Milton Friedman being a douchebag

[Dusty Bake Activate]

This dude is just asking questions and trying to have a conversation and this decrepit ass Hyman Roth motherfukker is getting all aggy.

4:35 mark.

 

[ⒶⓁⒾⒶⓈ]

Creative editing....A 95 year old man needs his naps

In his day Milton shytted on liberals with ease

 

[Broke Wave]

The irony is the interviewer was right about the collapse of society, with the 2008 meltdown and the Gov having to come in and save it. It wasn't because Gov's have grown too big

 

[Domingo Halliburton]

I thought for a second he was still alive when I saw the thread. I thought Laffer was dead too until I saw him on fox news or something.

 

[Slystallion]

He's still alive? He's the man though

 

[Tate]

Friedman? He's, imo, trash.

 

[CHL]

Friedman? He's, imo, trash.

 

[AJaRuleStan]

I kek'd so hard when he told that fakkit he needs to bounce.

 

[theworldismine13]

The Gawd put that cornball socialist in his place

 

[dennis roadman]

Don't disrespect Hyman Roth, he was a real free market capitalist who actually earned money and working with the government

 

[Dusty Bake Activate]

The Gawd put that cornball socialist in his place

No he didn't. He got emotional like a broad because he couldn't stand someone disagreeing with him. And dude was right. The economy ended collapsing and it was because of excessive crony capitalism, not because government got too big.

Be a black man who stans Milton Friedman, brehs.

 

[ⒶⓁⒾⒶⓈ]

No he didn't. He got emotional like a broad because he couldn't stand someone disagreeing with him. And dude was right. The economy ended collapsing and it was because of excessive crony capitalism, not because government got too big.

Be a black man who stans Milton Friedman, brehs.

Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism

Can one have effective crony capitalism WITHOUT big govt???

The only reason the corporations throw so much money into politics is specifically because the Government is big enough to help them...if the Govt was small they wouldn't bother.

its like a corrupt businessman colluding with the local mafia to drive his competition out of business..the only reason the businessman would need to collude with them is because they are strong and vicious enough to beat up and burn down his competition.

 

[Dusty Bake Activate]

Can one have effective crony capitalism WITHOUT big govt???

The only reason the corporations throw so much money into politics is specifically because the Government is big enough to help them...if the Govt was small they wouldn't bother.

its like a corrupt businessman colluding with the local mafia to drive his competition out of business..the only reason the businessman would need to collude with them is because they are strong and vicious enough to beat up and burn down his competition.

So Wall Street banks recklessly sold garbage derivatives that were unregulated and rated AAA by the credit rating agencies because government got too big?

 

[GunRanger]

No he didn't. He got emotional like a broad because he couldn't stand someone disagreeing with him. And dude was right. The economy ended collapsing and it was because of excessive crony capitalism, not because government got too big.

Be a black man who stans Milton Friedman, brehs.

The guy was talking about civilization collapsing like in Rome etc. That can't happen if the government doesn't collapse. And when the government is too big and too involved financially, when they can no longer pay, things get really bad, and that includes harsh inflation.


The whole sub prime market is because of the government wanting more people to own homes

 

[ⒶⓁⒾⒶⓈ]

So Wall Street banks recklessly sold garbage derivatives that were unregulated and rated AAA by the credit rating agencies because government got too big?

Thats the back half of that story..The only reason they could sell those derivatives is because they had bribed lobbied Bill clinton into signing the repeal of Glass stegall

Although to be fair many of the house democrats and quite a few republicans were complicit...and they WERE still supposed to be regulated the Fed and SEC turned a blind eye to those dealings because the economy seemed to be booming..