Economics 101

This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101

This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101

Friedman was a brilliant man- of course many economists disagree agree on whether he was correct or not, in particular regarding various portions of his theories.

However, his theory regarding inflation seems to have been proven to be incorrect- since the government has been infusing the country with money for years now and there has been no apparent affect on the inflation rate.

Among Friedman's positions:
Drug policy
Friedman also supported libertarian policies such as legalization of drugs and prostitution. During 2005, Friedman and more than 500 other economists advocated discussions regarding the economic benefits of the legalization of marijuana.[70]

Gay rights
Friedman was also a supporter of gay rights.[71][72] He never specifically supported same-sex marriage, instead saying "I do not believe there should be any discrimination against gays."[72]

However, his theory regarding inflation seems to have been proven to be incorrect- since the government has been infusing the country with money for years now and there has been no apparent affect on the inflation rate.

What did his theory say, specifically, that you feel has been refuted by recent events?

Generalizing very broadly as I understand his theory is that over expansion of the money supply by the government- in specific terms the Federal Reserve expanding the money supply and the use of that money by the government- i.e. helicoptering the money- leads to over inflation.

Which we have not seen from a large expansion of the money supply.

Generalizing very broadly as I understand his theory is that over expansion of the money supply by the government- in specific terms the Federal Reserve expanding the money supply.......leads to over inflation.

It must be then that the expansion of the money supply wasn't large enough to cause inflation.

No refutation of his theories there.
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101
Which has led to how many Stock Markets crashes?
Too many.
Any "stock market crash" experienced was exponentially less devastating than the permanent crashes that left-wing policy caused in the former U.S.S.R., Cuba, Cambodia, Ethiopia, Vietnam, etc.


Vietnam????
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101

This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101

Friedman was a brilliant man- of course many economists disagree agree on whether he was correct or not, in particular regarding various portions of his theories.

However, his theory regarding inflation seems to have been proven to be incorrect- since the government has been infusing the country with money for years now and there has been no apparent affect on the inflation rate.

Among Friedman's positions:
Drug policy
Friedman also supported libertarian policies such as legalization of drugs and prostitution. During 2005, Friedman and more than 500 other economists advocated discussions regarding the economic benefits of the legalization of marijuana.[70]

Gay rights
Friedman was also a supporter of gay rights.[71][72] He never specifically supported same-sex marriage, instead saying "I do not believe there should be any discrimination against gays."[72]

However, his theory regarding inflation seems to have been proven to be incorrect- since the government has been infusing the country with money for years now and there has been no apparent affect on the inflation rate.

What did his theory say, specifically, that you feel has been refuted by recent events?

Generalizing very broadly as I understand his theory is that over expansion of the money supply by the government- in specific terms the Federal Reserve expanding the money supply and the use of that money by the government- i.e. helicoptering the money- leads to over inflation.

Which we have not seen from a large expansion of the money supply.

Generalizing very broadly as I understand his theory is that over expansion of the money supply by the government- in specific terms the Federal Reserve expanding the money supply.......leads to over inflation.

It must be then that the expansion of the money supply wasn't large enough to cause inflation.

No refutation of his theories there.

How big of an expansion of the money supply is necessary then?
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101

This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101

Friedman was a brilliant man- of course many economists disagree agree on whether he was correct or not, in particular regarding various portions of his theories.

However, his theory regarding inflation seems to have been proven to be incorrect- since the government has been infusing the country with money for years now and there has been no apparent affect on the inflation rate.

Among Friedman's positions:
Drug policy
Friedman also supported libertarian policies such as legalization of drugs and prostitution. During 2005, Friedman and more than 500 other economists advocated discussions regarding the economic benefits of the legalization of marijuana.[70]

Gay rights
Friedman was also a supporter of gay rights.[71][72] He never specifically supported same-sex marriage, instead saying "I do not believe there should be any discrimination against gays."[72]

However, his theory regarding inflation seems to have been proven to be incorrect- since the government has been infusing the country with money for years now and there has been no apparent affect on the inflation rate.

