It is time for a lesson from Milton Friedman.
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Milton Friedman discusses how the free-market system works, after each 30 minute documentary Milton has a 30 minute debate with dozens of prominent people including those from the IMF, World Bank, Welfare departments, Federal Reserve chairman... He explains everything you need to know, not just the whos and the whats, but the whys, then whens, and the hows. It is very informative, and I encourage everyone to take the time to watch it. I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary. h 1. The Power of the Market [^] 2. The Tyranny of Control[^] 3. Anatomy of Crisis [^] 4. From Cradle to Grave[^] 5. Created Equal[
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Milton Friedman discusses how the free-market system works, after each 30 minute documentary Milton has a 30 minute debate with dozens of prominent people including those from the IMF, World Bank, Welfare departments, Federal Reserve chairman... He explains everything you need to know, not just the whos and the whats, but the whys, then whens, and the hows. It is very informative, and I encourage everyone to take the time to watch it. I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary. h 1. The Power of the Market [^] 2. The Tyranny of Control[^] 3. Anatomy of Crisis [^] 4. From Cradle to Grave[^] 5. Created Equal[
CaptainSeeSharp wrote:
I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me
So you didn't understand any of it?
me, me, me "The dinosaurs became extinct because they didn't have a space program. And if we become extinct because we don't have a space program, it'll serve us right!" Larry Niven nils illegitimus carborundum
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CaptainSeeSharp wrote:
I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me
So you didn't understand any of it?
me, me, me "The dinosaurs became extinct because they didn't have a space program. And if we become extinct because we don't have a space program, it'll serve us right!" Larry Niven nils illegitimus carborundum
That and he plans on employing his usual bit of elitism.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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Milton Friedman discusses how the free-market system works, after each 30 minute documentary Milton has a 30 minute debate with dozens of prominent people including those from the IMF, World Bank, Welfare departments, Federal Reserve chairman... He explains everything you need to know, not just the whos and the whats, but the whys, then whens, and the hows. It is very informative, and I encourage everyone to take the time to watch it. I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary. h 1. The Power of the Market [^] 2. The Tyranny of Control[^] 3. Anatomy of Crisis [^] 4. From Cradle to Grave[^] 5. Created Equal[
What's Wrong with Our Schools is pretty much the key. The more money put into a government system, the more that absolutely nothing changes. Friedman is the man. Austrian school (esp Tom Woods) FTW.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two. -
Milton Friedman discusses how the free-market system works, after each 30 minute documentary Milton has a 30 minute debate with dozens of prominent people including those from the IMF, World Bank, Welfare departments, Federal Reserve chairman... He explains everything you need to know, not just the whos and the whats, but the whys, then whens, and the hows. It is very informative, and I encourage everyone to take the time to watch it. I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary. h 1. The Power of the Market [^] 2. The Tyranny of Control[^] 3. Anatomy of Crisis [^] 4. From Cradle to Grave[^] 5. Created Equal[
CaptainSeeSharp wrote:
I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary.
So, to recap: 1 - you think you've actually debated these points in the past 2 - you know we are smarter than you, so you refuse to debate 3 - yet, you spam these forums with these links to stuff you're incapable of discussing 4 - you assume that any points or questions we'd have, are covered in the debates on the videos 5 - therefore you are stupid.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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CaptainSeeSharp wrote:
I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary.
