don't stew
@nyuki187
@nyuki187 7 жыл бұрын
what i was thinking as well.
@PackerBronco
@PackerBronco 7 жыл бұрын
Except in his eyes. His eyes were always young with a twinkle that indicated a mind active and searching.
@lightfire3447
@lightfire3447 5 жыл бұрын
You must be American...good grief.
@ScandinavianHeretic
@ScandinavianHeretic 2 жыл бұрын
No matter what happens from here-on out, we can't let it become forgotten...even if collectivism takes society down with it. The worst thing we can do is let this perspective die out. The very real will to actual freedom.
@HAZIDEAD
@HAZIDEAD 8 жыл бұрын
He mentions his nobel prize which Milton won in 1976. So no this is NOT very early at all. There are a whole bunch of videos here on You Tube featuring a much earlier Milton.
@martonk
@martonk 3 жыл бұрын
Yes, very well spotted.
@MAGMADIVER1
@MAGMADIVER1 11 жыл бұрын
This interview was from 05/03/1977.
@zorro149
@zorro149 5 жыл бұрын
6:15 That line of thinking is sadly not dead. The U.S. is heading in that direction.
@JessChristopher
@JessChristopher 8 жыл бұрын
dam did milton ever have hair? lol
@Rogsterius
@Rogsterius 8 жыл бұрын
If only there was hope for a new bioshock game. How on earth can people let a franchise like that just moulder away and die?
@JessChristopher
@JessChristopher 8 жыл бұрын
lol you caught that huh? had to change my name on here when I argue with sjw's they always bring up my ethnicity but now they bring it up assuming I'm white can never win ha
@Rogsterius
@Rogsterius 8 жыл бұрын
That's really depressing to hear yet another example of why the world of reason is ending.
@mpowe123
@mpowe123 2 жыл бұрын
He doesn't ask Hefner if he wants to be a slacker for the rest of his life.
@spencerantoniomarlen-starr3069
@spencerantoniomarlen-starr3069 10 жыл бұрын
Mega genius right here
@JosephQuillen
@JosephQuillen 8 ай бұрын
This is great. He's brilliant. And we need a president who understands this stuff. Vivek2024!
@matt75hooper
@matt75hooper 2 жыл бұрын
Dr Friedman would not be surprised whatsoever at our 2022 predicament. He warned us over & over & over. America had 2 choices- Freedom or a little bit of comfort. We chose temporary comfort. Our grandkids will be coolies.
@dltnsdd
@dltnsdd 2 жыл бұрын
What an Awesome find!! Thank you so much for posting!!
@pneron2032
@pneron2032 3 жыл бұрын
And now the police are coming into your house to break up Christmas. We were warned.
@bratyanow
@bratyanow 3 жыл бұрын
so true!
@posmaster22
@posmaster22 5 жыл бұрын
this is the best milton ive found yet
@officecrazy7
@officecrazy7 Жыл бұрын
Milton Friedman was a Rockstar! Truly one example of why God gave us 2 ears. Proverbs 25:11. A word fitly spoken…
@syedadeelhussain2691
@syedadeelhussain2691 Жыл бұрын
The quantitative theory of money's assumptions was changed in the 1980s by the Monetarists, a school of thought which was represented by Friedman.
@rossbeynon7318
@rossbeynon7318 9 жыл бұрын
When I noticed Milton said that more liberalist ideals where in campus and intellectual circles, it got me thinking that it was the opposite of what the overall public opinion was, or at least the vocal public opinion. It is noticable today when we see socialist ideals in campus and more conservatist ideals in the public sphere leading to the uprise of right-wing parties such as the Tea Party, UKIP and the French National Front.
@Viggomundo
@Viggomundo Жыл бұрын
There's an interview of Ayn Rand on KZfaq from the late 60's or early 70's, she said at the time that the Universities were taken over by the Left.
@PilotDaveLI
@PilotDaveLI 12 жыл бұрын
thank you for sharing
@16352huey
@16352huey 2 жыл бұрын
Timeless truth!
@4Liberty4Justice4All
@4Liberty4Justice4All 11 жыл бұрын
You are not alone! We are a minority because of the lack of a true education in this country and elsewhere. The internet is our new bullhorn. We must now race the gov't trying to stomp on enlightenment here (the internet) by spreading the word.
@Pablo123456x
@Pablo123456x 8 жыл бұрын
Actually, it´s not that early, it´s around 1976 - 1977. But it looks old because of the grey image. I love this video because of the open discussion, even though i profoundly disagree with his ideas.
@Alpha_Q_up.
@Alpha_Q_up. 11 ай бұрын
Capitalism and freedom. Hoooaaaaahhhhh!
@MAGMADIVER1
@MAGMADIVER1 11 жыл бұрын
I agree entirely.
@tzvibendaniel2045
@tzvibendaniel2045 2 жыл бұрын
I just came to the comments to make friends. Make sure you guys beget children and educate them in this wisdom. That's the only way we'll turn this idiocracy around!
