Five Myths by Milton Friedman

Posted by dbhalling 9 years, 5 months ago to Economics
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Excellent, but I think the collation has moved from the middle class to the political class.
SOURCE URL: https://www.youtube.com/watch?v=xNc-xhH8kkk


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  • Posted by coaldigger 9 years, 5 months ago
    My first job was with a company with a CEO that was very innovative and paid attention to the young core of managers. He ran a symposium with 12-14 people at a time, assigned books to discuss and invited his friends to come in to speak to us, one of which was "Uncle Milty". During the Q&A Mr. Friedman engaged me in a give and take. I kept trying to escape but he wouldn't allow it. It was embarrassing but at the same time very enjoyable. It started with dispelling a myth and ended up exposing a belief built on a false premise. I had no idea that he knew so much about Pittsburgh and the surrounding communities and he nailed me for believing that my town, Mt Lebanon, was a bastion of Republican, Individualists and Capitalists when we were in fact elitists, collectivists with strains of socialism. Dang!
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  • Posted by ObjectiveAnalyst 9 years, 5 months ago
    Excellent. Like reading one of his books. It always comes down to conditions and policy failures set in motion by government. Cronies, recessions, depressions and unfavorable monopolies are the product which could not long exist without a complicit government.
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