He would never have been able to speak at a modern day campus. The fire alarms would have been pulled before he could start talking.

The room seemed to be split 50:50 or 60:40 Left:Right, whereas now is it 80:20 or 90:10?

Was just thinking the same thing.

Maybe because his theories led to college tuition soaring...thanks free market unfettered minimally regulated capitalism.

Well, nowadays most people seriously studying economics could easily debunk Friedman to be fair. He's actually quite silly in today's context. The Chicago School was never as discredited as it is today

It's not a burn if what he promotes is literally that but in other countries.

Cool.Hand You’re delusional.

@@MetalDetroit get lose

Cool.Hand you literally made no sense in that rant. Go back to school, kid.

@Cool.Hand wow

We have never had stagflation in the course of free market capitalism but we have a large measure of it today. The reason is largely attributed to the social welfare system that has been developed since the 1970s. People today are mollycoddled and think that government can solve their problems definitely and effortlessly. We must look at the fact Dr Friedman has presented vividly and clearly before us. President Reagan did not follow exactly what Milton proposed and did not abolish the welfare mess. Most importantly, his proposal of a so-called transition period did not and could not work under the current system and with such social mentality. You can't say Milton's ideas are delusional if it has succeeded, not in the US, but in Chile, Hong Kong, South Korea as well as Taiwan in improving ordinary people's lives and leading to economic prosperity.

I've watched this clip at least a dozen times and never gets old. His lessons are timeless and you posted a year ago.....

I still don't get why Friedman says this about himself.

I love the smack down of an ad hominem fallacy.

I love it when people who don't understand how logical fallacies work misapply them in an attempt to detract from someone who has actually solid arguments.

And is there anyone of you would refuse to be treated by a doctor for cancer unless he himself had first had cancer.

evan Williams Except he falsified his empirical evidence

Daniel Montaigne ?

Also, Jordan Peterson

Just like Marx himself, they don't care for the poor, they resent the people who tell them to get a job.

That's deep

That's a great quote from the guy litteraly in government that fucked our county.

yes

Reagan was a moron, and until Trump was the worst president of the last 100 years.

Then his rich friends take a tax cut lol. Got you.

the issue is that it doesnt get votes, people want to hear fairy tales and will vote that way. So the real solution here is education, you have to teach people what are truly the fundamentals of society and what are the ways to improve their own lives and that of others.

We're in the conditions we are today because they were listened to.

@@thoseflamingos8845 no

@@WessGrumble Look at your history and you'll understand why socialism is so popular, whether you like it or not. Just like the early 1900s laborers want fair wages and respect for the role they play making profits for the company. They feel like they aren't getting that so they turn to socialism. The book, eugene v debs: a graphic biography, explains the phenomenon as it chronicles the life of the early Socialist Party Leader. A History of America in Ten Strikes is another good book that explains the deskilling process and dehumanizing of employees as the assembly line and Taylorism took root. Those two books should be required reads for every Business major since the only way to increase business margins is through labor cuts. A business mogul that donates money to build a library, "for the betterment of society" and then takes a tax right off could have just as well increased his employees wages for the betterment of his employees.

@@thoseflamingos8845 i think a people's history of the United states has had a little more influence. Taught on every campus in America. Preached from like a modern day bible by every progressive educator in college. Friedman is an old curmudgeon and Sowell is seen as an uncle tom on most campuses.

@@thoseflamingos8845 yes, they were very much listened too, which is why there is no more welfare state, and public schooling has been fixed. Yes, they were clearly listened to. /s

Some people don't want an opportunity to enrich themselves through hard work and personal growth; they want to be GIVEN the enrichment with NO hard work or personal growth. They are self-entitled, and are OWED the benefits with none of the dues. And if you don't agree, YOU are the problem, NOT them. You, personally, OWE THEM. You have no right to be a self-made success. Everything you have personally achieved through your efforts and planning is just another example of what they are OWED from what you have. And BTW, you are a racist, or sexist, or any "ist" that suits their cause.

+Paige Duffy Lewis id like to know more

Me too! Could you elaborate?

If common sense is considered brilliant, I'd suggest most of us watching this can be called brilliant.

But he didn't answer the question.

Watch the Free to Choose series. Then you might get into Thomas Sowell next. That's where I was about a year ago... I'm excited for you.

Definitely in 2020

Dr. Thomas sowell is another good anti-government economist

@Luc Verhoeven Back when Keynes' theories were in charge of the world economy. And guess what ? Since the 80's, with Tatcher and Reagan, poor people are poorer and poorer, while rich people control a growing part of the world gdp. You shoud check the World Inequality Database (WID), a site made by Banerjee, 2019 Nobel Prize of Economics, and Thomas Piketty, among others. That's the result of Friedman's uncontrolled deregulation. Globalisation and the Chicago School are killing western economies...

@@alioshax7797 But you forget to mention that the poverty rate in the USA is plummeting and there are less poor now. It's the lowest rate in 30 years. And the poor are also better off now than the poor were 30 or more years ago, so the poor are not, and never have been "getting poorer". That's a total myth.

It was smarter back then. I grew up in the 70's and 80's. Americans all believed that America was great and that we were world leaders for freedom and success. The difference between Left and Right was how we did so. The Right was pro self reliance and small government with hard work and charity at a local level. The left was pro union, pro education, with safety nets. This allowed us to operate in a balance of responsible but caring mix of the two. The problem occurred over time with the Right's focus on business and economic growth while the Left infiltrated Education and Community Services. Idealism went unchecked in those institutions as the Right is very much "live and let live" with their mentality. This allowed a steady progressiveness from balanced to the "Utopian" left of today. When you look at today's situation, its a mix of the Right's "doesn't concern me so I don't mind" approach and the Left's "Idealism and all people want the best for all" outlooks. Over time, the divide has become too far apart to reach over.

🤣

And what? That's supposed to motivate them?

His son is.