So, to recap: 1 - you think you've actually debated these points in the past 2 - you know we are smarter than you, so you refuse to debate 3 - yet, you spam these forums with these links to stuff you're incapable of discussing 4 - you assume that any points or questions we'd have, are covered in the debates on the videos 5 - therefore you are stupid.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
No, Christian, it's actually a fairly clever post... See, he posted links to ten videos, which according to his explanation are an hour each (30 minute lecture, 30 minutes of debate). OBVIOUSLY he hasn't watched them, but now he has two canned responses prepared. 1) If we refuse to watch the videos (Damned if I'm going to waste ten hours on this crap), he can just claim we don't know enough about the issues, or call us closed-minded. 2) If we actually DID watch the videos, he would just claim we didn't understand them, while secretly laughing about how he made us waste ten hours of our lives on his idiocy. Of course, since the scheme is now exposed, #1 is no longer a valid argument, so we win by default.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels) -
No, Christian, it's actually a fairly clever post... See, he posted links to ten videos, which according to his explanation are an hour each (30 minute lecture, 30 minutes of debate). OBVIOUSLY he hasn't watched them, but now he has two canned responses prepared. 1) If we refuse to watch the videos (Damned if I'm going to waste ten hours on this crap), he can just claim we don't know enough about the issues, or call us closed-minded. 2) If we actually DID watch the videos, he would just claim we didn't understand them, while secretly laughing about how he made us waste ten hours of our lives on his idiocy. Of course, since the scheme is now exposed, #1 is no longer a valid argument, so we win by default.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels)Yes, that is a good point.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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What's Wrong with Our Schools is pretty much the key. The more money put into a government system, the more that absolutely nothing changes. Friedman is the man. Austrian school (esp Tom Woods) FTW.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two.So, for people with jobs, and who don't have 3 hours to spare, what's the Readers Digest version ? What's wrong with schools ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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Milton Friedman discusses how the free-market system works, after each 30 minute documentary Milton has a 30 minute debate with dozens of prominent people including those from the IMF, World Bank, Welfare departments, Federal Reserve chairman... He explains everything you need to know, not just the whos and the whats, but the whys, then whens, and the hows. It is very informative, and I encourage everyone to take the time to watch it. I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary. h 1. The Power of the Market [^] 2. The Tyranny of Control[^] 3. Anatomy of Crisis [^] 4. From Cradle to Grave[^] 5. Created Equal[
I'm disappointed. I thought it said Morgan Freeman. I was all ready to learn how to use a Gravity Gun.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
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I'm disappointed. I thought it said Morgan Freeman. I was all ready to learn how to use a Gravity Gun.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
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Oh right, the last names are the same... I actually saw his post and went to IMDb, checking to see if Morgan Freeman did any of the voices in Half-Life 2... Maybe it's time to up my caffeine dosage to two cokes a day.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels) -
Oh right, the last names are the same... I actually saw his post and went to IMDb, checking to see if Morgan Freeman did any of the voices in Half-Life 2... Maybe it's time to up my caffeine dosage to two cokes a day.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels)See, I make this mistake a lot. I also had a hell of a day. My brain stopped working around 2pm and I am on autopilot. I need more Dew
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
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CaptainSeeSharp wrote:
I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary.
So, to recap: 1 - you think you've actually debated these points in the past 2 - you know we are smarter than you, so you refuse to debate 3 - yet, you spam these forums with these links to stuff you're incapable of discussing 4 - you assume that any points or questions we'd have, are covered in the debates on the videos 5 - therefore you are stupid.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
I'm not wasting my time reading or watching his crap why should anyone else.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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Milton Friedman discusses how the free-market system works, after each 30 minute documentary Milton has a 30 minute debate with dozens of prominent people including those from the IMF, World Bank, Welfare departments, Federal Reserve chairman... He explains everything you need to know, not just the whos and the whats, but the whys, then whens, and the hows. It is very informative, and I encourage everyone to take the time to watch it. I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me, and with plenty of hardcore debate after each 30 minute documentary. h 1. The Power of the Market [^] 2. The Tyranny of Control[^] 3. Anatomy of Crisis [^] 4. From Cradle to Grave[^] 5. Created Equal[
REPOST!!! So here is the the repost of my response. Monetarists believed that to control inflation you needed to control the money supply. Mrs Thatcher bought into this, and reduced the government deficit - she put up taxes, and cut government spending. She also put up interest rates. Hey! Inflation was reduced!!! Alas, so was the demand for goods and services; economic growth also. It took about a year for monetarist policies to plunge Britain into a full scale recession. Unemployment rose to an unheard of (post war WW2) 3m. (BTW: Capitalists had been complaining that Union Rates undermined Britain's ability to compete in world markets. Here is a desperate workforce looking for jobs. So what did the capitalists do? They crated up their factories and moved them abroad, where they could be even more competitive.) Controlling the money supply was more difficult than Monetarism predicted. Growth in the money supply remained high - in spite of rising interest rates and falling demand. Monetarist measures to reduce the money supply merely served to further reduce demand. By rigorously applying Mr Friedman's hypotheses and attempting to meet his money supply targets, inflation was, indeed, reduced, but at the cost of recession and devastating unemployment (highest since the Great Depression). Mr Friedman's policies were responsible for the rioting across Britain in 1981. (Which, ironically, had to be assuaged by socialist measures.) Mr Friedman is, alas, just another Economics academic whose little models cannot stand the test of reality.
