Over the past few weeks I have been watching a number of
videos from the late 1970's featuring the late Milton Friedman in various speaking engagements and television
appearances.
Friedman exposes many the unintended consequences of various
policies intended to do good. He dismantles them piece by piece in with a refreshing
wit.
Over the next number of weeks I will post a video from Mr.
Friedman. May you find enjoyment in them, as well as some knowledge. In this
first video, the esteemed economist dismisses the concept of the “free lunch.”
Wow, that could've been filmed yesterday instead of in the 70s. What he discusses is simple common sense; you don't need a doctorate in economics to understand his points.
ReplyDeleteOutstanding stuff Matt. I'm looking forward to the next installment.
I thought the same thing, Lady Red. It is amazing that the left has not learned the obvious in the past 30+ years. Some of the people coming up are really stuck on stupid.
ReplyDeleteTANSTAAFL!!
ReplyDeleteThroughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
DeleteThis is known as "bad luck."
I love this quote.
Glad to see the Heinlein quotes page, Lewy. He has been my favorite author from the time I could read beyond the 'See Dick run, Run, Dick, run.' level.
DeleteHe was (and still is, despite being dead) correct that humanity MUST head out into space, or die with this planet. My favorite quote on this subject, by him is 'Earth is just too small and fragile a basket for mankind to keep all its eggs in'.
Excellent! I'm looking forward to the rest of them. Especially when his critics and distractors get wiped on the floor by him.
ReplyDeleteMatt, thanks for posting these - I need to make the time to check these out. I've been exposed to Friedman's thinking, but I've never actually sat and listened directly.
ReplyDeleteI agree with all the above comments, great article and I'm looking forward to hearing more from Mr. Friedman, Matt.
ReplyDeleteHis last point was something I had never considered but it makes so much sense.
I had to google Dances comment...
ReplyDeleteLOL! I had to google it too...love it DWT! :))
ReplyDelete