the brilliance of milton friedman was understanding a subject so profoundly, that he could break it down to a simple answer. you notice that someone is struggeling when they try to muddy the waters
A journalist, a politician, and two economists speak about Government. Within the first 10 min, it is clear that the journalist and politician want to appeal to feelings and emotions rather than to logic/reason like the two economists.
You mean when the economist said, "I think you'd have a lot of dead people in the super dome" as a way to argue against lessening government control of the economy and peoples money? Is this what you mean that they appealed to logic and reason and not an appeal to feelings, emotion?? Did we watch the same video?
@@bcshu2 I think that particular economist was referred to as "a politician". Because he seems to have given up his economics degree to give bad political advice.
"Let the people who want the program pay for it and get the benefits; and let those of us who don't support the program not pay the taxes and not get the benefits" Perfect. I don't know what's so hard about that.
Sign of the times ...that the Tribune journalist is invited to speak about something which he has no competence in and right away tries to dominate the convo. Honestly surprised that the author of the depression book is the only one really vibing with Milton’s ideas.
To Goolsbee's initial statement, possibly, in an fiscal emergency, strict and temporary relieve, if halted and monies paid back when the emergency has passed, could be tolerated; but, it's important to remember, that it may have well been well meaning intervention from government, that caused the emergency to begin with. Therefore, it's prudent to get to the root of the problem and prevent that adverse activity from endangering the free market system again. To simply throw money at the fiscal emergency, without dealing with the secondary, and sometimes unforeseen consequences of the initial relieve, is simply repeating what's been done for the last half century. We see the global economic turmoil presently- this is empirical data that mustn't be ignored.
To Page's initial point- market slowdowns are part of the 'Market Cycle' and maybe, need to be left alone. What caused the acceleration or Boom prior to the slowdown should get most of our attention. That is what need to be prevented in the future. What causes artificial accelerations in the economy, or rather, where are the 'False Signals' in the economy and what caused them. Was is a protectionist measure? Was it a bag of subsidies, was it government regulations? We must identify the 'False Signals' and then eliminate them. With life comes pleasure as well as pain. To attempt, via intervention from any entity, to eliminate pain as a reactionary measure, rather than learning to prevent it, is folly. Life with pleasure and only pain, is fools gold.
I think many Americans ask how exact is the money counting. This is exactly why a lot of time it is hard to find an American great economist as great as Friedman. You can't look at economists as a psychology course. It is as exact as it can be. When you borrow money, you pay back every cent that you have borrowed. Say, physics says energy does not disappear, it just transforms from one form to another. So once you understand, you realize that in economists it is the same way. Resources are limited, money printing is not! At what point paper money becomes a resource? - When you can eat it! Now one can say, but wait a minute, what about pocketing money? Then I will have to take away your pants from you! And this is where Big Pharmas come in. #Облепиха#Ginni Rometty
the brilliance of milton friedman was understanding a subject so profoundly, that he could break it down to a simple answer. you notice that someone is struggeling when they try to muddy the waters
Exactly. Only Caplan is coherent.
A journalist, a politician, and two economists speak about Government. Within the first 10 min, it is clear that the journalist and politician want to appeal to feelings and emotions rather than to logic/reason like the two economists.
You mean when the economist said, "I think you'd have a lot of dead people in the super dome" as a way to argue against lessening government control of the economy and peoples money? Is this what you mean that they appealed to logic and reason and not an appeal to feelings, emotion?? Did we watch the same video?
@@bcshu2 I think that particular economist was referred to as "a politician". Because he seems to have given up his economics degree to give bad political advice.
"Let the people who want the program pay for it and get the benefits; and let those of us who don't support the program not pay the taxes and not get the benefits"
Perfect. I don't know what's so hard about that.
It is not the purpose, or place, of government to artificially prop up failing companies.
Sign of the times ...that the Tribune journalist is invited to speak about something which he has no competence in and right away tries to dominate the convo. Honestly surprised that the author of the depression book is the only one really vibing with Milton’s ideas.
I think 4 people plus a moderator is too much for a good conversation. It would have been nice to just have Goolsbee and Caplan argue for an hour.
The host is so clearly biased towards government
To Goolsbee's initial statement, possibly, in an fiscal emergency, strict and temporary relieve, if halted and monies paid back when the emergency has passed, could be tolerated; but, it's important to remember, that it may have well been well meaning intervention from government, that caused the emergency to begin with. Therefore, it's prudent to get to the root of the problem and prevent that adverse activity from endangering the free market system again.
To simply throw money at the fiscal emergency, without dealing with the secondary, and sometimes unforeseen consequences of the initial relieve, is simply repeating what's been done for the last half century. We see the global economic turmoil presently- this is empirical data that mustn't be ignored.
To Page's initial point- market slowdowns are part of the 'Market Cycle' and maybe, need to be left alone. What caused the acceleration or Boom prior to the slowdown should get most of our attention. That is what need to be prevented in the future.
What causes artificial accelerations in the economy, or rather, where are the 'False Signals' in the economy and what caused them. Was is a protectionist measure? Was it a bag of subsidies, was it government regulations? We must identify the 'False Signals' and then eliminate them.
With life comes pleasure as well as pain. To attempt, via intervention from any entity, to eliminate pain as a reactionary measure, rather than learning to prevent it, is folly. Life with pleasure and only pain, is fools gold.
After watching this it seems like we should just make a law against stealing.
28:40 That guy is actually equating contradictory government spending with competition in the marketplace. Truly moronic.
I was under the incorrect assumption that Free to Choose Network was libertarian, thanks for the correction. XD
It is the core of libertarian beliefs
It is, but the host of this talk isn't. If you think about it, it's to the network's credit that they don't produce programmes that are echo chambers.
I think many Americans ask how exact is the money counting. This is exactly why a lot of time it is hard to find an American great economist as great as Friedman. You can't look at economists as a psychology course. It is as exact as it can be. When you borrow money, you pay back every cent that you have borrowed. Say, physics says energy does not disappear, it just transforms from one form to another. So once you understand, you realize that in economists it is the same way. Resources are limited, money printing is not! At what point paper money becomes a resource? - When you can eat it! Now one can say, but wait a minute, what about pocketing money? Then I will have to take away your pants from you! And this is where Big Pharmas come in. #Облепиха#Ginni Rometty
Say in Midwest we decided to have a Sunflower economy, chopping down the money!
Unfree to be chosen.
No good Jobs around. That's It....