Milton Friedman Destroys the Idea of "Greed" and Iniquality.

[initforme]

Without regulations imagine the catastrophe that happens... corporatism run amok... average worker trampled.

 

[bripat9643]

The Origin Of 'The World's Dumbest Idea': Milton Friedman


Friedman's 'shareholder value' theories have been debunked by CEO's and economists.

What can be said about Friedman - "he slipped all too easily into claiming both that markets always work and that only markets work. It's extremely hard to find cases in which Friedman acknowledged the possibility that markets could go wrong, or that government intervention could serve a useful purpose."

Paul Krugman.

You proved Krugman is stupid, not Friedman. Almost all claims about so-called "market failure" are just government propaganda designed to justify government interference in the market.

 

[bripat9643]

Without regulations imagine the catastrophe that happens... corporatism run amok... average worker trampled.

What would the catastrophe be?

 

[Cecilie1200]

The Origin Of 'The World's Dumbest Idea': Milton Friedman


Friedman's 'shareholder value' theories have been debunked by CEO's and economists.

What can be said about Friedman - "he slipped all too easily into claiming both that markets always work and that only markets work. It's extremely hard to find cases in which Friedman acknowledged the possibility that markets could go wrong, or that government intervention could serve a useful purpose."

Paul Krugman.

Paul Krugman is an asshole who has no idea what he is talking about....

I can't believe we're supposed to believe Milton Freidman is wrong because Paul Krugman says so. If Paul Krugman told me the sky was blue, I'd go outside and verify it.

 

[bripat9643]

The Origin Of 'The World's Dumbest Idea': Milton Friedman


Friedman's 'shareholder value' theories have been debunked by CEO's and economists.

What can be said about Friedman - "he slipped all too easily into claiming both that markets always work and that only markets work. It's extremely hard to find cases in which Friedman acknowledged the possibility that markets could go wrong, or that government intervention could serve a useful purpose."

Paul Krugman.

Paul Krugman is an asshole who has no idea what he is talking about....

I can't believe we're supposed to believe Milton Freidman is wrong because Paul Krugman says so. If Paul Krugman told me the sky was blue, I'd go outside and verify it.

There you have the gullibility of liberals summed up in a single post.

 

[Jarhead]

Greed and inequality are massive problems, sorry that you want to ignore them.

Greed is a natural human quality...for good or bad. You can not control it. It is not the consequence of a policy no matter how much you want to make it one.

Greed is what prompted Joe to refinance with an ARM...an ARM is a gamble......and it was that greed that resulted in him losing his home.
Greed is the reason Tom lost his savings in the market. Whoever said the market is a sure thing?

Inequality is also a natural thing. All you guys ever talk about are the top 25 CEO's...or the top 100 richest people ion America. There will always be those people no matter what we try to do to change it. But they are far from the norm.

But lets look at the typical business owner. You know, the man or woman that has 10 employees....generates 1.5 million in revenue....has a 50% mark-up.......or a gross profit of 1 million......has a payroll of 30K an employee....or 300K....has a rent of 100K.....and other costs such as marketing, shipping phones and IT just to name a few....totaling 100K.......

So is there a problem with the business owner who works 7 days a week and worries 7 days a week and has the stress 7 days a week making 15 times the income of an employee who works 35 hours a week and goes home at the end of the week with no stress?

You're thinking about small businesses, I'm talking about multinational corporations.

Oh. I see. You want to talk about he few, while I wish to talk about the masses.
You wish to point out the evils of few while I wish to demonstrate the virtues of the many.

Got it.

 

[g5000]

Without regulations imagine the catastrophe that happens... corporatism run amok... average worker trampled.

What would the catastrophe be?

Love Canal.

 

[bripat9643]

Without regulations imagine the catastrophe that happens... corporatism run amok... average worker trampled.

What would the catastrophe be?

Love Canal.

Government was responsible for that disaster, numskull.

 

[Jarhead]

Without regulations imagine the catastrophe that happens... corporatism run amok... average worker trampled.

