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Gerry Clinchy
09-03-2013, 05:53 PM
Just for some fun ...
https://www.facebook.com/photo.php?fbid=10151860567324548&set=a.16062348
9547.115359.5633824547&type=1&relevant_count=1&ref=nf

Hope this works.

Edit: I tried it ... just make sure to highlight the entire two lines of the URL.

caryalsobrook
09-03-2013, 08:35 PM
Just for some fun ...
https://www.facebook.com/photo.php?fbid=10151860567324548&set=a.16062348
9547.115359.5633824547&type=1&relevant_count=1&ref=nf

Hope this works.

Edit: I tried it ... just make sure to highlight the entire two lines of the URL.If you haven't read his book Free to Choose(notice the word FREE), you would enjoy it. Even a liberal would understand it. He might not like it but if he would open his mind he might understand it.:p

Gerry Clinchy
09-03-2013, 09:58 PM
If you haven't read his book Free to Choose(notice the word FREE), you would enjoy it. Even a liberal would understand it. He might not like it but if he would open his mind he might understand it.:p
I read Free To Choose many years ago. Still have it around, and have been meaning to re-read it. Can't remember who had recommended it to me.

Franco
09-04-2013, 12:09 PM
Uncle Miltie was great for America and was one of the few bright spots in the Reagan Administration.

"He served as a member of President Reagan's Economic Policy Advisory Board (http://www.retrievertraining.net/wiki/Economic_Policy_Advisory_Board) starting at 1981. In 1988, he received the Presidential Medal of Freedom (http://www.retrievertraining.net/wiki/Presidential_Medal_of_Freedom) and the National Medal of Science (http://www.retrievertraining.net/wiki/National_Medal_of_Science). He said that he was a libertarian philosophically, but a member of the U.S. Republican Party (http://www.retrievertraining.net/wiki/Republican_Party_(United_States)) for the sake of "expediency" ("I am a libertarian with a small 'l' and a Republican with a capital 'R.' And I am a Republican with a capital 'R' on grounds of expediency, not on principle.")

http://en.wikipedia.org/wiki/Milton_Friedman

Friedman was our hedge against the Keyesians. LOts of great quotes and I still watch his "greed" video on Youtube when confronted by afternoon TV show host calling his economic policy greedy.

caryalsobrook
09-04-2013, 02:06 PM
Uncle Miltie was great for America and was one of the few bright spots in the Reagan Administration.

"He served as a member of President Reagan's Economic Policy Advisory Board (http://www.retrievertraining.net/wiki/Economic_Policy_Advisory_Board) starting at 1981. In 1988, he received the Presidential Medal of Freedom (http://www.retrievertraining.net/wiki/Presidential_Medal_of_Freedom) and the National Medal of Science (http://www.retrievertraining.net/wiki/National_Medal_of_Science). He said that he was a libertarian philosophically, but a member of the U.S. Republican Party (http://www.retrievertraining.net/wiki/Republican_Party_(United_States)) for the sake of "expediency" ("I am a libertarian with a small 'l' and a Republican with a capital 'R.' And I am a Republican with a capital 'R' on grounds of expediency, not on principle.")

http://en.wikipedia.org/wiki/Milton_Friedman

Friedman was our hedge against the Keyesians. LOts of great quotes and I still watch his "greed" video on Youtube when confronted by afternoon TV show host calling his economic policy greedy.

Your post brings to mind the creation of the Becker Friedman Institute for Economic Research founded at the University of Chicago. More than 170 professors signed a petition ridiculing Friedman as one of the most polarizing individuals at the University for embrassing the benefits of a free market based capitolistic society. Rather than have an open discussion of different ideas, these professors choose to ridicule and deny the students of their FREEDOM TO CHOOSE among differing ideas. To me this was the height of diggotry. Rather than an OPEN discussion of differing ideas, they prefer that a government system of managed markets be the only choice offered to its students.

