Metal Sludge Gossip Board

This special aired on PBS in 1980. It's based around Nobel Prize winning Economist Milton Friedman and his advocacy for Free Market economies.

The first half of each part is a documentary, with Friedman travelling around the world to countries that have adopted free markets (or related principles), where he interviews participants in said economies, examines the benefits and lack of benefits that free markets exude & compares them to Mixed Economies and/or Socialist/Communist economies.

The second half of each part includes debate with Friedman from unionists, socialists, etc., (even Donald Rumsfeld, in part 2) in the library of the University of Chicago.

In each part, Friedman undeniably backs his case up with explicit evidence and facts clearly showing how we all would be better off and greatly benefit from free markets...


Part 1 ~ Power Of The Market:

http://www.youtube.com/watch?v=f1Fj5tzuYBE

Part 2 ~ The Tyranny Of Control:

http://www.youtube.com/watch?v=QLGof3bOQn0

Part 3 ~ Anatomy Of A Crisis:

http://www.youtube.com/watch?v=SWVoPrntBso

Part 4 ~ From Craddle To Grave:

http://www.youtube.com/watch?v=eJFSLACxFkk

Part 5 ~ Created Equal:

http://www.youtube.com/watch?v=1wrkHIXIPik

Part 6 ~ What's Wrong With Our Schools?:

http://www.youtube.com/watch?v=QK6duZYV2G8

Part 7 ~ Who Protects The Consumer?:

http://www.youtube.com/watch?v=kCJnwBHnjwU

Part 8 ~ Who Protects The Worker?:

http://www.youtube.com/watch?v=2rnXGnXxE5k

Part 9 ~ How To Cure Inflation?:

http://www.youtube.com/watch?v=L6N_wYOEUSY

Part 10 ~ How To Stay Free?:

http://www.youtube.com/watch?v=-VofQIu_Ifo



Despite the fact this special is 33 years old, it's absolutely uncanny and fascinating watching this knowing all too well how Government interference in the markets and Socialist/Keynesian policies have clearly destroyed the quality of life as we know it. So many issues presented here are just as relevant today as they were then...

I hope you enjoy it...

Moggio wrote: Despite the fact this special is 33 years old, it's absolutely uncanny and fascinating watching this knowing all too well how Government interference in the markets and Socialist/Keynesian policies have clearly destroyed the quality of life as we know it. So many issues presented here are just as relevant today as they were then...

I hope you enjoy it...

LMFAO @ learning economics from TV. Learn how to read and then read a book.

You're such a dumb ass. You run around criticizing quantative easing and now you're praising Milton Friedman who is the father of quantitative easing. He advised Japan to pursue QE in the late 90s to fight deflation. Bernanke is now following Milton Friedman.

Reviving Japan
by Milton Friedman April 30, 1998
http://www.hoover.org/publications/hoov ... ticle/6549
The Bank of Japan can buy government bonds on the open market, paying for them with either currency or deposits at the Bank of Japan, what economists call high-powered money. Most of the proceeds will end up in commercial banks, adding to their reserves and enabling them to expand their liabilities by loans and open market purchases. But whether they do so or not, the money supply will increase.

You apparently do not realize that Milton Friedman held Austrian school in very low regard and the Austrian school holds Milton Friedman in very low regard. Friedman was a monetarist. He is not viewed by the Austrian school (people like Ron Paul etc) as a proponent of free markets. They call him a statist.


Monetarism
http://en.wikipedia.org/wiki/Monetarism
Monetarism is a school of economic thought that emphasizes the role of governments in controlling the amount of money in circulation. It is the view within monetary economics that variation in the money supply has major influences on national output in the short run and the price level over longer periods and that objectives of monetary policy are best met by targeting the growth rate of the money supply.

Monetarism today is mainly associated with the work of Milton Friedman

When the Koch Bros brought Hayek to the US, Milton Freidman refused to allow Hayek to teach in the Dept of Economics at Univ of Chicago and Hayek was placed in the philosophy department.

Here is a recent Milton Friedman beat down from Austrian school economist Thomas J. DiLorenzo.

The Friedmanite Corruption of Capitalism
Friday, May 31, 2013
http://mises.org/daily/6439/The-Friedma ... Capitalism

In Feb 2011, Ron Paul called DiLorenzo to testify before his subcommittee to discuss monetarism. The hearing is basically a discussion of whether Friedman's life work was rubbish. It was the first hearing Ron Paul held when put in charge of that committee after the GOP took over the House in Jan 2011. Since you insist on learning from video, this is what you should watch. It will help you understand the difference between Milton Friedman and the Austrian School of Economics.