@BasicEconomics
@BasicEconomics 2 жыл бұрын
Thanks for being part of this channel, cheers!
@Napierius777
@Napierius777 2 жыл бұрын
Does anyone know what the rates are now of federal spending vs. income that Friedman references at 18:00-19:00? "Until 1928 federal, state, and local spending never exceeded 10% of our income with the exception of the Civil War & WWI." At the time of this recording, he said it was 40%. Where is it now?
@DF-ss5ep
@DF-ss5ep 6 ай бұрын
On a gov website, I read 23%. But I checked historical data, and it lists it at 30 something in the 70s, and almost 40 in 2020. The difference, I think, is state spending.
@ClumsyToast
@ClumsyToast 11 жыл бұрын
I LOVE the music!
@karthik-hc1fc
@karthik-hc1fc 2 жыл бұрын
"Govt spending when exceeds 40% of income is awful alot". He would have laughed 🤣 his way to death if was alive in 2020-21
@jamesjones3320
@jamesjones3320 Ай бұрын
Freaking amazing
@Mehr.Zeitzumdenken
@Mehr.Zeitzumdenken 5 жыл бұрын
Unbelievable right.
@Avidcomp
@Avidcomp 11 жыл бұрын
where's the rest of it?
@xXJeReMiAhXx99
@xXJeReMiAhXx99 7 жыл бұрын
www.thirteen.org/openmind-archive/public-affairs/a-nobel-laureate-on-the-american-economy/
@MrDanielfff777
@MrDanielfff777 3 жыл бұрын
Fr
@alec0062
@alec0062 3 жыл бұрын
Where the hell did you get this video 😲😲🤯
@BasicEconomics
@BasicEconomics 3 жыл бұрын
more to come!
@josephbattaglia3690
@josephbattaglia3690 Жыл бұрын
what year was this filmed?
@jaykaydub
@jaykaydub 6 ай бұрын
THE OPEN MIND Host: Richard D. Heffner Guest: Milton Friedman Title: “A Nobel Laureate on the American Economy” VTR: 5/31/77
@toku_gawa
@toku_gawa 3 ай бұрын
While not completely true, for the sake of argument if we say it’s true China is currently subsiding the cost of many products for other countries such as Electric cars, solar panels etc. Western firms may have closed partly because of unfair competition but China is indebted today as a result
@anthologyofinterest1
@anthologyofinterest1 4 ай бұрын
klassic krusty
@adamlycett
@adamlycett 11 жыл бұрын
998 views cant understand why the west has lost its way
@bratyanow
@bratyanow 3 жыл бұрын
keep sharing this video so it gets more views!
@hugo_kruger
@hugo_kruger 4 жыл бұрын
His hair style...😃
@MUSTASCH1O
@MUSTASCH1O 4 жыл бұрын
The intro the the Open Mind is so unsettling haha
@MrDanielfff777
@MrDanielfff777 3 жыл бұрын
Great covo!
@P0RKINS2
@P0RKINS2 2 жыл бұрын
The intro is kind of eery lol
@martonk
@martonk 3 жыл бұрын
This is not a very early interview, it was made after he got his Nobel prize. Just because it is in black and white doesn't mean that it is centuries old. This was aired around the time he gave his famous FTC lectures.
@Heligoland360
@Heligoland360 7 жыл бұрын
Milton Friedman was 44 when this came out. His age seems almost static throughout the next few years.
@jscot539
@jscot539 7 жыл бұрын
64
@evaadams4243
@evaadams4243 6 жыл бұрын
Milton Friedman was born old. Was always old. He talked old and looked old when he was 3! Lol! He's excellent...a rarity!
@probablynotmyname8521
@probablynotmyname8521 4 жыл бұрын
Great horror film opening music...
@ScandinavianHeretic
@ScandinavianHeretic 2 жыл бұрын
Well we know the answer to that now, don't we?: 7:17
@arubberball
@arubberball 7 ай бұрын
Who are the 19 thumbs down?
@MAGMADIVER1
@MAGMADIVER1 11 жыл бұрын
Unfortunately, we are in the minority, but hardly strange.
@Xr3737
@Xr3737 6 жыл бұрын
Damn Milly, fux that cowlick bro. Otherwise speaking some interesting points I'll reference next time I get into a verbal battle with a socialist/collectivist (too many of those nowadays).
@chromeinox
@chromeinox 5 жыл бұрын
Russia will spread its evils around the world. And they have, although today they appear to have abandoned the worst of its evils.
@stephensharp3033
@stephensharp3033 7 жыл бұрын
He confuses schizophrenia with dissociative identity disorder.
@mrheckles6076
@mrheckles6076 3 жыл бұрын
Not really "very early", just bad image quality.
@onemanenclave
@onemanenclave 3 жыл бұрын
This interviewer is very annoying. When he interviewed Sowell, he was also disrespectful and antagonistic.
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