Franco
09-04-2013, 06:49 PM
Your post brings to mind the creation of the Becker Friedman Institute for Economic Research founded at the University of Chicago. More than 170 professors signed a petition ridiculing Friedman as one of the most polarizing individuals at the University for embrassing the benefits of a free market based capitolistic society. Rather than have an open discussion of different ideas, these professors choose to ridicule and deny the students of their FREEDOM TO CHOOSE among differing ideas. To me this was the height of diggotry. Rather than an OPEN discussion of differing ideas, they prefer that a government system of managed markets be the only choice offered to its students.

Cary, are you certain about what you posted? I'd never heard of the Becker Friedman Inst for Economic Research so I decided to Google it. Maybe I hadn't heard of it because Uncle Miltie has been deceased for a good while and the institute didn't become a reality until 2011.
http://bfi.uchicago.edu/about/

As far back as I can remember, Friedman championed Free Markets, condemed Crony Capitalism and was the major supporter of small businesses. Three ideals only Libertarians support as a political party.

caryalsobrook
09-04-2013, 07:57 PM
Cary, are you certain about what you posted? I'd never heard of the Becker Friedman Inst for Economic Research so I decided to Google it. Maybe I hadn't heard of it because Uncle Miltie has been deceased for a good while and the institute didn't become a reality until 2011.
http://bfi.uchicago.edu/about/

As far back as I can remember, Friedman championed Free Markets, condemed Crony Capitalism and was the major supporter of small businesses. Three ideals only Libertarians support as a political party.

I never once heard him use the phrases "small business" or "chrony capitalism". What I heard were the terms "free Market" and "individual freedoms". He even called himself an "usltr liberal", something totally averse to the ideas of those who call themselves "liberal". My sister , a liberal retired college professor of economics, who I asked if she educated her students of the ideas of Friedman responded that she mentioned him. All she wants to talk about is Keynesian Economics. Colleges of today rather than promoting differing ideas and challenging students to THINK FOR THEMSELVES, choose to use their positions to spout their own personal views and ridicule opposing views. The protest of the professors at the Univ of Chicago is a clasic example of their bigotry. Sadly they use the gov. to promote their agenda rather than teaching the students to listen to differing viewpoints and learn to THINK FOR THEMSELVES.

Franco
09-04-2013, 08:11 PM
I never once heard him use the phrases "small business" or "chrony capitalism". What I heard were the terms "free Market" and "individual freedoms". He even called himself an "usltr liberal", something totally averse to the ideas of those who call themselves "liberal". My sister , a liberal retired college professor of economics, who I asked if she educated her students of the ideas of Friedman responded that she mentioned him. All she wants to talk about is Keynesian Economics. Colleges of today rather than promoting differing ideas and challenging students to THINK FOR THEMSELVES, choose to use their positions to spout their own personal views and ridicule opposing views. The protest of the professors at the Univ of Chicago is a clasic example of their bigotry. Sadly they use the gov. to promote their agenda rather than teaching the students to listen to differing viewpoints and learn to THINK FOR THEMSELVES.

Thanks for claifying. Friedmam was the hedge vs Keynes. I think we will be forced through the devaluation of the dollar to become more Austrian in Economics as the Keynes' view proves faulty. Hopefully, we won't be hearing from Krugman either.

Franco
09-06-2013, 06:54 PM
https://sphotos-a.xx.fbcdn.net/hphotos-ash3/1278188_10151656899218935_247489591_n.jpg Some great advice from Financial terrorist & Keynesian, bin Bernake.

cpj
09-07-2013, 09:19 PM
I don't believe Friedman was an Austrian. I've always understood he was a monetarist or of the "Chicago school".

Franco
09-08-2013, 07:07 AM
I don't believe Friedman was an Austrian. I've always understood he was a monetarist or of the "Chicago school". True. But today, those Monetarist are Austrian for the most part. Back then the Keynesians were not as out of control as they are day. Though Friedman and Keynes were basically contemporaries, their views on economics were 180 degress apart.

menmon
09-08-2013, 10:06 AM
I read Freedom to Choose years ago to and it models itself after the old Hong Kong. Pure capitalism is not the aswer either are you have a bunch of uneducated have nots. There is much truth in that book, but I want more than what that formula offers.