You're quite ignorant.

Ron Paul's Subcommittee Hearing 2/9/11: Can Monetary Policy Really Create Jobs
http://youtu.be/NVPbfNArhq4

DEATH ROW BLOW JOB wrote:

Moggio wrote: Despite the fact this special is 33 years old, it's absolutely uncanny and fascinating watching this knowing all too well how Government interference in the markets and Socialist/Keynesian policies have clearly destroyed the quality of life as we know it. So many issues presented here are just as relevant today as they were then...

I hope you enjoy it...

LMFAO @ learning economics from TV. Learn how to read and then read a book.

You're such a dumb ass. You run around criticizing quantative easing and now you're praising Milton Friedman who is the father of quantitative easing. He advised Japan to pursue QE in the late 90s to fight deflation. Bernanke is now following Milton Friedman.

Reviving Japan
by Milton Friedman April 30, 1998
http://www.hoover.org/publications/hoov ... ticle/6549
The Bank of Japan can buy government bonds on the open market, paying for them with either currency or deposits at the Bank of Japan, what economists call high-powered money. Most of the proceeds will end up in commercial banks, adding to their reserves and enabling them to expand their liabilities by loans and open market purchases. But whether they do so or not, the money supply will increase.

You apparently do not realize that Milton Friedman held Austrian school in very low regard and the Austrian school holds Milton Friedman in very low regard. Friedman was a monetarist. He is not viewed by the Austrian school (people like Ron Paul etc) as a proponent of free markets. They call him a statist.


Monetarism
http://en.wikipedia.org/wiki/Monetarism
Monetarism is a school of economic thought that emphasizes the role of governments in controlling the amount of money in circulation. It is the view within monetary economics that variation in the money supply has major influences on national output in the short run and the price level over longer periods and that objectives of monetary policy are best met by targeting the growth rate of the money supply.

Monetarism today is mainly associated with the work of Milton Friedman

When the Koch Bros brought Hayek to the US, Milton Freidman refused to allow Hayek to teach in the Dept of Economics at Univ of Chicago and Hayek was placed in the philosophy department.

Here is a recent Milton Friedman beat down from Austrian school economist Thomas J. DiLorenzo.

The Friedmanite Corruption of Capitalism
Friday, May 31, 2013
http://mises.org/daily/6439/The-Friedma ... Capitalism

In Feb 2011, Ron Paul called DiLorenzo to testify before his subcommittee to discuss monetarism. The hearing is basically a discussion of whether Friedman's life work was rubbish. It was the first hearing Ron Paul held when put in charge of that committee after the GOP took over the House in Jan 2011. Since you insist on learning from video, this is what you should watch. It will help you understand the difference between Milton Friedman and the Austrian School of Economics.

You're quite ignorant.

Ron Paul's Subcommittee Hearing 2/9/11: Can Monetary Policy Really Create Jobs
http://youtu.be/NVPbfNArhq4

1. Milton Friedman is NOT the father of Quantitative Easing (John Maynard Keynes was, though the policy wasn't called that at the time). Friedman's philosophy on QE is nowhere near the extreme you're portraying. He felt if QE was utilized MODERATELY, it could be a productive economic tool. But what the US Government and the Fed are doing is EXCESSIVELY utilizing QE to such an extreme, that's it's completely out of hand and hence ruining the economy. Also, while an admirer of some of Friedman's policies, Bernanke is NOT following Friedman's policies that closely. That's laughable. Especially since what he's been doing is more along the lines of Keynesianism.

2. The Chicago & the Austrian School of Economics don't necessarily hold each other in low regard. However, they obviously disagree on several policies. But they are FAR closer to agreeing about economic philosophy than compared to Keynesianism - which of course while being partly essential due to some of its influential economic tools, most of its prescriptions are BS. Also, Austrians believed that it was "difficult" for Friedman to be considered an advocate of free markets, NOT that he wasn't one. And this was mainly because of the differing views on Gold that the Chicago and Austrian schools had (and still have today).

3. Go fuck yourself...and STOP LYING and blurring the lines. And watch the 10 hour special I posted above - it destroys most of your ultra-moronic points...LOL!



Without further ado, BESTOWMENT #21...



...and the ARTIFICIAL recovery continues...