Bob Emmett New Eugenicist - The weekly magazine for intelligent parenting.
modified on Thursday, June 3, 2010 6:08 AM
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CaptainSeeSharp wrote:
I will not waste my time debating when I have Milton Friedman who will explain it 10 times better than me
So you didn't understand any of it?
me, me, me "The dinosaurs became extinct because they didn't have a space program. And if we become extinct because we don't have a space program, it'll serve us right!" Larry Niven nils illegitimus carborundum
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So, for people with jobs, and who don't have 3 hours to spare, what's the Readers Digest version ? What's wrong with schools ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
-
REPOST!!! So here is the the repost of my response. Monetarists believed that to control inflation you needed to control the money supply. Mrs Thatcher bought into this, and reduced the government deficit - she put up taxes, and cut government spending. She also put up interest rates. Hey! Inflation was reduced!!! Alas, so was the demand for goods and services; economic growth also. It took about a year for monetarist policies to plunge Britain into a full scale recession. Unemployment rose to an unheard of (post war WW2) 3m. (BTW: Capitalists had been complaining that Union Rates undermined Britain's ability to compete in world markets. Here is a desperate workforce looking for jobs. So what did the capitalists do? They crated up their factories and moved them abroad, where they could be even more competitive.) Controlling the money supply was more difficult than Monetarism predicted. Growth in the money supply remained high - in spite of rising interest rates and falling demand. Monetarist measures to reduce the money supply merely served to further reduce demand. By rigorously applying Mr Friedman's hypotheses and attempting to meet his money supply targets, inflation was, indeed, reduced, but at the cost of recession and devastating unemployment (highest since the Great Depression). Mr Friedman's policies were responsible for the rioting across Britain in 1981. (Which, ironically, had to be assuaged by socialist measures.) Mr Friedman is, alas, just another Economics academic whose little models cannot stand the test of reality.
Bob Emmett New Eugenicist - The weekly magazine for intelligent parenting.
modified on Thursday, June 3, 2010 6:08 AM
Well, you are going to have to put up taxes, cut government spending, and raise interest rates, as do all of us, and it has nothing to do with Austrian school of economics and everything with Keynesian economics. It has to do with central banks flooding the world with cheap currency and credit, and governments and private sector taking on massive debt (with the help of the central banks flooding the world with cheap currency and credit).
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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Well, you are going to have to put up taxes, cut government spending, and raise interest rates, as do all of us, and it has nothing to do with Austrian school of economics and everything with Keynesian economics. It has to do with central banks flooding the world with cheap currency and credit, and governments and private sector taking on massive debt (with the help of the central banks flooding the world with cheap currency and credit).
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
Well, you are going to have to put up taxes, cut government spending, and raise interest rates, as do all of us, and it has nothing to do with Austrian school of economics and everything with Keynesian economics. It has to do with central banks flooding the world with cheap currency and credit, and governments and private sector taking on massive debt (with the help of the central banks flooding the world with cheap currency and credit).
None of which is germane to the subject under discussion: the theories of Milton Friedman. As a self-styled Libertarian, you extolled these theories. Here is what real Libertarians think of them Milton Friedman Unravelled [PDF][^]: In common with their Keynesian colleagues, the Friedmanites wish to give to the central government absolute control over these macro [economic] areas, in order to manipulate the economy for social ends, while maintaining that the micro [economic] world can still remain free. In short, Friedmanites as well as Keynesians concede the vital macro sphere to statism as the supposedly necessary framework for the micro-freedom of the free market. You understand nothing of that which you parrot. There's a blockage in the Gentlemen's Rest Room. Don't forget to roll your sleeves up.
Bob Emmett New Eugenicist - The weekly magazine for intelligent parenting.