What did his theory say, specifically, that you feel has been refuted by recent events?

Generalizing very broadly as I understand his theory is that over expansion of the money supply by the government- in specific terms the Federal Reserve expanding the money supply and the use of that money by the government- i.e. helicoptering the money- leads to over inflation.

Which we have not seen from a large expansion of the money supply.

Generalizing very broadly as I understand his theory is that over expansion of the money supply by the government- in specific terms the Federal Reserve expanding the money supply.......leads to over inflation.

It must be then that the expansion of the money supply wasn't large enough to cause inflation.

No refutation of his theories there.

How big of an expansion of the money supply is necessary then?

That would depend on money demand.
 
It must be then that the expansion of the money supply wasn't large enough to cause inflation.

No refutation of his theories there.
But a total refutation of the Right-wing meme that QE 1, 2, 3, etc., was an over expansion of the money supply certain to cause inflation. Buy gold! :rofl::lmao:
 
It must be then that the expansion of the money supply wasn't large enough to cause inflation.

No refutation of his theories there.
But a total refutation of the Right-wing meme that QE 1, 2, 3, etc., was an over expansion of the money supply certain to cause inflation. Buy gold! :rofl::lmao:
The QE's jacked up the markets............Currency manipulation around the world deflates...............China especially.......to increase exports............................

Markets needed the QE's to jack them back up.......they didn't go up up and away without a Steroid shot.......
 
It must be then that the expansion of the money supply wasn't large enough to cause inflation.

No refutation of his theories there.
But a total refutation of the Right-wing meme that QE 1, 2, 3, etc., was an over expansion of the money supply certain to cause inflation. Buy gold! :rofl::lmao:

Plenty of people all over the world were afraid it would boost inflation.
They were wrong.
 
..........Yeah allowing the too big to fail to self regulate was such a great idea.......
.
1) a far far better idea than letting a soviet bureaucracy own and run the banks
2) self regulation worked fine, massive govt interference in the economy didn't
Worked so well they had to be saved right.....................Nice back door the Federal Reserve has there.............It's a members only club though..................

I have some Real estate to sale you.........I've added perfume and wrapped it in a bow tie.......It's really nice..........do you want to buy it.
Only a liberal could cite the failure of free-market capitalism but providing "evidence" of
Why should I listen to these asses who helped crash our asses in 2008.............Yeah allowing the too big to fail to self regulate was such a great idea.......

As great as this.........I like to hit my head with a hammer because it feels so good when I stop.
Um....."too big to fail" is the result of left-wing government intervention, genius. True free-market would result in those banks, companies, etc. failing. :rofl:
Both sides were in on the bailout......but the bailout was bogus anyway with the Federal Reserve Back door open.........If you are saying those that failed should have been put under......their assets seized............for losing in the Casino of Wall Street then I agree............

zombie-banks-2.jpg
Yes....both sides were in on the bailout because both sides are now FULL left-wing policy supporters. Republican's are made up of Kennedy-era liberals and Democrats are made up of marxists/socialists/communists.

And YES....I'm absolutely saying that every bank, every auto manufacturer, etc. should have been left to fail and collapse. There is nothing dumber than propping up failure and that's exactly what the bailouts did.
I would have seized their assets and put them out for the shit they pulled............They gambled and failed and should suffer a failures fate on the markets.........................

To the liberal comments..........I don't give a fuck what you want to call me................They put perfume on shit and nearly took our country down.............Hang them for all I care.
But here is the problem - in all of your outrage and anger, you fail to reason why all of this happened. Every part of it was the result of left-wing government intervention policy.

