Milton Friedman – Genius Logic in Economics


I have heard and read about Mr. Friedman at various times over the course of my life.  Below is just a portion of his views which Glenn Beck has put out in a series of segments.  I encourage you to read this part and look for the other parts of the segment to get a broad view of Mr. Friedman’s perspective on economics.  It is well worth the read.

Milton Friedman Part III: Friedman vs. Liberal Detractors

By The Glenn Beck Program
 There is one man who embodies the spirit of capitalism, but most have never heard of him. That needs to change. It’s time for Americans to remember and get to know Milton Friedman, the father of modern economics. Milton Friedman was a brilliant defender of the free market — or capitalism. He was a champion of capitalism and the American way of life. He was not a politician, just a man who looked at things in a radically different way — and articulated them simply and persuasively. Milton Friedman Part III: Friedman vs. Liberal Detractors Milton Friedman was a powerful, passionate, cheerful and reasoned defender of what America and capitalism has done for the country and the world. Friedman’s handling of radicals and leftist was done with calm logic grounded in facts and common sense. Many today might be thinking, “Mister, we could use a man like Milton Friedman again.” When Friedman encountered radical extremist Frances Fox Piven, who co-authored the Cloward-Piven plan to overload the welfare system in this country and bring down our economy, he challenged her irrational logic with facts and direct questions.
FRANCES: That so-called free enterprise system has always used government. The entrepreneurs of that free enterprise system have always used government. And the question that you raise is whether other people can use government to achieve their ends. The free enterprise system, as it is spread around the world, as it is spread to Asia and Africa and Latin America, has spread through the force of alms, among other things. And those alms were wielded by governments. That was government intervention under the name of the free enterprise system, but a government intervention which destroyed the freedoms of many people.
MILTON: You always are talking about mixed systems, and I challenge you to find a single example in history at any time of any society where people have been relatively free, and I don’t mean merely — what you call merely — economic freedom. I mean freedom in the full sense. I mean freedom of individuals to pursue their own objectives, their own values, to live their lives. I want you to name me any society in which you’ve had any large measure of that freedom, where capitalism and free enterprise has not been the predominant mechanism for controlling economic activity. Not the sole mechanism, but the dominant one. I want you to name me one exception.

Source: http://www.glennbeck.com/2016/04/06/milton-friedman-part-iii-milton-friedman-vs-liberal-detractors/?utm_source=Sailthru&utm_medium=email&utm_campaign=20160406GlennBeckDailyV4_FINAL&utm_term=Smart%20List%20-%20Responsive%20Group%20Control?utm_source=glennbeck&utm_medium=contentcopy_link

Advertisements