MILTON FRIEDMAN & LARRY ARNN - FULL DISCUSSION 2006
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- Опубліковано 26 вер 2024
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This is Milton's last or one of the last appearances, he died in the same year. He is 94 yet so sharp in his logic, humor, and general intelligence.
Look at Sowell at 91, as sharp as ever!
@@BasicEconomics yes, hope he lives much longer. We can't underestimate how much we need people like them, especially today.
I wish I had a chance to meet Milton. He might've only been 5ft tall but that Man was a GiANT intellectually.
“Free to choose” a great book. Many of the example while written years ago still holds true today.
Milton Friedman may have been the single most influential person in the last 50 years to red pill the world. He was not just an academic genius but also his greatest skill was his ability to dumb down his genius where he could have the least educated person understand the most complex economic theory and how it applied to our every day life. All college and university educators should follow in his footsteps and get out of the ivory towers of academics and bring knowledge to the every day people.
Ah yes I remember seeing this ages ago! It’s interesting how much Miltons monetary theory has been proved correct by the astonishing amount of money the fed has printed through COVID and the subsequent inflation we’re seeing.
The only reason why the theory was questioned to begin with is because imports put pressure on prices when economies opened during the 90s while velocity of money was going way up and inflation remained reasonable. What we're seeing today is the result of slowing imports and money printing like there was no tomorrow since 2020.
Friedman was disproven only in the sense that he claimed that inflation was nearly exclusively a function of money supply, and thus was produced by governments that control it. This relied on the money velocity remaining stable, and that turned out to be untrue, though it was stable for a long time, particularly when A Monetary History of the United States was released. His primary assertions about the relationship between supply and value of money haven't been disproven, but the degree of importance of that relationship have been challenged and expanded upon.
What a treasure. Sad that he is gone.
The country today has done its utmost to deviate away from these arguments that are so crucial to maintaining and expanding upon the values and freedoms of our great nation. RIP
Sowell thinks we may just well be past the point of no return...
@@BasicEconomics let’s hope that he is wrong on that one. That more and more people watch this channel and other like it. That more people get to hear Sowell while he is still here
Thank you!
i havnt seen this great find
his ideas for the middle east are prudent
the problem with Milton is he's just perfect
waiting patiently!! having christmas dinner soon :)
Merry Chistmas!!
This applies to probsbly all the countries in the world even today.
2 of my favorite men!!
I thought your two faves were James and Me?
@@BasicEconomics amoung mortal men you and James, Larry and Milton are eternal ;)
Unfortunately. Our current government didn't listen.
His wife is awesome too!
My favorite Statist.
He is wrong about China. To a great measure Chiba has kept their Mao government and allowed basic free market.
Most companies in China are owned by Communist Party members, and therefore are controlled by the CCP.