It was Bill Clinton's illegal and asinine 1997 Community Re-Investment Act (which was originally done by Jimmy Carter) which incentivized banks to "gamble". When it's the bank's ass on the line for the loan, they refuse to take risk. But the Dumbocrats, in their infinite socialist stupidity believed that everyone should own a home, even if they couldn't afford it. So the Act incentivized banks to make risky loans and promised them that they weren't on the hook for the loans - the tax payer would be via Fannie Mae and Freddie Mac. The banks, having no skin in the game, now started throwing money around wildly and irresponsibly.

It not only killed our economy, it also created the "housing bubble" as houses were bought and/or built for all of these people that couldn't afford it. Eventually many defaulted and the market became saturated with homes that banks were trying to get out from under with a fire sale. That caused all housing prices to plummet.

History has proven that liberal policy / government intervention has a failure rate of 100%.

Additionally, it inflated the price of housing so that homes became even more unaffordable.
 
Econ is probably the softest of the soft sciences. Omit one economic factor and a whole new result can appear, in fact, lower or raise a factor amount and a different result might appear.
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101
Which has led to how many Stock Markets crashes?
Too many.

Stock market crashes are part of an economy.

You'll never avoid them.

They were the reason Macroeconomics came into being.
Crashes are definitely part of a normal business cycle.Rates being kept artificially low negate the business cycle.So your prediction is useless.
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101
Which has led to how many Stock Markets crashes?
Too many.

Stock market crashes are part of an economy.

You'll never avoid them.

They were the reason Macroeconomics came into being.
Crashes are definitely part of a normal business cycle.Rates being kept artificially low negate the business cycle.So your prediction is useless.

Rates being kept artificially low negate the business cycle.

Who is doing that? How?
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101
Which has led to how many Stock Markets crashes?
Too many.

Stock market crashes are part of an economy.

You'll never avoid them.

They were the reason Macroeconomics came into being.
Partial bullshit...
Black Monday was due to the failure of Supply Side Economics.
The DOT Com Crash was due to people being wary of using their Credit Cards over the Internet.
The Housing Crash was due to Supply Side Economics.

Go ahead, empty headed, greedy Neo-Cons, tell me how wrong I am.
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101
Which has led to how many Stock Markets crashes?
Too many.

Stock market crashes are part of an economy.

You'll never avoid them.

They were the reason Macroeconomics came into being.
Partial bullshit...
Black Monday was due to the failure of Supply Side Economics.
The DOT Com Crash was due to people being wary of using their Credit Cards over the Internet.
The Housing Crash was due to Supply Side Economics.

Go ahead, empty headed, greedy Neo-Cons, tell me how wrong I am.

Black Monday was due to the failure of Supply Side Economics.

LOL!
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101
Which has led to how many Stock Markets crashes?
Too many.

Stock market crashes are part of an economy.

You'll never avoid them.

They were the reason Macroeconomics came into being.
Partial bullshit...
Black Monday was due to the failure of Supply Side Economics.
The DOT Com Crash was due to people being wary of using their Credit Cards over the Internet.
The Housing Crash was due to Supply Side Economics.

Go ahead, empty headed, greedy Neo-Cons, tell me how wrong I am.

Should we measure how wrong you are in miles or kilometers ?

How was the housing crash due to supply side economics ?
 
This should be a mandatory class for every liberal in America. There is not one thing here in the video that could even be remotely disputed. Not one.

Milton Friedman Part I: Economics 101
Which has led to how many Stock Markets crashes?
Too many.

Stock market crashes are part of an economy.

You'll never avoid them.

They were the reason Macroeconomics came into being.
Partial bullshit...
Black Monday was due to the failure of Supply Side Economics.
The DOT Com Crash was due to people being wary of using their Credit Cards over the Internet.
The Housing Crash was due to Supply Side Economics.

Go ahead, empty headed, greedy Neo-Cons, tell me how wrong I am.

Black Monday was due to the failure of Supply Side Economics.

LOL!

Yeah, programmed trading had nothing to do with it.

Do you recall how fast the market revived ? It was fast.

Supply Side Economics ==> Something to blame your mother's warts on.
 

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