What would the catastrophe be?

an unemployment rate of less than 1%, a GDP matched by none, a dramatic increase in the value of US real estate......

 

[EdwardBaiamonte]

Without regulations imagine the catastrophe that happens... corporatism run amok... average worker trampled.

so the USSR thought!! See why we say liberalism is based in pure ignorance.

 

[NYcarbineer]

I sort of like this Milton Friedman idea, although I've never studied it in detail:

 

[g5000]

I sort of like this Milton Friedman idea, although I've never studied it in detail:

Yeah, that was his one concession which he admitted was antithetical to his laissez faire principles.

In the same vein, the EITC is the only tax expenditure I would favor we keep. It has been proven to increase productivity.

 

[NYcarbineer]

I sort of like this Milton Friedman idea, although I've never studied it in detail:

Yeah, that was his one concession which he admitted was antithetical to his laissez faire principles.

In the same vein, the EITC is the only tax expenditure I would favor we keep. It has been proven to increase productivity.

I support the guaranteed minimum income for everyone, in place of the means test programs. If everyone gets it, no one can complain they're not getting it. And it doesn't hurt you going ahead and earning more because means testing is gone.

 

[bripat9643]

I sort of like this Milton Friedman idea, although I've never studied it in detail:

Yeah, that was his one concession which he admitted was antithetical to his laissez faire principles.

It certainly does.

In the same vein, the EITC is the only tax expenditure I would favor we keep. It has been proven to increase productivity.

ROFL! How the hell does the EITC increase productivity?

 

[bripat9643]

I sort of like this Milton Friedman idea, although I've never studied it in detail:

Yeah, that was his one concession which he admitted was antithetical to his laissez faire principles.

In the same vein, the EITC is the only tax expenditure I would favor we keep. It has been proven to increase productivity.

I support the guaranteed minimum income for everyone, in place of the means test programs. If everyone gets it, no one can complain they're not getting it. And it doesn't hurt you going ahead and earning more because means testing is gone.

Then you should support the FAIR tax because that's exactly how it works.

 

[SwimExpert]

Greed and inequality are massive problems, sorry that you want to ignore them.

Is greed a bigger problem than, say, anger?

 

[NYcarbineer]

I sort of like this Milton Friedman idea, although I've never studied it in detail:

Yeah, that was his one concession which he admitted was antithetical to his laissez faire principles.

In the same vein, the EITC is the only tax expenditure I would favor we keep. It has been proven to increase productivity.

I support the guaranteed minimum income for everyone, in place of the means test programs. If everyone gets it, no one can complain they're not getting it. And it doesn't hurt you going ahead and earning more because means testing is gone.

Then you should support the FAIR tax because that's exactly how it works.

I'd have to see that in writing.

 

[The Rabbi]

Without regulations imagine the catastrophe that happens... corporatism run amok... average worker trampled.

What would the catastrophe be?

Love Canal.

The Soviet Union was one of the most regulated societies on earth. The Soviet Union has some of the worst pollution on earth. Coincidence? I think not.

 

[Dragonlady]

Friedman's economics resulted in higher, prices, lower wages, increased poverty and increased wealth for the oligarchs wherever they have been tried. Reagan was an admirer of Friedman and it was his reforms that have lead the US into the fiscal mess that resulted in the Great Recession.

His ideas have been so thoroughly discredited that even the IMF, which worshipped at his altar during the 90's, recently put out a report saying that trickle down doesn't work.

 

[Socialist]

Friedman's economics resulted in higher, prices, lower wages, increased poverty and increased wealth for the oligarchs wherever they have been tried. Reagan was an admirer of Friedman and it was his reforms that have lead the US into the fiscal mess that resulted in the Great Recession.

His ideas have been so thoroughly discredited that even the IMF, which worshipped at his altar during the 90's, recently put out a report saying that trickle down doesn't work.

I have that report in my signature, I advise these idiots to read it.