Melton was for a floating currency but not a managed float and that would be like driving a car without a stiring wheel. He was made popular because of his tenure with Reagan, albeit he contributed much to modern day economics, more is understood today and the global economy has made many of these proofs wrong because of the additional varables

Franco
09-08-2013, 10:27 AM
I read Freedom to Choose years ago to and it models itself after the old Hong Kong. Pure capitalism is not the aswer either are you have a bunch of uneducated have nots. There is much truth in that book, but I want more than what that formula offers.

Melton was for a floating currency but not a managed float and that would be like driving a car without a stiring wheel. He was made popular because of his tenure with Reagan, albeit he contributed much to modern day economics, more is understood today and the global economy has made many of these proofs wrong because of the additional varables

Pure Capitalism would be much better than what we have today! Our system of Croney Capitalism kills real breakthroughs in innovation as well as it doesn't allow of the Free Market to work its magic. Blame it on special interest that rules DC with their well-armed and well-paid army of lobbyist. It why our Tax Code is thousands of pages. Those that have money to buy influence will always work to prevent the Free Market or pure Capitalism from undervaluing their product.

I say, "let the people chose what they want and get the government/special interest out of the way! Then watch the economy grow. Not an economy bulit on false cructches but instead on viablity and real need.

swampcollielover
09-08-2013, 10:47 AM
I believe that: Pure Capitalism like pure Socialism would lead to pure chaos! I have a similar belief about the Libertarian approach, sounds good in principle but would simply lead to Chaos. Although I have read this from many sources, I also have read many who contradict these theories. It is a foundational belief that I have developed based on my own life experience including what I have read and seen during my life.

swampcollielover
09-08-2013, 10:52 AM
I read Freedom to Choose years ago to and it models itself after the old Hong Kong. Pure capitalism is not the aswer either are you have a bunch of uneducated have nots. There is much truth in that book, but I want more than what that formula offers.

Melton was for a floating currency but not a managed float and that would be like driving a car without a stiring wheel. He was made popular because of his tenure with Reagan, albeit he contributed much to modern day economics, more is understood today and the global economy has made many of these proofs wrong because of the additional varables

MM...next time you take issue with my spelling....look within your own house first!

Gerry Clinchy
09-08-2013, 11:07 AM
I believe that: Pure Capitalism like pure Socialism would lead to pure chaos! I have a similar belief about the Libertarian approach, sounds good in principle but would simply lead to Chaos. Although I have read this from many sources, I also have read many who contradict these theories. It is a foundational belief that I have developed based on my own life experience including what I have read and seen during my life.
Why is common sense so uncommon :-)

We have seen that in socialist and communist societies, capitalism always manages to find some place in the system. Both Russia and China found that condoning some capitalism in their societies helped their economies grow more than "central planning."

Self-interest need not be brutal or evil. Self-interest can be a vehicle for lifting that individual up the economic ladder, and then also the same vehicle that provides sustenance for those lower on the economic ladder. Many of the wealthiest people also become the most philanthropic individuals in our society. I think of Bill Gates. I don't know that he is a "religious" person, but he came to a point where he realized that there comes a point when you just don't need any more money for yourself, personally ... and he also became a philanthropist.

Capitalism with rule of law to protect the rights of all individuals seems to work pretty well. However, when govt, itself, becomes an "aggressor" against individual rights we end up with a problem. Regulation from govt is necessary. The degree to which the govt should regulate counter individuals' becomes the issue.

The concept is simple ... the devil is in the details.

Franco
09-09-2013, 05:27 AM
https://sphotos-a.xx.fbcdn.net/hphotos-frc3/p320x320/1235186_615420015175557_1909711390_n.jpg

menmon
09-11-2013, 01:40 PM
MM...next time you take issue with my spelling....look within your own house first!

I'm not one of the spell checkers on here. I can't spell and I never worry too much about it on here. So I have never said anything about your spelling